University of Ibadan Students Turn to Crowdfunding Amid Tuition Fee Hike

University of Ibadan is trending because Nigerians are crowdfunding for vulnerable UI students unable to pay the new fees, that was increased by over 500% from ₦30-60k to ₦230-412k with the deadline set for 20th, only three day away.

Despite the protest back in early August, that forced management to shutdown the school in late August.

NELFUND disbursed ₦201million in loans last month to cover the fees of 1,370 students who applied since May.

But hundreds of students who applied since May are yet to be approved. And UI’s Student Body have tried to reached NELFUND for a quick intervention before 20th, but they are not responding because the number of applicants is much. And with the fee moving to ₦412k, it will be harder to cover all the applicants.

This has forced UI student body to initiate an emergency fund raiser for atleast 500 vulnerable students who risk losing the educational year.

However, NELFUND is reportedly in discussions with UI’s Managements, to permit students who applied for loans, pending their approvals, according to TheCable.