Skip to main content

FG scraps HND, set to merge polytechnics with universities

The Federal Executive Council (FEC) has reportedly approved the scrapping of the award of the Higher National Diploma (HND) by polytechnics in the country.

According to FinancialTimes, the FG has now restricted the award to only the students currently on admission in various polytechnics.

Minister of Education, Dr. Adamu Adamu disclosed that this move is part of the comprehensive reform of the tertiary education sector by the present administration.

This is following the FG's decision to scrap programmes currently being run by the polytechnics, which are not technology-based.

 Adamu disclosed that polytechnics will now become campuses of the proximate universities with the Vice Chancellors of those universities appointing provosts for the polytechnics, subject to the ratification of the Universities’ Councils.

The minister also added that this new arrangement will mean that polytechnics will only award the National Diploma (ND), while students interested in furthering their education will be awarded the Bachelor of Technology (B. Tech) by the proximate university.

He stated that the two top polytechnics, Yaba College of Technology and Kaduna Polytechnic will now be named City University of Technology, Yaba and City University of Technology, Kaduna respectively.

The FEC, to confirm this decision, has approved the submission of the two Executive bills to the National Assembly for enactment into law.
Join our BBM channel for instant updates : C0030863D

Comments

Post a Comment

Popular posts from this blog

Alert: Naira Gains A Massive 5% Against the Dollar

The exchange rate rebounded on Friday to close at N308 at the official interbank market. The local currency gained about 5.2% reversing the N325 it closed with on Thursday. According to reports, the gains was mostly due to a sale of forex by the Central Bank of Nigeria providing enough liquidity to meet the demand currently in the market. The naira has closed at an all time low of N364 to the dollar on Thursday following a surge in demand. The central bank has been selling dollars almost daily to boost liquidity and support the naira. Join our BBM channel for instant updates : C0030863D
Post a Comment
Read more

Collapsed banks in Ghana recovered only $142 million out of $2 billion loans, Bank of Ghana Governor reveals.

The Governor of the Bank of Ghana, Dr Ernest Addison says out of the $2 billion (GHS10.1 billion) worth of loans taken by the receivers of some nine banks which collapsed in the country, only $142 million (GHS731 million) has been received. The Governor of the Bank of Ghana (BoG), Dr Ernest Addison The nine banks were UT Bank, Capital Bank, Sovereign, Unibank, Construction Bank, The Royal Bank, Heritage Bank, Premium Bank and Beige Bank. According to him, the receivership process has been painstakingly slow with other loan defaulters and shareholders of the defunct banks engaging in frivolous legal cases to sabotage the process. “The process has progressed slowly as out of the total loans of $2 billion (GH¢10.1 billion) taken over by the Receivers, total recoveries so far is in excess of $142 million (GH₵ 731 million) and this has been achieved through loan repayments by customers; repayment of placements; sale of vehicles; liquidation of bonds; and from...
Post a Comment
Read more

SEC to end issuance of e-dividend warrant by June 2017

The Securities and Exchange Commission (SEC), has directed all registrars operating in the Nigerian capital market to end the issuance of e-dividend warrant to investors by June 31, 2017. This, according to the commission, will compel retail investors to embrace the exercise and stem the rising unclaimed dividend in the capital market, which is currently put at N80 billion. E-dividend is an electronic dividend payment which will enable an investor’s account to be credited after 24 hours that dividend is paid. The Director General of SEC, Mounir Gwarzo, while addressing journalists during the post Capital Market Committee (CMC), second quarter press briefing, held in Lagos yesterday, bemoaned the low level of patronage on e dividend registration in the market, noting that only 6,000 investors have accessed the platform. To encourage more participation in the exercise, the SEC boss explained that the CMC has agreed that all banks should...
Post a Comment
Read more