“We Spend N160m On Exams”: UNILAG VC Lists School’s Expenses, Justifies Fee Hike
- The Vice-Chancellor of the University of Lagos (UNILAG), Akoka, Folasade Ogunsola, has shed light on the increment in fees
- Ogunsola said universities in Nigeria are in desperate situations regarding the demand to produce quality graduates and having to do that with very limited resources
- The Vice-Chancellor noted that the university has introduced measures to ease students’ ability to pay the hiked fees
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Yaba, Lagos state - The University of Lagos (UNILAG) has revealed the institution spends over N1.7 billion annually on electricity bills.
At a virtual briefing on Saturday, September 9, Folasade Ogunsola, the varsity's vice-chancellor (VC), said even if the 35,000 student population of the university pays up the new rate, it would amount to about N800 million.
This, according to Ogunsola, is not enough to meet the electricity bill alone.
Source: Twitter
School fees: Increment inevitable, UNILAG VC
Per Premium Times, the students have been protesting the decision of the university to increase the payable fees from N26,000 and about N76,000 to between N120,750 and N240,250 respectively.
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The increment depends on the courses of study and levels.
Speaking on the development, Ogunsola stated that the increment in tuition fees became imperative to enable the institution to “deliver quality education”, TheCable reported.
The UNILAG’s VC said:
“Apart from the cost of power, I will give an insight into some of our expenses. We spend not less than N5,000 to verify results of each new student we admit. To conduct examinations across all faculties, we spend about N160 million annually. To accredit new programmes or even maintain the accreditation of others, we spend about N200 million every year.
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“Our hostels are ageing and need constant repair and maintenance, for that we spend about N500 million annually too. With the new rate, we can only generate about N800 million, we are pressed for finance.”
Ogunsola added that 'the error' was that the increment should have been allowed all these years and it would have been gradual.
UNILAG introduces instalment payment for students
In a piece of related news, Legit.ng reported that UNILAG introduced an instalment payment option for students following its recent fee increase.
The increment took effect from the first Semester of the 2023/2024 academic session.
The university management, in a statement sighted by Legit.ng, said the initiative followed various complaints by a cross-section of new and returning students of their inability to take advantage of the initiative.
Source: Legit.ng
