By Gbenga Ariyibi
Authorities of theÂ University of Ado Ekiti (UNAD) has announced a 400 percent hike in school fees for the new students, whichÂ the Vice-Chancellor of the institution, Prof Dipo KolawoleÂ said the increment is the only option left for the university to survive.
With the new fee regime, students in Arts, Social Science are expected to pay N90,000, Law, Management, Engineering would pay N120,000, while Medical students are required to pay N200,000, against the sum of N19,500 and N21,500 hiterto paid by the students.
With the new payment regime, the university has cancelled the dichotomy earlier existing between the students, in terms of payment by indigenes and non-indigenes, as the university now expects all students, irrespective of the state of origin to pay equal amount of money as school fees.
Speaking withÂ newsmen yesterday, the Vice-Chancellor noted that the step was taken by the Governing Council of the institution to give the University a befitting outlook.
Kolawole pointed out that the step became imperative following the dwindling monthly subvention from the State Government occasioned by the global economic recession.
The VC noted that the hike was not his making, as theÂ subvention coming from the state government was not enough to meet the challenges currently facing the university.
Kolawole, who took the newsmenÂ roundÂ the facilities in all the faculties in the university, stating that most of the buildings and some of the ongoing projects within the campus were financed through the internally generated revenue.
“We have not be so lucky in terms of people making a pledge of assisting the university and fulfiling it. But for very few Nigerians like Chief Afe Babaloba, Alhaji Mustafa and late Lawrence Omolayo who had assisted the university. We thought we have to look inward and stop relying solely on the monthly subvention from the state government.
He regretted the development and said the action was justifiable and reasonable in order to set the institution on a good footing of infrastructural development.
The Vice-Chancellor, however, advised those who could not afford the fee to look elsewhere for their admission, noting that the propective students had an option of going to their second choice universities.