The West African Examination Council (WAEC) has offered the Minister of Finance, Mrs. Kemi Adeosun, free form to resit her mathematics exams after a major goof during budget defence at the National Assembly last week.
During the defence, she alleged that one of the exams body in the country made N16 billion from sale of forms and other services, and got additional N6billion from the federal government bringing the total to ‘N24billion’ yet remitted onlyN2million to the federation account.
Responding to the allegation, the registrar of WAEC Dr. Iyi Uwadiae, not only faulted the minister on the allegation, but also offered her chance to have another go in maths given the poor summation of the figures.
Uwadiae said: “It’s not enough to go to the Senate and reel out figures. The minister should know, that what Nigerian students pay to sit for WAEC examinations is simply an operational/management cost, that covers registration, data keeping and management, printing of examination papers, logistics, marking of scripts and production of certificates. And all these cost about N16 billion Naira.
“WAEC examination is not designed as a revenue generating source for the Federal Government. In fact governments in the past subsidized the examination fees, just to encourage education. The N6 billion she talked about is for payment of salaries and overheads for staff of the council.“
However, we do not know the mathematical formula the Honourable Minister used, when she said the summation of N16 billion Naira and N6 billion Naira was N24 billion Naira.“I think somebody needs to resit her WAEC mathematics examination. And we in WAEC have offered to give her a free WAEC form in this respect.”
Credit : The Nigerian Times
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During the defence, she alleged that one of the exams body in the country made N16 billion from sale of forms and other services, and got additional N6billion from the federal government bringing the total to ‘N24billion’ yet remitted onlyN2million to the federation account.
Responding to the allegation, the registrar of WAEC Dr. Iyi Uwadiae, not only faulted the minister on the allegation, but also offered her chance to have another go in maths given the poor summation of the figures.
Uwadiae said: “It’s not enough to go to the Senate and reel out figures. The minister should know, that what Nigerian students pay to sit for WAEC examinations is simply an operational/management cost, that covers registration, data keeping and management, printing of examination papers, logistics, marking of scripts and production of certificates. And all these cost about N16 billion Naira.
“WAEC examination is not designed as a revenue generating source for the Federal Government. In fact governments in the past subsidized the examination fees, just to encourage education. The N6 billion she talked about is for payment of salaries and overheads for staff of the council.“
However, we do not know the mathematical formula the Honourable Minister used, when she said the summation of N16 billion Naira and N6 billion Naira was N24 billion Naira.“I think somebody needs to resit her WAEC mathematics examination. And we in WAEC have offered to give her a free WAEC form in this respect.”
Credit : The Nigerian Times
TUPAC SHAKUR is 100% Alive http://www.genesisnollywood.blogspot.nl/2016/02/after-nearly-18-years-tupac-shakur-now.html?m=1
You remember the new masquerade? If yes, you should remember Tony Akposheri. Click to get details http://www.genesisnollywood.blogspot.nl/2016/01/tony-akposheri-unveiled-urhobo-well.html?m=1
Who is this new Queen of Nollywood called Genevieve Nene? Find out on http://www.genesisnollywood.blogspot.nl/2016/01/genevieve-nene-speak-out-i-dont-think-i.html?m=1
And what is Anita Joseph up to? Find on http://www.genesisnollywood.blogspot.nl/2016/01/anita-joseph-nollywood-screen-goddess.html?m=1
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Do you like Gist, Sport, Relationship & Celebrity Gossips? Do you want to be the first to know? Click HERE http://www.genesisnollywood.blogspot.com/ and http://www.genesisnollywood.blog.com/ to Subscribe. Please always make your comment, like us on Facebook http://www.facebook.com/genesisnollywood and our Page: Afe Theoz Ben Entertainment Network. Add us on BBM PIN: 287FA6E4 Send your stories and gist to genesisnollywood@yahoo.com. For advertisement on this blog, contact me on +2348035655009 @theophilusafe
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