The Moshood Abiola Polytechnic (MAPOLY) Management in Abeokuta, Ogun State, intends to raise all of the student tuition.
After the polytechnic got into a financial bind that prevented it from paying salaries, this was unavoidable.
”there is no money” at the polytechnic, which is why it was unable to pay wages.
Ajibola alleges that the JAMB’s strict rules on full-time and part-time student admission led to the polytechnic’s bankruptcy.
MAPOLY, which once admitted more than 10,000 students, can only admit a pitiful 4,000 students at all levels, according to Ajibola.
A senior Polytechnic official anonymously stated that the administration informed Governor Dapo Abiodun about the need for a fee increase, and his consent is currently pending.
“The new amount would be announced to all students once Governor Abiodun gives his nod for an increase in fees,” the insider revealed.
Students of MAPOLY protested against the N25,000 to N35,000 increase in acceptance fee. Demanding governor intervention. And critiquing Rector Dr. Adeoye Odedeji for the current situation at the polytechnic.
The Rector has also been the target of a vote of no confidence by the different unions. Who claim he is to blame for the current state of affairs at the formerly independent university.
Former Governor Amosun stated in 2016 that MAPOLY would handle financial responsibilities without government subsidies. The PRO disagreed, questioning the Rector’s role in the polytechnic’s current situation.
“They (the employees) have access to the polytechnic’s account,” he declared. They know there isn’t any money. How do they want the money to be obtained so that the Bursar, Management, or Rector can pay salaries?
“The unions have access to the polytechnic account, but we are owed three months’ worth of salaries.” Consequently, a vote of no confidence cannot be passed.
According to information obtained by our correspondent, the polytechnic previously borrowed money from banks to cover salaries. When events reached their peak in 2021, but it seems the Rector no longer wishes to follow that course.
In an attempt to find a long-term solution to MAPOLY’s financial problems. Management plans to increase all fees, which haven’t been examined in more than ten years.
According to the source, “Since student fees are the polytechnic’s main source of funding, the management has formed a committee to investigate them. This has been completed, and the governor has received the recommendation for review and approval. We are so waiting.
“Increasing the school fees is the only way to ensure that there are sufficient finances to resolve all of these issues. What should we do in this economy with a student who pays N50,000 every session in this country?
The number of pupils we can admit per session has been lowered by JAMB. This is the root of the financial shortage, and raising tuition is the only solution.
According to information obtained by our correspondent, if the governor approves the revised tuition proposal. HND students could spend as much as N100,000.
Government of Ogun in a bind
According to information obtained by DAILY POST, the Ogun State Government is undecided about approving the suggested rise in tuition for students attending the Ogun Polytechnic.
It was said the governor is not happy that parents will now have to deal with an increase in school tuition on top of the hardships they are already facing due to the remover of fuel subsidies.
According to a government source, the governor is also taking into account the possibility that many impoverished students might leave the polytechnic if he approves the additional fees suggested by the administration.
Similarly, angry kids in Abiodun are not prepared to continue demonstrating against the new school fees on the streets.
In the meantime, worried parents have beseeched Governor Abiodun to reject the plan to increase school fees, particularly in light of the current economic downturn.
It remains to be seen what the State Government would ultimately decide.