EKSU State University has concluded plans to her destiny in her hands to ensure financial abundance, create wealth and eliminate over dependence on State government subvention.
This was the major point of discussion at the three day Internally generated Revenue, IGR Summit which was held at the 3,000 Seater Auditorium on the University Campus.
The IGR Summit with the theme “Resources Mobilization for Increased IGR”, had in attendance representatives of Nigeria Universities including OAU, Ile-Ife, University of Bennin, Olabisi Onabanjo University, Ago Iwoye, and University of Ibadan.
The Former Registrar of the Obafemi Awolowo University, OaU, Ile-Ife, Mr. Ayo Ogunruku, delivered the lead paper titled: “Structure and mode of Resources Mobilization in a Tertiary Institution: A Model for success” while the Vice-Chancellor of Olabisi Onabanjo University, Ago Iwoye, Prof. Saburi Adesanya delivered a paper titled “Blocking Financial Leakages in a University System”. The Former OAU Registrar said EKSU must adopt courses and disciplines that are easilymarketable and increase its linkage programmes.
The Vice-Chancellor, Prof Sam Oye Bandele on his address said his vision is to make every Faculty, department and units in EKSU to beviable IGR base, turning ideas skills and knowledge to wealth with entrepreneurial spirit.
Prof. Bandele said a vigorous IGR drive will see increase in enrolment to affliate, sandwich, regular programme, Part-Time-programme, distance Learning, two year degree conversion for HND Holders as well as adult working class. There were several other papers from the Deansof faculties on review of existing IGR drives and action plans towards making more money for the university.
The Lead Speaker, Mr. Ayo Ogunruku said Harvard University in the United States make over thirty Billion dollars yearly from endowment with greater financial participation from the Alumni body who plough a
lot money back to the institution.
Mr. Ogunruku said this is the way to go for EKSU, adding that EKSU must identify its strength areas and must be able to diversify to economic areas that can generate money but most importantly develop an attractive image and rebrand to compete globally.
He said EKSU will learn from top Universities across the world who earns a lot from donations from Philanthropists and alumni citing the example of Yale University which realized 21.3 million dollars or 6.3
billion naira from its alumni in 2015 alone.
The Vice-Chancellor said he hope the Summit will evaluate the current practices and resources and advise the University accordingly.
Prof. Bandele added that to achieve the target, participants, must cooperate, contribute, collaborate and show commitment to the vision of the Management