Olabisi Onabanjo University (OOU) has generated over
N1.036bn between January and June this year, while Tai Solarin University of Education (TASUED) also generated a sum of N1.011bn as revenue within same period, in their quest to meet the contemporary and future needs of the nation through training of students to enable them compete favourably with their counterparts across the globe.
Vice Chancellor of the institutions, Prof. Ganiu Olatunde and Prof. Abayomi Arigbabu, said this during the ongoing 2020 budget assessment of the institutions before members of the State House of Assembly Committee on Education, Science and Technology, led by Hon. Ademuyiwa Adeyemi, at the Assembly Complex, Oke-Mosan, Abeokuta.
Prof. Olatunde, who was represented by the Deputy Vice Chancellor (Academics), Prof. Deji Agboola, said the revenue was generated from different sources including; tuition fees, contractors’ registration fees, transcripts, acceptance fees, rent of university’s properties, grants and subventions among others.
He listed on-going projects in OOU within the period to include; construction and furnishing of Faculty of Science building, Social Science building both at Main Campus, Architecture building at Ibogun Campus, Agricultural Science building at Ayetoro, Anatomy/Mobil building, as well as the Animal House building at Sagamu Campus.
On his part, the Vice Chancellor, TASUED stated that the institution got N277.8m from internally generated revenue and N733.2m from Grants and Aids from the State Government and Tertiary Education Trust Fund (TETFUND), with a total of N346.4m expended on capital projects on the school campus.
The construction, according to him included; the University Health Centre extension, College of Vocational and Technical Education Building, Post Graduate School Building, Smart Classroom Building, Home Economics Laboratory, College of Science and Information Technology Laboratory among others.
Other tertiary institutions that had their 2020 budget appraised by the lawmakers were Gateway Information and Communication Technology Polytechnic, Saapade, Abraham Adesanya Polytechnic, Ijebu-Igbo and College of Health Technology, Ilese.
Head, Information Unit, OGHA