COVID-19: Private School Owners Seek Revolving Loan


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Private School owners have appealed to the Federal Government to facilitate a revolving loan scheme for them at a reduced interest rate to cussion the effects of COVID-19.

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They made the appeal under the aegis of the Association of Private School Owners of Nigeria (APSON).

In a letter, APSON urged that the loan should be with  a single-digit interest rate and  provide at least a five -year interest free moratorium.

It also requested for a stimulus package for private school teachers to enable them and their immediate families to survive the economic hardship caused by COVID-19.

The letter addressed to the Minister of Education was  entitled: “Request for Stimulus Package for Private School Owners and Teachers”.

The letter was signed  by Dr Godly E. Opukeme, National President of the association, Alhaji Abdur-rahman Marafa, National Secretary, and Bishop Emmanuel Elakhe, National Director of administration.

The association said that   the appeal became necessary due to disruptions and redundancies caused by the COVID-19 pandemic and indefinite closure of non-essential businesses including private and public schools.

“The plights of teachers in private schools  – secondary, primary and kindergarten – have been exacerbated by the inability of most proprietors to meet their financial obligations.

“Private school owners which are the second largest employer of labour in Nigeria’s private sector remain irrevocably committed to the Nigerian project.

“Private teachers unlike their counterparts in public sector who enjoy seamless allowances and monthly emoluments have been subjected to public ridicule arising from failure to pick up accumulated bills since the outbreak of the pandemic.

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

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