The Kenyan administration will no longer fund public universities and colleges, Education Cabinet Secretary Ezekiel Machogu now says.
Speaking on Saturday at the Dedan Kimathi University of Science and Technology in Nyeri County, CS Machogu said that the cutting-edge financial disaster affecting the institutions should be addressed to ease pressure on the government.
He accordingly entreated the public institutions of higher learning to include research, innovation, and science to generate their own profits on account that the State is on the verge of withdrawing its monetary support.
In Kenya, Education takes about 25.9 per cent and we have to locate other methods of creating and producing revenues for universities and they have to seem at different revenues, he said.
Quite a number of universities in Kenya are faced with economic troubles and we are encouraging that they must generate their personal profits due to the fact the exchequer as it is now is not going to continue funding more.”
The announcement by the education CS comes amid foremost universities across the united states of america dealing with strikes over lack of funds.
Universities Fund Chief Executive Officer (CEO) Geoffrey Monari currently stated the number of students qualifying for universities is growing every year and that it’s becoming unsustainable for the authorities to add financial allocation to assist the institutions.
‘’The funding requirement for 2022 cohort of 145,145 college students is Ksh.32.7 million whilst on hand dollars are Ksh.12.6 million.
“The incoming cohort is large than the graduates exiting by 52, 195 for this reason it’s expected that the funding necessities will increase,” cited Monari.
The CEO defined that the state of affairs has been made worse through the a hundred per cent transition for college students achieving a C plain and above which has led to increase in entry number to universities.
In 2019, about eleven universities were caught in a Ksh.9.7 billion tax evasion racket that threatened their closure.
Egerton University and Moi University are some of the pinnacle institutions which are grappling with a management disaster after lecturers laid down their equipment over pay cuts.
