By Milcah Tanimu
Wigwe University, envisioned by the late Herbert Wigwe, former CEO of Access Holdings Plc, has unveiled its tuition fees and introduced a premium accommodation option priced at N1 million per month.
Scheduled to commence operations in September 2024, the institution is situated in the tranquil setting of Isiokpo within the Ikwerre Local Government Area of Rivers State. It aims to provide a diverse range of academic programs across four colleges.
These colleges include the College of Management and Social Sciences, the College of Art, the College of Science and Computing, and the College of Engineering.
The Cost of Tuition Fees
According to information on the university’s website, the College of Arts boasts the most economical fees, totaling N9.6 million. Conversely, the Colleges of Engineering, Management and Social Sciences, and Science and Computing each require a combined total of N11,998,800.
These fees cover various essential components such as tuition, books, laboratory supplies, personal protective equipment, project lab resources, E-learning materials, health insurance, student membership of professional associations, as well as student activities and facilities maintenance.
Accommodation Expenses
In addition to tuition fees, the university website outlines accommodation expenses.
A standout option is the luxury single accommodation plan, commanding a monthly fee of N1 million. Other accommodation choices range between N3.5 million to N3,845,000 per session.
Economic Implications
The establishment of the university is expected to boost local spending. Students, staff, and visitors will contribute to the local economy through expenditures on housing, food, transportation, and entertainment.
Furthermore, the operational requirements of the university will generate various job opportunities, spanning from academic positions to administrative and support roles. Additionally, indirect job creation will occur through businesses catering to the university community, such as cafes, bookstores, and housing providers.
