The Vice Chancellor of the University of Ibadan, Professor Idowu Olayinka on Saturday stated that the institution needed about Thirty billion naira in the next ten years to achieve world class standard.
The Prof. disclosed this at a news conference in Ibadan to showcase the existence of the University @ 70.
“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.”
“We are adopting a two-pronged approach involving a resource mobilization plan and prudent management of the available sources,” Olayinka said.
According to Prof. Olayinka, other means would be to consolidate the businesses established by the university which include the UI Microfinance bank, UI Ventures, UI Water, Animal Production Venture, Fishery and Aquaculture, UI Publishing House, UI Endowment Fund and UI Bookshop as the institution is currently spending N13 billion yearly.
The VC talked about the graduated students of the institution, he said till date, the university has produced 232,225 graduates in the last 70 years.
“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 postgraduate students,” he added.
According to the VC, the program of events for the 70th anniversary will end by November 17, 2018 which will be the foundation day ceremony.
According to Pulse.ng, the university would recognize 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.
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