Wigwe University on Sunday, said that its home students will pay their fees in naira, explaining that its decision for select dollar payment was a strategic one which aligns with its vision to attract a diverse and international student body.
In a statement issued by the institution, Wigwe university noted that it respects the concerns raised by some members of the public, and was obliged to clear the air on the matter.
“The decision to list our fees in USD is a strategic one, aligning with our vision to attract a diverse and international student body. By utilising USD, a universally accepted currency, we aim to provide clarity and transparency for our prospective students from around the world. We want to assure our home students that they will pay their tuition fees in Naira.
“As a hub for intellectual growth, we are not just building individuals, but contributing significantly to the economic development and growth of Nigeria and Africa at large. The presence of international students at Wigwe University has a positive ripple effect on the local economy.
“The exposure to the rich cultural and entrepreneurial landscape of Nigeria creates a potential avenue for future investments and business collaborations. Furthermore, the influx of international students will boost our local economy by bringing in USD, this positive impact will gradually reduce capital flight from our economy,” the school explained.
Wigwe University said it was dedicated to fostering a global learning environment with a focus on excellence, innovation, and inclusivity.
It stated that the institution’s commitment to providing a world class education is reflected in its distinguished faculty, with over 35 per cent hailing from prestigious international institutions.
In addition, Wigwe university said its state-of-the-art infrastructure rivals the best institutions globally, with its campus equipped with modern facilities, smart classrooms, cutting edge laboratories and comprehensive research centres.
It stressed that it has spared no expense in creating an environment that nurtures creativity, collaboration, and critical thinking among its students, pointing out that the entire design of the institution is intentional, to nurture fearless leaders that will one day transform Africa.
“We respect the concerns raised by some members of the public, and we are obliged to clarify this subject. Wigwe University operates with the utmost respect for national regulations and guidelines.
“Wigwe University views education as a powerful tool for societal transformation. In seeking the best international faculty, we must also prioritise our Nigerian faculty ensuring appropriate and competitive remuneration packages.
“We are not only enriching academic experience within our institution but also contributing to the larger narrative of nation-building,” it added.
Wigwe University said it values the feedback from its community and remains committed to open dialogue.
The school encouraged those with concerns to reach out to it directly, as their input is invaluable in shaping the ongoing development and success of the institution.
“JAMB registration is ongoing, please visit our website: www.wigweuniversity.edu.ng or call us @ 08000094493 for more information. We encourage the public to join and support us on this fearless journey of making history,” it noted.
Emmanuel Addeh
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Naira is the article of commerce exchange sanction by Nigerian constitution. What Wigwe did was nothing short of a run on Nigerian economy. This explanation is watery and the institution deserve to have her licence suspended.
This explaination is "after the fact". Why was this not given prior to issuing the fees publication?
Wigwe University is in Nigeria with likely +80% Nigerians.
Fees MUST be quoted in Naira or can't the international student know how to convert to dollars? Then include a link to the official fx conversion site.., finish!!!
It would be ideal he specifies for local student the amount expected to be paid and the international students to pay in Dollars as it's mainly specified on the foreign institution website for EU and non EU students. That would specify a borderline between both the local and the foreign students cost.
Absolute nonsense! Abua, Ignition,Canaan etc are all private Universities with international students on their admission and their fees are on Naira. The excuse or the reasons is watery and unacceptable.
This is a very good example of the 'spins' in organizations. A serious government not controlled by cabals should stop this 'taking Nigerians for a ride'. Naira is the country's currency. Any form of dollarization is putting pressure on the Naira, and tantamounts to economic sabotage.
There's no amount of explanation that will convince Nigerians. Foreigners should bring all the dollar, pounds, Euro, Yen etc to change to Naira and pay. This guy's know the implications of what they're doing but greed wouldn't let them do the right thing. They're taking Nigerians for granted. Don't worry it's not compulsory, children school in Wigwe University after all, what is it offering that existed ones doesn't offer?