OOU, TASUED Generate Over N2bn In 6 Months - THE DAILY CRUCIBLE



Tuesday, July 28, 2020

OOU, TASUED Generate Over N2bn In 6 Months


 - The Daily Crucible

The state - owned Olabisi Onabanjo University (OOU), Ago - Iwoye, has generated over N1.036bn between January and June this year as Internally Generated Revenue(IGR), while its counterpart, Tai Solarin University of Education(TASUED), also garnered an IGR  of N1.011bn within the same period.

The IGR drive by the universities is borne out of the quest to continually  meet the contemporary and future needs of the state and the nation through teaching, research, manpower training and Community service.

The Vice Chancellors of OOU, Prof. Ganiyu Olatunde,  and Prof. Abayomi Arigbabu (TASUED) disclosed this on Tuesday during the ongoing  2020 budget assessment of the  two institutions before Hon. Ademuyiwa Adeyemi - led members of the State House of Assembly Committee on Education, Science and Technology.

Olatunde, who was  represented by the Deputy Vice Chancellor  (Academics) Prof. Deji Agboola, said the revenue was generated from different revenue sources, including tuition fees, contractors' registration fees, transcripts, acceptance fees, rent from university's properties, grants and subventions among others.

He listed ongoing projects in OOU within the period to include construction and furnishing of Faculty of Science  building, that of the Social Science building both at the Main Campus and  that of the Architecture building located at Ibogun Campus.

Others, Prof. Agboola, added include the Agricultural Science building at Ayetoro,  Anatomy/ Mobil buildin and the Animal House building at the Obafemi Awolowo College of Health Science(OACHS), Sagamu Campus.

On his part, the Vice Chancellor of TASUED, Prof. Abayomi Arigbabu,  stated that the institution garnered N277.8m from IGR and N733.2m from Grants and Aids from the State Government and TETFUND, with a total of N346.4m expended on capital projects on the school campus.

He identified 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 as the projects executed by the institution.

Other tertiary institutions that had their 2020 budget appraised by the lawmakers are Gateway ICT Polytechnic, Saapade, Abraham Adesanya Polytechnic, Ijebu-Igbo and College of Health Technology, Ilese.

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