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President Buhari To Increase Education Budget By 50 Percent

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President Muhammadu Buhari has pledged to increase the budget for the education sector by as much as 50 percent over the next two years, according to a statement by his spokesman, Femi Adesina on Wednesday.

Adesina quoted from a document titled, Heads Of State Call To Action On Education Financing Ahead Of The Global Education Summit, signed as a form of commitment at the ongoing Summit in London, United Kingdom.

“We commit to progressively increase our annual domestic education expenditure by 50 percent over the next two years and up to 100 percent by 2025 beyond the 20 percent global benchmark,” Adesina quoted the president as saying.

The president said; “We fully endorse the call for more efficient use of resources and to significantly increase investment in education by strengthening institutions, promoting greater adoption of technology, building the capacities of our teachers and mobilizing additional financial resources through legal frameworks and deliberate intervention on a sustainable basis.

“Let us, therefore, raise our hands in solidarity to build a more secure and prosperous future for our children.”

The Summit which is being co-hosted by the Prime Minister of UK Boris Johnson and the President of Kenya Uhuru Kenyatta seeks to give opportunities for leaders to make 5-year pledges to support GPE’s work to help transform education systems in up to 90 countries and territories.

President Buhari left Nigeria on Tuesday to attend the summit and also meet with the Prime Minister of Britain, Johnson and thereafter meet with his doctor for a medical check-up, according to his spokesman.

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WAEC: Over 8,000 Candidates Register for First Series of Computer Based-WASSCE in Nigeria

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Over 8,000 candidates have registered for the inaugural Computer Based-West Africa Senior School Certificate Examination (WASSCE) in Nigeria.

Dr. Amos Dangut, the Head of National Office for the West African Examinations Council (WAEC), made this announcement during a press conference held in Lagos.

Scheduled to commence from January 31 to February 17, 2024, the Computer Based-WASSCE for private candidates represents a significant shift in examination methodology.

WAEC, in November 2023, had revealed its plans to conduct the WASSCE for private candidates using a computer-based model.

Dr. Dangut, while addressing the media, expressed WAEC’s commitment to implementing this innovative approach despite initial resistance.

He noted that the acceptance of the innovation, as evidenced by the substantial number of entries received, bolstered the council’s resolve to move forward with the computer-based examination.

Out of the 8,285 candidates registered, 47.66% are male, while 52.3% are female, indicating a relatively balanced representation across genders.

The examination will cover 19 subjects comprising 26 papers in a hybrid mode, blending objective and multiple-choice questions with essay and practical components.

Dr. Dangut urged candidates to familiarize themselves with the requirements for the CB-WASSCE by accessing WAEC’s e-learning portal.

He underscored WAEC’s collaboration with educational authorities, security agencies, and stakeholders to ensure the seamless conduct of the examination and maintain its credibility.

The advent of the Computer Based-WASSCE heralds a new era in standardized testing in Nigeria, marking a significant stride towards modernization and adaptability in the education sector.

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Canada Raises Cost-of-Living Requirement for Study Permit Applicants

IRCC Announces Adjustments to Financial Guidelines and Student Work Hours Effective January 1, 2024

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The Immigration, Refugees and Citizenship Canada (IRCC) has revealed changes to the cost-of-living requirement for study permit applicants, effective January 1, 2024.

The new requirement, set at $20,635 for a single study permit applicant, more than doubles the existing amount of $10,000 established in the early 2000s.

The adjustment aims to align with the rising cost of living in Canada, preventing instances where students’ funds fall short of covering their expenses.

This financial guideline applies to study permit applications received on or after January 1, 2024, and is in addition to the first-year tuition and travel costs.

Furthermore, IRCC states that the cost-of-living requirement will now be annually adjusted based on Statistics Canada’s updates to the low-income cut-off (LICO), reflecting the minimum income necessary in Canada.

In addition to the financial adjustments, IRCC has extended the waiver on the 20-hour-per-week work cap for international students until April 30, 2024.

This extension applies to students currently in Canada and those who submitted a study permit application by December 7, 2023.

The waiver, initially introduced on November 15, 2022, allows students to work more than the standard 20 hours per week during the academic term.

Minister Miller also announced two updates related to the Post Graduation Work Permit (PGWP).

The provision allowing international students to include online study terms toward their future PGWP, as long as it doesn’t exceed half of the total program duration, will be extended until September 1, 2024.

However, there will be no further special extensions for PGWPs beyond this period, emphasizing IRCC’s commitment to maintaining clarity and stability in its policies.

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Nigerian Federal Government Initiates 40% Deduction From Universities’ Internally Generated Revenues, Prompting Concerns

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The Nigerian federal government has embarked on the implementation of a controversial policy that imposes a 40 percent automatic deduction from the internally generated revenues (IGR) of federal universities and partially-funded institutions.

This decision, aligned with the Finance Circular dated December 20, 2021, aims to limit the annual budgetary expenditure derived from IGR.

In a letter issued by the Accountant-General of the Federation, Mrs. Oluwatoyin Madein, the policy of a 40 percent auto-deduction was communicated to universities and institutions.

The letter, approved by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, was signed by the Director of Revenue & Investment in the office of the Accountant-General of the Federation, Felix Ore-ofe Ogundairo.

The new directive enforces that agencies and parastatals must remit up to 50 percent of their gross IGR, channeling the remaining 50 percent to the Sub-recurrent Account.

All statutory revenue lines, such as Tender Fees, Contractor’s Registration Fees, and Rent on Quarters, are to be remitted entirely to the Sub-recurrent Account.

While the federal government hinted at granting universities more autonomy to explore financing sources, this move has sparked controversy within the education sector.

Critics argue that the policy will stifle institutional activities, hinder critical projects, and potentially force institutions to increase fees, thereby impacting students and their families.

The National Association of Nigerian Students (NANS) has also voiced concerns, highlighting the potential repercussions for universities.

University authorities, meanwhile, argue that the policy contradicts the government’s perception of universities as revenue-generating entities while providing inadequate funding and inhibiting their development.

The policy raises questions about the government’s approach to education financing and may lead to increased financial strain on students.

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