UNILORIN Spends N1.3 Billion Annually on Electricity, VC Reveals
According to Prof. Egbewole, the monthly electricity expenditure alone ranges between N120 million and N130 million. This substantial financial commitment, directed toward ensuring a consistent power supply, contributes significantly to the university's yearly spending, highlighting the complexities of managing the institution's finances.
Binye-lum 
The Vice Chancellor of the University of Ilorin, Prof. Wahab Egbewole, shared insights into the institution's financial challenges during an interactive session with the Unilorin Students' Union Executive Committee. One significant revelation was the annual expenditure of approximately N1.3 billion on electricity, underscoring the financial pressures faced by the university.
According to Prof. Egbewole, the monthly electricity expenditure alone ranges between N120 million and N130 million. This substantial financial commitment, directed toward ensuring a consistent power supply, contributes significantly to the university's yearly spending, highlighting the complexities of managing the institution's finances.
Despite grappling with the high cost of electricity, the Vice Chancellor emphasized the university's determination to provide essential services. These services include water, internet, laboratory and classroom equipment, health facilities, and other critical needs, demonstrating the institution's commitment to maintaining operational standards.
Addressing the students' union leaders, Prof. Egbewole expressed confidence in their ability to effectively convey the management's vision to the student community. He stressed the importance of responsible student unionism and encouraged leaders to establish extensive networks among their peers for a collaborative and supportive university environment.
In addition to acknowledging the financial challenges, the Vice Chancellor reaffirmed the university's commitment to preserving the sanctity of the academic calendar. Emphasizing the significance of adhering to the schedule, Prof. Egbewole highlighted the positive impact on both students and management, ensuring a structured and efficient academic environment.
As the University of Ilorin continues to grapple with financial constraints, the revelations from the Vice Chancellor provide valuable insights into the complexities of managing a large educational institution while maintaining service standards and academic integrity.
