UI Faces N280 Million Monthly Electricity Bill as IBEDC Plans Band A Transition
The University of Ibadan is facing a substantial increase in its monthly electricity bill, projected to rise to N280 million due to plans by IBEDC to move the institution to Band A tariff rates.
Chris Oyeoku Okafor 
The University of Ibadan (UI) is set to grapple with a staggering monthly electricity bill of N280 million, following plans by the Ibadan Electricity Distribution Company (IBEDC) to transition the institution to Band A. This development was disclosed in a statement by UI's spokeswoman, Joke Akinpelu, on Thursday.
RECOMMMENDED: UI Management Meets with Students Amid Protests Over Electricity and Other Issues
Recent protests by university students highlighted concerns over increased tuition fees and alleged electricity rationing on campus. However, UI officials denied the claims of electricity rationing, emphasizing ongoing discussions with student leaders to address institutional challenges.
During a meeting with student representatives, Deputy Vice-Chancellor (Administration) Peter Olapegba underscored financial constraints hindering UI's operations. He revealed that the university currently spends over N80 million monthly on electricity and anticipates this cost to skyrocket under IBEDC's Band A tariff structure, potentially reaching N280 million monthly.
SEE MORE: UPDATE: UI Students Protests escalate as they Demand Lower Fees and Better Amenities
Olapegba clarified that while UI does not charge tuition fees, adjustments in charges reflect national economic conditions. He hinted at the institution's governing council possibly addressing these fee hikes in the future.
The move to Band A tariff, which imposes higher electricity rates, poses significant financial implications for UI as it navigates fiscal challenges amid student unrest and operational demands.
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