Unilorin VC Advocates Strategies to End Poor Funding in Nigerian Universities
In a bid to tackle the issue of poor funding in Nigerian universities, the Vice-Chancellor of the University of Ilorin, Prof. Wahab Olasupo Egbewole, proposed strategic measures during a public lecture.
Chris Oyeoku Okafor 
In a bid to address the persistent challenge of poor funding in Nigerian universities, the Vice-Chancellor of the University of Ilorin, Prof. Wahab Olasupo Egbewole, has proposed strategic measures aimed at boosting investment in education and ensuring effective financial management.
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Delivering a paper titled "A March to the Future: Addressing Issues of University Administration in Post-Subsidy Nigeria" at a Public Lecture and book launch honoring Prof. Abdul-Rasheed Na’Allah, Vice Chancellor of the University of Abuja, Prof. Egbewole emphasized the critical role of funding in sustaining the operations and standards of higher institutions.
Highlighting the significance of funding in staffing, infrastructure development, teaching, research, and service delivery, Prof. Egbewole stressed the need for increased government investment in education. He noted that while budgetary allocations fluctuate, there is a pressing need for a strategic approach to funding that goes beyond government support alone.
The Vice-Chancellor urged university administrators to explore alternative funding sources, including tuition fees that match the quality of education provided. He emphasized the importance of diversifying revenue streams by attracting research funds, grants, donations, and endowments from both public and private sectors.
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Prof. Egbewole underscored the importance of effective financial management by university administrators, advocating for public-private partnerships and the recruitment of quality staff capable of attracting funding and grants to the institution.
In conclusion, he emphasized that overcoming the challenge of funding requires a multifaceted approach that includes increased government investment, diversification of funding sources, effective financial management, and partnerships with stakeholders.
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The recommendations put forward by Prof. Egbewole reflect a concerted effort to address the funding constraints faced by Nigerian universities, paving the way for sustainable growth and development in the higher education sector.
