Fuel price hike: BUK offers soft loans to staff members, to procure bicycles for junior workers
Bayero University Kano, BUK, has rolled out palliative measures for staff and students to to cushion the current difficulties faced by Nigerians, following the removal of fuel subsidy in the country monitored by myschoolnews.
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This was disclosed by the Vice Chancellor of the University, Prof. Sagir Adamu-Abbas, during the University’s 56th Congregation meeting on Saturday.
According to a statement sent to DAILY NIGERIAN on Saturday, the vice-chancellor disclosed that millions of Naira had been allocated to University Cooperatives Committee to purchase food stuff and distribute to staff on a non-interest format, payable in 6 months.
The VC added that the University management had also concluded arrangement with the BUK Microfinance Bank to provide non-interest loan to staff to pay school fees to their children.
While assuring that the University would take the burden of interest, the vice-chancellor said the gesture would cushion the effect of increment of registration fees.
The Vice Chancellor added that staff could access the soft loan at any time and or would be revolving so that staff who face financial challenges could have money at any time they want.
On the issue of transportation, the vice-chancellor said there was an arrangement with the Kano State government to provid buses that would transport students from specified destinations to the university campuses and take them back at affordable rates.
“He said once finalised, Kanawa buses would start passing through the routes of BUK campuses,” the statement noted.
For junior staff, the VC said the university was negotiating to purchase bicycles to help the junior workers cushion the effect of hike in transportation fare.
“He said on many occassions, he witnessed staff trekking from Old Campus to New Campus, a distance of almost 10 kilometres,” the statement added.
Another palliative was waiving 8 months house rent to staff occupying the university’s houses.
He said those who paid during this period would be refunded.
“Vehicles would be allocated to transport staff to and from the university. Specific times would be allotted for staff. This would address many challenges,” the statement concluded.
