Electricity Tariff Threatens Collapse of Nigerian Universities by 2025, Says Elizade University VC

Professor Kayode Ijadunola, Vice-Chancellor of Elizade University, Ondo State, has warned that Nigeria's university system risks collapse by 2025 due to surging electricity costs.

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Electricity Tariff Threatens Collapse of Nigerian Universities by 2025, Says Elizade University VC

The Vice-Chancellor of Elizade University, Ondo State, Professor Kayode Ijadunola, has issued a stern warning regarding the imminent collapse of Nigeria's university system if the escalating costs of power supply are not urgently addressed by the government.

During a press briefing for the university’s 8th and 9th combined convocation ceremony, Professor Ijadunola highlighted the financial strain universities face due to the tripling of electricity costs over the past 18 months under President Bola Tinubu’s administration. He emphasized that the university system’s very survival is at risk if these power issues remain unaddressed.

The Vice-Chancellor attributed much of the financial burden to the transition to the Band A electricity billing system introduced by the distribution companies, which he described as the “greatest challenge” to Nigeria’s higher education institutions. He disclosed that the cost of monthly electricity bills had become nearly unmanageable, with power supplies remaining erratic and inconsistent across campuses nationwide.

“Many universities are forced to rely on diesel-powered generators for backup power, further inflating operational costs to unsustainable levels,” Professor Ijadunola stated, adding that without government intervention, the power challenges could force institutions to shut down by 2025.

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Elizade University Prepares for Combined 8th and 9th Convocation

Despite the challenges, Professor Ijadunola announced the university’s readiness for its upcoming 8th and 9th convocation ceremony, during which a total of 484 students will graduate. He reported that the graduates include 51 first-class recipients and 196 in the second-class upper division.

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The breakdown of graduates spans multiple programs, with 228 students from the 2022/2023 session and 256 from the 2023/2024 session set to receive their Bachelor’s degrees. Additionally, 74 postgraduate degrees will be conferred, comprising 16 Postgraduate Diplomas, 51 Master’s degrees, 2 Master of Philosophy degrees, and 5 Doctor of Philosophy degrees.

For the first time, the university will also confer honorary doctoral degrees to two distinguished Nigerians, including renowned philanthropist Mrs. Folorunsho Alakija, recognized for her outstanding contributions to society.

As the convocation ceremony approaches, the Vice-Chancellor’s warning underscores the pressing need for government support in addressing the power crisis facing Nigerian universities.