President Ruto Modifies the System for Funding Universities
President Ruto Modifies the System for Funding Universities. A significant statement was delivered by President William Ruto on April 30, 2023, on Sunday. The announcement dealt with changing how technical and vocational education training (TVETs) colleges, universities, and colleges are funded.
According to the president, the government wants to allocate money based on how many students are registered in each institution. Collective funding to colleges and universities were discouraged. In West Pokot, this was carried out during a church service.
Scholarships
Additionally, the president hinted that there were plans in place to switch from providing funding to organizations to giving scholarships to deserving students.
“We are introducing a new strategy for subsidizing higher education institutions. Instead of giving subsidies to colleges, we would give scholarships to every student, he said.
The president claims that this remedy will give hope to universities who are experiencing a financial problem. The implementation date for this is May 1, 2023.
“Severe underfunding caused harm to numerous institutions. The budget’s funds have been reorganized, according to the president, “to meet the needs of every college and every student.”
According to Ruto, a choice was reached after consultations with education stakeholders and vice chancellors of universities.
President Ruto Modifies the System for Funding Universities
“The new funding model will save our higher education institutions and put them on the right funding track. This will improve the responsiveness of our university curriculum, according to Ruto.
Speaking at the church in west Pokot, the president promised to rebuild the institution of higher learning there and noted that it is advised that each county have at least one such institution.
Together with Moses Wetang’ula, Speaker of the National Assembly, he urged the locals to let their kids go to school so that they can have better futures.
The speaker claims that by taking this measure, the long-running banditry in the area will help be eliminated.
University Debt
According to a study, Kenyatta University (KU) and Nairobi University (UoN) are at the top of the list of universities that owe money to its employees and government agencies, totaling nearly sh56 billion as of May 2023.
The financial crisis led a number of institutions to close their satellite campuses and lay off their staff due to this debt.