Ogun State University has generated over N1.036bn between January and June this year, while its Tai Solarin University of Education counterpart 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 the training of students, who could compete favourably with their counterparts across the globe.
The Vice Chancellor of the institutions, Prof. Ganiu Olatunde and Prof. Abayomi Arigbabu, said this during the ongoing 2020 budget assessment of the institutions before the members of the State House of Assembly Committee on Education, Science and Technology led by Hon. Ademuyiwa Adeyemi at the Assembly Complex, Oke-mosan.
On his part, Olatunde, represented by the Deputy Vice Chancellor (Academics) Prof. Deji Agboola, said that the revenue was generated from different revenue sources including tuition fees, contractors’ registration fees, transcripts, acceptance fees, rent of university’s properties, grants and subventions amongst others.
He listed ongoing projects in OOU within the period to include construction and furnishing of Faculty of Science building, that of Social Science building both at Main Campus, while that of Architecture building was at Ibogun Campus, Agricultural Science building at Ayetoro, Anatomy/ Mobil building as well as the Animal House building at OACHS Sagamu Campus.
On his part, the Vice Chancellor of TASUED noted that the institution got N277.8m from internally generated revenue 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.
The construction included a 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 amongst others.
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.