AS the University of Ibadan, UI, clocks 70 this year, the Vice Chancellor, Prof Abel Idowu Olayinka, has disclosed that the institution is rolling out the drums to celebrate the institution on its remarkable feats.
Prof Olayinka made this known at the weekend while addressing a Press Conference to usher in the celebration of the 70th Founder’s Day of the institution holding next month.
Leading the university’s management at the press conference held at the Tranchard Hall of the university where a lecture entitled “UI @ 70: Strategies for Attaining World Class Status by 2028 and Beyond” was delivered by Prof Sylvester Adegoke, the Vice Chancellor said that the institution had made several giant strides in the development of academics and mankind since its establishment.
According to him, “the first set of students, 104 in all, resumed studies at the University College Ibadan on 18 January 1948. Hence, this university is 70 years old this year. Till date, the university has produced two hundred and thirty two thousand, two hundred and twenty five graduates.
Many of the alumni of the institution now hold high profile position in various segments of the economy, both locally and internationally. As at the end of last session, we had a total of 35, 084 students, comprising 14, 354 undergraduates, 9,287 Distance Learning Students, and 11,443 Postgraduate students.”
Olayinka, however, lamented poor funding of the premier institution stressing that for it to achieve its vision of being a world class institution, it needs at least N30billion yearly to upgrade teaching and research facilities, stating, “for us to be a world class university, we need to invest heavily in physical and infrastructural facilities, to address the acute shortage of office spaces for staff, classrooms and laboratories.”
According to him, adequate funding of a university is central to its academic excellence lamenting that the funding from the federal government has been dropping consistently over time.
Explaining how the university generate funds, Prof Olayinka informed that there are three ways which the institution generate funds.
“First, proprietary fund otherwise called first stream, which comes from the owner of the university. It is this fund that has been dwindling over time. The second stream of funding available to us is user charges which we do through Distance Learning Center and Post Graduate School tuition.
The third stream of fund sourcing is from grants, UI ventures as well as public /private partnerships which the university has been exploring to keep it aloft,” he informed.
During the Founder’s Day on Saturday November 17 2018, the Vice Chancellor disclosed that awards would be conferred on some distinguished personalities including Chief Bode Akindele, Profs Grace Alele-Williams, Bolanle Awe, Akin Mabogunje, Funmi Olopade and Omoniyi Adewoye.
Other activities lined up to commemorate the 70th anniversary of the institution include: lectures, Inter-School Public Speaking: Effect of Social Media on Education, Job Fair for Students, Final of Jaw-War Public Speaking Competition by Students, the 3rd Annual Research, Development and Innovation Fair, Church and Jumat Services, Night of Music, UI Research Foundation, Life Time Achievement Awards, Command Performance at Wole Soyinka Theatre, conferment of award of degrees on granduands.