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Tuesday, 9 October 2018

EFIWE GISTS: UI Has Produced 232,225 Graduates Since Inception - Vice Chancellor, Prof. Idowu Olayinka


Professor Abel Idowu Olayinka has announced the statistics of graduates that the University of Ibadan has produced so far. He said 232,225 graduates have been produced from the Nigeria’s premier University since inception.
According to the him, “many of the alumni of the institution hold or have held high profile positions in various segments of the economy, both locally and internationally.”
He disclosed further that “as at the end of last session, we had a total of 35,084 students, comprising 14,354 undergraduates, 9,287 distance learning and 11,443 post graduate students,” stating that honorary award will be given to some individuals in the society. The distinguished personalities include Bode Akindele, Bolanle Awe, Grace Alele Williams, Akin Maboguje, Funmi Olapade and Omoniyi Adewoye, who are all Professors except Dr. Ms Olapade.
In order for the institution to make itself independent so as to meet the world class standard, the institution, according to the Vice Chancellor will improve on its internal revenue generator which involves “regular income from commercial activities and increasing the endowment fund, research grants and the strategic funds”. Other means to support the present source of the institution would also be established by the university including “UI Microfinance Bank, UI Ventures, UI Water, Animal Production Venture, Fisheries and Aquaculture, UI Publishing House, UI Endowment Fund and the UI Bookshop”.
“Presently the institution’s subvention is about N13 billion, which is a far cry from what is needed to maintain the institution. Out of this N13 billion, salaries are paid, electricity bills which run to millions of naira is paid, water and health care are provided among other things”.
“If the premier University is properly funded, within a shortest possible time, it would be among the top five in Africa and top 100 in the world,” he said.

Source: AgroPress UI

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