The Pro Chancellor and Chairman of the Governing Council of Adekunle Ajasin University, Akungba Akoko, Dr. Tunji Abayomi has described as untrue, figures being circulated on the social media as the new fees for the institution.
Dr. Abayomi made the clarification at Stakeholders’ meeting with parents, students, community leaders and staff held at the Multi-Purpose Hall of the University.
The meeting was clarify issues following reports on the social media that the sum of N200, 000 had been fixed as the new fees to be paid by all students, as well as come up with an acceptable fees.
He however assured that the new fees, when unveiled, would be within the reach of parents and students, with affordable payment options.
Abayomi who reeled out the monies accrued to the university and expenditure, noted that there was a huge gap of N2.7b between total income and expense.
He said it has therefore become imperative to raise the school fees to save the Institution from collapse.
“When we take a look at the total income for the University and how much it spends in total, there is a huge difference of almost N3billion. That is certainly not sustainable. Since the vision of the government is to do her best to sustain the status of this institution as the mother university in the state, it thus becomes inevitable for both the government and parents to rally round and save the University.
“It is imperative for government to increase its subventions, while parents, students and staff members too must contribute their quota. Thus, there will inevitably be an increase in the fees payable by students of this Institution.
“We, as Council, will however put up measures to make payment of the coming fees regime easy for all. There will be options to pay by installments while efforts will be made to ensure the fees will be less than the rumoured N200, 000, which we know will be difficult for most parents to pay.” Abayomi explained
The Vice Chancellor, Prof. Igbekele Ajibefun, said the stakeholders’ meeting became inevitable because the poor economic situation of the country is obviously affecting all persons and institutions.
The VC said, “We are all aware of the present economic hardship that has held the country by the jugular since 2015 and has affected all sectors, persons and institutions, including our own University. Hence, a meeting of stakeholders became inevitable because of the need to deliberate on how we could lift the University out of economic doldrums.”
Many of the parents and students who spoke at the meeting appealed to the state government to consider the peasants and petty traders among them in arriving at a fixed amount that would be considerable.