The management of Obafemi Awolowo University, OAU, has taken the decision to slash tuition fees by 50%.
This was confirmed in a statement signed by the Public Relations Officer of the university, Abiodun Olanrewaju.
Olanrewaju added that the management has reduced the fees after a meeting held with the students.
He had said that the Students Union leaders were adamant, insisting that the fees should be reduced by 50%.
He added that the university management made it clear that the new charges were the minimum the university required to run efficiently.
The statement reads, “Accordingly, the Vice Chancellor, Professor Adebayo Simeon Bamire, graciously announced that the charges initially announced have been reduced as follows:
“For the students in Humanities, the initial sundry charges of #89, 200 for returning students have been reduced to #76,000 while for the new students in the Humanities, the initial fees of #151,200 have been reduced to #131,000.
“For those in the Sciences and Technology, the initial charges of #101,200, for returning students is now #86,000 while the new students in the same Faculties will now pay #141,000 instead of the initial #163,200.
“In the same vein, the returning students in the Pharmacy and College of Health Sciences will now pay #109,000, instead of #128,200. The new students in the same Faculties will now pay #164,000 instead of the initial charges of #190,000.”
