A dark cloud of financial uncertainty looms over the University of Nairobi which threatens to cripple operations and possibly force a shutdown of the higher learning institution in the next coming months.
The dire situation reliable sources confirm, has been compounded by a number of factors; to include: the completion of the University of Nairobi tower; a flagship project of the institution which has over time drained the institutions coffers, the strike notice issued by the Universities Academic Staff Union (UASU) which has since the beginning of the year significantly reduced the number of module 2 admissions and thereby fees collection, a broke government unable to intervene to salvage the situation and possibly in future if approved, a reduced budgetary allocation of up to Ksh1.7 Billion and reduced faculty admissions in light of the Cabinet Secretary for Education Dr. Fred Matiangi led policy initiatives which has seen few qualify to join universities. As it stands the institution seems unable to top up the Ksh150 million it normally requires to pay salaries; a figure that is likely to shoot up to Ksh400 million in July 2017. Among the raft of measure the institution hopes to employ to keep it afloat include the now so ubiquitous laying off of staff.
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