School owners seek 5-year interest free loan to cushion COVID-19 effects

The Association of Private School Owners of Nigeria (APSON) has urged the federal government to assist its members in facilitating a revolving loan scheme at “highly reduced single rate with at least five-year interest free moratorium”.

The association said the appeal became necessary arising from the disruptions and redundancies caused “by the coronavirus (COVID-19) pandemic and indefinite closure of non-essential businesses including private and public schools, which come with life-threatening pains”.

It also requested for stimulus package for private schools teachers to enable them and their immediate families survive the economic hardship and experience in the post COVID-19 era.

This was contained in a letter addressed to the Minister of Education and titled: “Request for Stimulus Package for Private Schools’ Owners and Teachers”.

According to the letter which was endorsed by  Dr. Godly E. Opukeme, National president of the association and two others, the proprietors said: the plights of teachers in private schools, comprising secondary, primary and kindergarten have been exacerbated by the inability of most proprietors to meet the financial obligation.

The proprietors said private school owners which are the “second largest employer of labour in Nigeria private sector” remain irrevocably committed to the Nigerian project.

The association also said: “private teachers unlike their counterparts in public sector who enjoy seamless allowances and monthly emoluments have been subjected to public ridicule arising from the failure to pick up accumulated bills since the outbreak of the pandemic in February 2020.

“If our request is considered, such a stimulus package will therefore assist private school owners overcome the challenges and keep their teachers in business, pay annual renewal fees, dues, rates and rent.” 

Leave a Reply