Ijebu Ode (Ogun) – Prof. Oluyemisi Obilade, the Vice-Chancellor, Tai Solarin University of Education, Ijebu Ode, Ogun, on Friday said the institution generated N1.3 billion revenue between January and August, 2015.
Obilade made this known in Ijebu Ode while briefing member of Ogun House of Assembly’s Committee on Education, Science and Technology who visited as part of their oversight activities.
She said that the collected revenue represented 65.8 per cent of N2 billion expected to be generated by the institution for the year.
She said that the amount was generated from contractors’ registration fees, tuition fees, examination fees, acceptance fees, sales of bills of entries, payment for transcripts and certificates and miscellaneous receipts.
Obilade disclosed that N800 million was earmarked for capital projects in the school during the year, adding that N575 million of the amount had been released.
She said that the institution had business ventures, including block industry and paint production factory, which were contributing to the university’s revenue profile.[pro_ad_display_adzone id=”70560″]
“Staff members of the school have been enjoying some of the benefits of these factories without having to source for housing loan from banks,” she said.
The vice-chancellor also said that the institution was in discussion with an institution in the U.S for exchange programme in areas the institution had excelled.
She said that the programme would include exchange of students between the two institutions.
She also told the committee that a financial institution donated over 200 laptops to the university as part of its corporate social responsibility to educational institutions in the country.
Responding, Chairman of the committee, Mr Oludotun Fasanya, commended the management of the institution on revenue generation but called for improvement on the effort.
Fasanya advised the institution to harness its potential, being a university of education, by creating refresher courses for educationists and teachers in the state and the country.
The News Agency of Nigeria (NAN) reports that the committee also visited Abraham Adesanya Polythecnic, Ijebu Igbo. (NAN)