Coping with Poverty in Universities
Poverty level in Nigeria has propelled students of the University of Port Harcourt, a citadel of learning, to cry out to their institution management and government considering the present economic recession and negative impact of the hike, to reconsider the high price of school fees. As of 2023, newly admitted students of the Federal University of Port Harcourt paid N190,000 – N205,000. But in 2024/2025 academic sessions, the same newly admitted students are paying N210,000 – N234,000. Uniport school fees which was formerly N45,000 for returning students have been increased to N78,000. and their hostel fee which was N25,000 – N35,000 doubled in 2024/2025 academic sessions to N50,000 Amidst Poverty, tertiary institutions other than Uniport have over 200 per cent hike in registration and tuition fees for students in 2024, according to a report by The Punch Over 40 universities including boarding schools in Nigeria have increased their school fees. These universities posted the new prices of tuition fees on their official websites amidst resumption of newly admitted students. These universities includes UNIUYO, University of Ibadan, LASU, UNILAG, Obafemi Awolowo University, UNIPORT, UNN, amongst many other Due to these poverty, students not only in Uniport but other tertiary institutions have devised a means of getting their school fees paid. “Some students don’t have parents or strong sponsors for their education. Considering the hike in fees coupled with recession, tons of students will be forced to go into prostitution, stealing or illegal means of funding.” said Lisa Francis, a 200 level student of Federal University of Port. Speaking with Vera Francis, a Uniport law student. “This could also lead students to drop out entirely if the means of sponsorship is not sorted out.” According to recent World Bank data, the poverty rate in Nigeria is estimated to be around 38.9%, meaning a significant portion of the population lives below the poverty line, which significantly impacts students in tertiary institutions by limiting their access to education due to financial constraints, affecting their ability to afford tuition, basic necessities, and study materials, potentially leading to poor academic performance and even dropping out Amidst this poverty and murmurs came Nelfund What is Nelfund? The Nigerian Education Loan Fund (NELFUND) is a federal agency that provides student loans in Nigeria. President Bola Tinubu signed the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act into law on April 3, 2024, establishing NELFUND A 200 level student in the department of broadcasting in Uniport who will prefer to remain anonymous said. “When I got admission I was frustrated because I had no money to pay for my school and registration fee. Poverty coupled with inflation has disabled everyone, especially me. I decided to apply for student loan in nelfund. I was approved by the company after some weeks and my loan was disbursed into my account.” students who are struggling with fees, act now! Secure your future by applying through the @NELFUND social media channels.” He added. Nelfund has alleviated poverty amongst students and helped so many in continuing their academy pursuit amidst economics crisis. The Fund disclosed this on Monday in a statement signed by its management and shared with PREMIUM TIMES. NELFUND said it has received a total of 364,042 student loan applications since inception and has approved 192,906 applications. The Fund said it has disbursed a total of N20 billion (N20,074,050,000) for institutional fees as of 3 February. It added that it has disbursed twelve billion (N12,818,960,000) as upkeep to 169,114 students Students in tertiary institutions have also devised means of overcoming poverty ingself e dthrough buying and selling of snakes, clothes, and cleaning agents, hairstyling, makeup artistry, tailoring, and joining of profitable organizations. Also Read: Effects Of Climate Change On Human Health