ANISH CHAND
Picture: FILE
The Fiji National University (FNU) recorded a revenue of $173.1 million in 2019, the bulk of which was derived from Government’s Tertiary Scholarships and Loans Board (TSLB).
According to its annual report for 2019 that was tabled in Parliament last week, the second half of 2019 was dominated by the slowdown in the Fiji economy and the knock-on impact on tax revenues and the capacity of the Government to fund the university’s operating and capital programs.
“Of the university’s revenue of $173.1m in 2019, $61.4m (35.5 per cent) came in the form of government operating grant and a total of $73.1m (42.2 per cent) came from student tuition and hostel fees.”
Copperbelt University (CBU) Vice Chancellor Nason Ngoma has disclosed that University workers will start receiving their salaries today following the release of the funds by government last week.
In an interview in Kitwe today, Professor Ngoma said government released the money last week and all bank paper work has already been done for workers to start receiving their salaries.
Professor Ngoma said the workers know the process when government releases funding before they can finally start receiving their money.
“Going round holding press briefings and giving half-truths to the media is not good, you know when money is released from Ministry of Finance, it goes to the Ministry of Higher Education and part of that money goes to the Loans Board which in turn sends it to us, and then the bank processes are done, if all things being equal, those with the Zambia National Commercial Bank will begin receiving their money today,” Professor Ngoma explained.