Wigwe University yesterday said that its home students will pay their fees in naira, explaining that its decision for select dollar payment was a strategic one which aligns with its vision to attract a diverse and international student body.
![](https://thenigerialawyer.com/wp-content/uploads/2025/05/idrinstitute.png")
In a statement issued by the institution, Wigwe university noted that it respects the concerns raised by some members of the public, and was obliged to clear the air on the matter.
“The decision to list our fees in USD is a strategic one, aligning with our vision to attract a diverse and international student body. By utilising USD, a universally accepted currency, we aim to provide clarity and transparency for our prospective students from around the world. We want to assure our home students that they will pay their tuition fees in Naira.
“As a hub for intellectual growth, we are not just building individuals, but contributing significantly to the economic development and growth of Nigeria and Africa at large. The presence of international students at Wigwe University has a positive ripple effect on the local economy.
“The exposure to the rich cultural and entrepreneurial landscape of Nigeria creates a potential avenue for future investments and business collaborations. Furthermore, the influx of international students will boost our local economy by bringing in USD, this positive impact will gradually reduce capital flight from our economy,” the school explained.
Wigwe University said it was dedicated to fostering a global learning environment with a focus on excellence, innovation, and inclusivity.
It stated that the institution’s commitment to providing a world class education is reflected in its distinguished faculty, with over 35 per cent hailing from prestigious international institutions.
In addition, Wigwe university said its state-of-the-art infrastructure rivals the best institutions globally, with its campus equipped with modern facilities, smart classrooms, cutting edge laboratories and comprehensive research centres.
It stressed that it has spared no expense in creating an environment that nurtures creativity, collaboration, and critical thinking among its students, pointing out that the entire design of the institution is intentional, to nurture fearless leaders that will one day transform Africa.
“We respect the concerns raised by some members of the public, and we are obliged to clarify this subject. Wigwe University operates with the utmost respect for national regulations and guidelines.
“Wigwe University views education as a powerful tool for societal transformation. In seeking the best international faculty, we must also prioritise our Nigerian faculty ensuring appropriate and competitive remuneration packages.
“We are not only enriching academic experience within our institution but also contributing to the larger narrative of nation-building,” it added.
Wigwe University said it values the feedback from its community and remains committed to open dialogue.
The school encouraged those with concerns to reach out to it directly, as their input is invaluable in shaping the ongoing development and success of the institution.
However, critics counter that the excuse does not justify contravening Nigeria’s legal tender status for the naira. They contend that since the schools operate within Nigeria, all charges should strictly be in the local currency. According to one analyst, “Naira is the only recognized legal tender in Nigeria. Charging in dollars violates that status.”
Some also slam claims that dollar charges merely reflect the naira equivalent, arguing that periodic review would achieve the same purpose without flouting the currency law. One commentator said, “Rather than break the law, the schools can review and update naira fees regularly to account for the value erosion.”
The practice has raised questions around enforcing currency rules as well as fair pricing methods by players in vital sectors like education. With the naira expected to remain under pressure, analysts predict further scrutiny of potential violations by institutions trying to maintain profits and cut currency losses.
“History of Rivers State Judiciary: A Compendium of Personalities on the Bench.” Authored by Ampim Gogo Blankson, Esq., Deputy Director at the Rivers State Ministry of Justice, in collaboration with the Rivers State Judiciary
💰 Cover Price: ₦20,000.00 (Twenty Thousand Naira)
Bukky Law Books, Rivers State High Court Complex, Moscow Road, Port Harcourt – 📞 08034868754📞 08034729738📞 Enquiries:
______________________________________________________________________
Alexander Payne Co. Law Reports
Contact & Orders 📞 0704 444 4777 | 0704 444 4999 | 0818 199 9888 🌐 www.alexandernigeria.com
______________________________________________________________________
The books are available for purchase at:
Online: www.educodex.com | www.selar.com | www.amazon.com | www.mikeozekhome.com
Enquiries: +234 704 044 9375 | +234 814 813 4773 | +234 816 872 3532
Email: educodexl@gmail.com
______________________________________________________________________
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
