Wigwe University is a new Nigerian University set to take off later this year as communicated by its stakeholders. However, while making different decisions to put the tertiary institution in place, It has been decided that the school fees will be listed in USD (US Dollars), stating that this aligns with the vision to attract International students.
Wigwe University
However, Wigwe University announced on Sunday that its Nigerian students will be required to pay their fees in the local currency, the naira. The university clarified that the decision to allow select payments in dollars was specifically created for non-Nigerians. “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 utilizing 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,” the university wrote in a statement it released. Read also: Wigwe University, Nigeria set to open in September 2024The university wrote further “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 school explained that being exposed to Nigeria’s rich cultural and entrepreneurial environment presents a potential opportunity for future investments and business partnerships. Also, the influx of international students will contribute to the local economy by bringing in US dollars, which will gradually decrease capital flight from the economy. The university stated that its dedication to delivering high-quality education is evident in its distinguished faculty, with more than 35 percent originating from renowned international institutions. Furthermore, Wigwe University emphasized that its advanced infrastructure matches that of top global institutions, boasting modern facilities, intelligent classrooms, advanced laboratories, and extensive research centers on its campus.Related: WIGWE Varsity Appoints a Pioneer Vice Chancellor as the Institution Prepares to LaunchThe mode of school fee payment was a concern for potential Nigerian students but Wigwe has cleared the air saying “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 prioritize our Nigerian faculty ensuring appropriate and competitive remuneration packages.” The University said it’s building a nation rather than a school and that it remains committed and stuck to its values. It also reiterated that the school will open later in the year and is set to accept different brilliant and interesting individuals from all places all over the world.
