Why govt alone can’t fund education – Ajibefun
By Bukola Olamona
For a functional education to be guaranteed, stakeholders in the sector must deem it fit to partner with government at all levels
The Vice Chancellor of Adekunle Ajasin University, Akungba Akoko, Prof Igbekele Ajibefun made this known during a press conference ahead of the institution’s 9th convocation.
Ajibefun who averred that government can not fund education alone, said all hands must be on deck if success is to be achieved in the sector, adding that education is capital intensive.
The VC while reacting to questions from Journalists on school fees hike, said it became imperative if quality standard was to be achieved, saying that the recent increment in the tuition of Adekunle Ajasin University had been long overdue as the old tuition had been unrealistic with the expected standard of university education.
He also disclosed that the institution will be churning out not fewer than 3,804 graduands, of which about 20 made First Class , emphasizing that finance was one of the major setbacks of his five years tenure at the institution which also clocked 20 years this year.
According to him:”Of the total figure for first degree, 20 candidates made First Class; 933 earned Second Class (Upper Division), 2,007 bagged Second Class (Lower Division) while 623 and 28 are in Third Class and Pass category respectively.
” The Institute of Part-Time Programmes, has 223 Graduands while the Institute of Education has 18 Graduands. Meanwhile, 140 candidates will be conferred with Masters, while 28 will be conferred with Postgraduate Diploma. A total of 16 candidates will be conferred with Doctor of Philosophy (Ph.D.) Degree”.
He said first degrees will be conferred on graduands in the Faculties of Arts, Education, Law, Science, Social and Management Sciences, Institute of Education and Institute of Part time Programmes, saying that Pastor Segun Olugboyegun will be conferred with the Doctors of Business Administration, Honoris Causa for his contributions to the development of the society
The VC also disclosed that the citadel of learning has partner with Solar Dantata as well as a German Company on solar power development by signing an Memorandum of Understanding (MoU) worth 5million dollars in order to raise the Internally Generated Revenue(IGR) of the institution
“Through this project the school will be able to generate four megawatts of electricity and our requirement is not more than two megawatts.