UI needs 1.8Billion, Gets N150 Million Annually - VC
The Vice Chancellor, University of Ibadan, Professor Idowu Olayinka has stated that the university needs N1.8 billion annually for effective and efficient running of the institution.
However, while speaking with newsmen in Ibadan on the on-going strike by the non-teaching staff of the institution, he disclosed that the university
receives about N150 million only from the federal government which was inadequate for effective management.
Olayinka, who called on the federal government to consider the premier university for special intervention fund to be able to meet its mandate of teaching and research effectively, added that funding the university for research would be of great benefit to the country.
He stated that the university can proffer solutions to most problems facing the country if it is funded adequately and patronised by government for policy inclined researches.
He appealed to the government to pay all outstanding shortfalls owed the university to guarantee peace and enhance productivity among staff.
Olayinka acknowledged, with gratitude, the receipt of N422 million shortfall of salary arrears from the federal government for January through April this year.
It would be recalled that the three non-teaching staff unions in the university had commenced strike on the 29th July to protest unpaid shortfall of arrears from January till July and non-payment of what they called hazard allowances.
But the Vice Chancellor stated that his administration had been transparent about the true state of the institutions' finances, maintaining that while the institution needed about N880 million monthly, it receives only N782 million from the federal government, for the payment of staff salaries.
"From January till date, the federal government has been giving us N782 million monthly faithfully whereas we needed about N880 million. So we have a shortfall of almost N100 million monthly. "Of course this can fluctuate slightly monthly depending on whether some members of staff have proceeded on leave of absence or some others had just returned from such leave.
As soon as the money comes we hold meeting with the four staff unions in the institution as well as the leader of the various cooperative societies in the interest of transparency and accountability.
"So if what we needed was N880 million and we got N782 million, it translates to about 90 per cent and this was what we have been paying to each member of staff across the board, he added".
The Vice Chancellor, University of Ibadan, Professor Idowu Olayinka has stated that the university needs N1.8 billion annually for effective and efficient running of the institution.
However, while speaking with newsmen in Ibadan on the on-going strike by the non-teaching staff of the institution, he disclosed that the university
receives about N150 million only from the federal government which was inadequate for effective management.
Olayinka, who called on the federal government to consider the premier university for special intervention fund to be able to meet its mandate of teaching and research effectively, added that funding the university for research would be of great benefit to the country.
He stated that the university can proffer solutions to most problems facing the country if it is funded adequately and patronised by government for policy inclined researches.
He appealed to the government to pay all outstanding shortfalls owed the university to guarantee peace and enhance productivity among staff.
Olayinka acknowledged, with gratitude, the receipt of N422 million shortfall of salary arrears from the federal government for January through April this year.
It would be recalled that the three non-teaching staff unions in the university had commenced strike on the 29th July to protest unpaid shortfall of arrears from January till July and non-payment of what they called hazard allowances.
But the Vice Chancellor stated that his administration had been transparent about the true state of the institutions' finances, maintaining that while the institution needed about N880 million monthly, it receives only N782 million from the federal government, for the payment of staff salaries.
"From January till date, the federal government has been giving us N782 million monthly faithfully whereas we needed about N880 million. So we have a shortfall of almost N100 million monthly. "Of course this can fluctuate slightly monthly depending on whether some members of staff have proceeded on leave of absence or some others had just returned from such leave.
As soon as the money comes we hold meeting with the four staff unions in the institution as well as the leader of the various cooperative societies in the interest of transparency and accountability.
"So if what we needed was N880 million and we got N782 million, it translates to about 90 per cent and this was what we have been paying to each member of staff across the board, he added".
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