Skip to main content

Recession: Private schools owners sell them in Lagos


As economic recession bits harder in the country, some private school owners in Lagos State have started putting up their schools for sale as they could no longer cope with the high cost of running them.

The President of National Association of Proprietors of Private Schools, NAPPS, Lagos State chapter, Alhaji Kamaldeen Akande disclosed this in an exclusive interview with our correspondent, saying apart from the fact that many private schools have closed down though with the hope of resuming operation when economy bounces back, significant numbers of others have sold off their schools in the last six months.

He said if the current poor economic situation which he said many parents also identified for their inability to pay their children’s school fess was not addressed on time; many more private schools would still be forced out productsof business on daily basis. NAPPS, according to him, constitutes about 70 per cent of total number of private school owners in Lagos State.

Akande, who is the Proprietor of Supreme Pillars College, Badagry, lamented that it was unfortunate that the economic situation had equally compelled many school owners who are members of his association to start driving out their students who could not pay their school fees from class and likewise forced some parents to withdraw their children from private to public schools.

He said this development was not the practice before recession, but NAPPS members were forced to do so for fear of being thrown out of business completely.

He explained that the situation was compounded by all kinds of taxes and levies including business premises tax, hackney permit, load and off loading permit, entertainment permit, apart from the annual dues and other charges that government imposed on private schools and made payment compulsory.

Comments

Popular posts from this blog

Home nations fined by Fifa over poppy displays

England have been fined 45,000 Swiss francs for several breaches of Fifa's rules about displaying political symbols, the sport's governing body have confirmed. The national team wore poppies on black armbands during their match with Scotland, despite being warned not to by Fifa, costing the Football Association just over £35,000. Prior to kick-off, both teams participated in a minute's silence and members of the armed forces lay wreaths. The Scottish Football Association and the Football Association of Wales have each been fined 20,000 Swiss francs (£15,692) and the Irish Football Association 15,000 Swiss francs (£11,769) for similar offences All of the associations were warned by to the World Cup qualifiers that they would be punished if they chose to ignore Fifa's regulations on the matter.     England has been fined CHF 45,000 for several incidents in the framework of the England v Scotland match, including the display by the host association, the English team and s...

Buhari confirms appointment of Niger Delta Power Holding’s CEO

President Muhammadu Buhari has approved the appointment of a substantive Managing Director/Chief Executive Officer and two Executive Directors for the Niger Delta Power Holding Company Limited (NDPHC). Joseph Chiedu Ugbowho was in an acting capacity is now the substantive Managing Director/Chief Executive Officer of the company. Others are Mallam Babayo Shehu, Executive Director (Finance and Administration) and Engr. Ife Oyedele, Executive Director (Engineering and Technical Services). A statement signed by Bolaji Adebiyi, Director (Press),Office of the Secretary to the Government of the Federation, said Mr. Ugbo is a legal practitioner and infrastructure regulations specialist with extensive experience in electricity industry reform and privatization. “He has Bachelor and Master of Law Degrees from the University of Lagos and was admitted to practice Law in Nigeria in 1991. For over 15 years, he provided legal advisory services to public sector power entities including legal support t...

N’ Delta: How Adaka Boro was tried, convicted

Adaka Boro came into prominence in 1966 when proclaimed an Independent Niger Delta Peoples’ Republic with a flag and an emergency constitution. He paraded himself as the General Officer Commanding the Niger Delta Volunteer Force (DVS) and leader of the Liberation Government. Due to Boro’s intense agitation for resource control, it was learnt that he formed a band of fighters and allegedly trained them in the use of explosives and arms. Sometimes in March 1966, Boro, armed with a theory he called XYZ, declared Ijaw Republic thus: “Today is a great day, not only in your lives, but in the history of the Niger Delta. We are going to demonstrate to the world what and how we feel about oppression”. The activist and his followers also allegedly attacked a police station, blew up the armoury and took rifles and ammunition. They also reportedly blew up oil pipelines and engaged the police in a gun battle. Boro and two of his followers, Samuel Timipre Owonaru and Nottingham Dick were arrested ...