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The mining industry and government officials are expected to meet tomorrow to discuss possible financial interventions for the Namibian Institute of Mining and Technology (Nimt).
Earlier this month, Nimt sent a note to staff about possible layoffs and offered some of his 275 workers voluntary layoff due to financial problems.
Nimt also owes Arandis City Council for water, a gas station, and ErongoRED for electricity.
The meeting comes after NUA wrote to the Minister of Finance, Calle Schlettwein, about the situation of Nimt.
NUA also copied Mining Minister Tom Alweendo and Minister of Higher Education Itah Kandjii-Murangi
. Ministry of Higher Education and possibly officials of the Ministry of Finance. In his letter, NUA President Percy McCallum said that Nimt plays a major role in providing quality graduates to the mining industry, not only in Namibia, but also abroad [19659008] "We consider that it is imperative McCallum has provided figures to show that Nimt's financial crisis was caused by a reduction in his grant from the Namibia Training Authority (NTA) from about 25 Namibian dollars per student per year to Namibian $ 22,825
The scholarships for public vocational training centers are approximately N $ 75,000 per student per year.
In fact, Nimt's actual training cost is N $ 49,000 N $ 16,000 is covered by the loan from the Namibian Student Financial Assistance Fund and N $ 3,000 by students.
With subsidy reduced by NTA, Nimt loses $ 7,175 per student, about $ 26 million. a year for his
M. McCallum said the problems were exacerbated over the years, as the ANT grants were paid late, while the expenses were regular
"This made it necessary to create an overdraft facility and Nimt wastes He continued:
He added that the uranium industry regularly contributed to the Government's National Training Fund (NTF) in the form of levies for education and training. professional training, and the industry knew that the reserves "We can, therefore, respectfully ask your good office to consider the possibility of using the levies of national training funds to improve the situation to Nimt. And other vocational training centers to avoid layoffs and downgrading of the country's skill base.
"This suggestion is made taking into account Schlettwein and K andjii-Murangi were unsuccessful, but Alweendo, who confirmed receiving the letter, said Schlettwein and Kandjii-Murangi should consider the request. 19659019] "Nimt is worth holding, so help should be considered, but the decision is with higher education," said Alweendo yesterday
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