The National Association of Proprietors of Private Schools, which represents private school proprietors, has made hints about the probable tuition hike to offset some of the effects of the recent withdrawal of fuel subsidy.
Yomi Otubela, the Association’s national president, announced this at a virtual discussion on the subject of “Government Policies and Resultant Effects on Private School Administration: A Case Study on the Removal of Fuel Subsidy” on Thursday.
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Otubela claimed that many of its members can no longer sustain the exorbitant expense of operating private schools in the nation, both before and after the elimination of fuel subsidies.
He emphasised that many of the members must consider raising tuition if they are to continue operating as a business due to the high cost of goods and services, transportation, running generators, and other educational necessities.
Lamenting, the situation, the chairman said;
Now that fuel subsidy has been removed and the cost of goods and services including transportation and running generators and other educational needs have been on the rise, private schools may not have any option than to increase tuition fees, so that they can remain in business.
The withdrawal of subsidies, the group acknowledged, is not necessarily a terrible move, but it would have been nice to have seen palliatives provided to alleviate the impact on their members.
The provision of school buses on a lease agreement, the training of teachers on a term-by-term basis, the awarding of educational grants to teachers and administrators, the establishment of educational banks to offer lenient loans to teachers, school owners, and parents, as well as the granting of tax holidays to teachers and schools, are some of the palliatives suggested by the association.
He added;
So, it is required that government give special consideration and support to us at this critical time to grow and develop, particularly because of our crucial role to human capital and national development.
