Education
UI Needs N30bn To Achieve World-Class Standard-VC
Vice Chancellor, University of Ibadan, Prof. Idowu Olayinka last Saturday said the university needed additional N30 billion in the next 10 years to achieve world-class standard.
Olayinka disclosed this at a news conference in Ibadan to showcase the University’s 70 years in existence.
“For us to be a world-class university, we need to invest heavily in physical and infrastructural facilities, to address the acute shortage of office space for staff, classrooms and laboratories.”
The VC said that the institution was exploring ways to make itself less dependent on government funding.
“We are adopting a two -pronged approach involving a resource mobilisation plan and prudent management of the available resources.”
According to the VC, elements of these include regular income from commercial activities and increasing the endowment fund, research grants and the strategic funds.
Olayinka said that other means would be to consolidate the businesses established by the university.
Such businesses include the UI Microfinance Bank, UI Ventures, UI Water, Animal Production Venture, Fisheries and Aquaculture, UI Publishing House, UI Endowment Fund and the UI Bookshop.
He said that the university was currently spending N13 Billion yearly.
The VC said departments are also being encouraged to engage in business -oriented consultancies and support collaboration with industry.
Olayinka said till date, the university produced 232,225 graduates in the last 70 years, and that many of the alumni of the institution now held high profile position in various segments of the economy, both locally and internationally.
“As at the end of last session, we had a total of 35,084 students, comprising 14,354 undergraduates, 9,287 distance learning and 11,443 post graduate students.
Outlining the programme of events for the 70th anniversary, Olayinka said the event would end by November 17, being the foundation day ceremony.
Other events will include, lecture series, Research, Developments and innovation fair, Kumar service, 70th convocation Church service and award of first degrees.
The VC said that the university would also recognise six people who distinguished themselves in the society with honorary awards.
They include Mr Bode Akindele, Prof. Bolanle Awe, Prof. Grace Alele Williams, Prof. Akin Maboguje, Dr Funmi Olapade and Prof. Omoniyi Adewoye.
Education
ETCHE COMMUNITY CRIES OUT FOR EDUCATIONAL RESCUE…..Urges Council boss to Revive Abandoned School
Education
FG Needs Assessment Committee Visits Bonny Poly
Education
Ken Poly honours lecturer for outstanding performance
-
News3 days agoNavy Destroys Illegal Refinery In Rivers, Intercepts Stolen Fuel In C’ River
-
News3 days agoYou’re The Backbone Of Our Society, Fubara Salutes Mothers On Mothering Sunday
-
Rivers3 days agoCounty Grammar School Old Boys Elect New Executive
-
Environment3 days agoIllegal Buildings On Embassies’ Land Will Be Demolished – Wike
-
Politics3 days agoHUNDREDS OF LATE BAYELSA DEP GOV’S KINSMEN DUMP PDP FOR APC
-
Politics3 days agoA’Court Voids Rep’s Sack Over Defection To APC
-
Politics3 days agoYou’re Misleading Nigerians, APC Slams ADC Over Poverty Rate Report
-
Niger Delta3 days agoLawyer X-rays Consequences Of Court Injuction Suspending INC Polls … As Diri Intervenes
