OOU, TASUED, MAPOLY, Others Defend 2023 Budget Proposals Before Ogun Assembly - EDU-BIZNEWS


Saturday, December 17, 2022

OOU, TASUED, MAPOLY, Others Defend 2023 Budget Proposals Before Ogun Assembly

The Olabisi Onabanjo University (OOU),Ago-Owoye, Tai Solarin University of Education TASUED, Ijagun Ijebu-Ode, Moshood Abiola Polytechnic, MAPOLY, Abeokuta, Sikiru Adetona College Of Education, Science and Technology(SACOETEC), Omu-Ajose and six other Ogun State Government owned tertiary institutions have defended their respective budgetary allocations before the State House of Assembly

Vice Chancellor of the OOU, Prof. Agboola Ayodeji during the budget defence over the weekend in Abeokuta, reiterated the university's committment to  sustaining strides recorded in the previous years through effective discharge of its responsibility optimally in teaching, research and community services 

Agboola disclosed that the university would be  expending over N6billion in running of its activities next year.

The Vice-Chancellor explained that part of the strategies put in place by the university was to committe 40% of capital expenditure to the improvement in the physical infrastructure' facilities/equipment by the end of the first-half of 2023.

He revealed that N760.4million was earmarked for capital projects, while N5.24billion would go for recurrent expenditure, with expected revenue target of N9.116billion for the next fiscal year.  

Similarly, the Deputy Vice-Chancellor, Tai Solarin University of Education (TASUED), Prof. Adekunle Adeogun, said that the university was irrevocably committed to restructuring all academic programmes with emphasis on entrepreneurial and vocational skills towards promoting self-reliance. 

Adeogun explained that the university's 2023 budget objective was structured towards putting in place strategies to train more teachers, who would in turn be proficient in their respective disciplines, posses vocational skills and entrepreneurial capabilities to achieve the required human capital for all-round development. 

To achieve the foregoing, the DVC said a sum of N616.1million was proposed  for capital expenditure and N3.461billion was earmarked for recurrent expenditure, cumulating to a total annual budget expenditure of N4.07billion for the university in the next fiscal year.

The lawmakers in their respective remarks challenged the management teams of the universities to continue to improve on their financial administration through adherence to the principle of probity and accountability. 

Defending the budget estimate of Sikiru Adetona College of Education, Science and Technology (SACOETEC) Omu-Ajose, the Provost of the College, Dr. Adeola Kiadese stated that the institution planned to spend a sum N1.150billion as total expenditure for next year.

Kiadese said that of the total, the sum of N328.6millon was earmarked for capital expenses, while N821.7m would go for recurrent expenditure, with N1.58billon being expected to be generated as revenue for the fiscal year.

Other  tertiary institutions that defended their budget proposals before the State lawmakers included Moshood Abiola Polytechnic, Abeokuta,  the State College of Health Technology, Ilese, Gateway Polytechnic, Saapade, Gateway ICT Institute, Igbesa, DS Adegbenro Polytechnic, Itori, Abraham Adesanya Polytechnic, Ijebu-Igbo as well as Gateway Industrial and Petrol-Gas Institute Oni amongst others.

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