Former minister of education and presidential aspirant, Oby Ezekwesil has stated that the cost of university education in Nigeria is too cheap, to the extent that the quality of education has been reduced.
She made this recognized on Thursday on the release of Edfin, Nigeria’s first instructional microfinance bank, at some stage in which she also suggested that the federal authorities find an approach to the educational sector that gained’t compromise the first-class of schooling.
“There is a matter of how do you share the fee of having tertiary education. Unfortunately, our society did no longer come to the know-how that even training financing does now not must be a problem.
You need to have a solution that the pricing of schooling does not get taken right down to the extent wherein it cannot sustain quality. That is what’s happening now. We are taking down tertiary schooling to a stage where someone is relaxed to pay almost N500,000 for the kids in a pinnacle secondary faculty but as soon as the kids move into the university, their parents are ready to enroll in them to protest approximately the pricing of university schooling. In the process of doing that, you’re compromising best and relevance” she said.
Proferring a solution, she said:
“Those who have the capacity to pay should pay the right price for tertiary education and for those without the capacity to pay, edufinance and a subsidy from the federal government that is well designed will come to ensure that they are not left out of education.”
Oby Ezekwesili added that the country is in trouble because the crisis in the educational sector is not being addressed.
“Our country is in trouble because education is in crisis. A decade plus ago, I told the mission that if we did not address the crisis in education that in a matter of years. In fact, my prognosis at that time was that by 2020 that we will produce the most hardened criminals,”
“There are people who called me to say you said 2020, it happened earlier than that. As minister of education, I said the problem is not about funding. If you fund a dysfunction well, you will get a well-funded dysfunction” Ezekwesili said.