Funding: VC  Tasks Staff On Increased IGR

Funding: VC  Tasks Staff On Increased IGR

By Chika Mefor-Nwachukwu

The Vice Chancellor(VC) of the University of Ilorin, Prof. Wahab Olasupo Egbewole, has charged revenue-generating arms of the institution to think outside the box as the University seeks to increase its revenue base.

Egbewole, who is also the Chairman of the Investment Committee of the institution, stated this recently when he led members of the committee on a two-day campus-wide tour of investment facilities owned by the university..

The Vice-Chancellor stated that the university has spent so much on the revenue-generating units but said that the return on investment (ROI) has not been encouraging.

He noted that improving Internally Generated Revenue (IGR) is a priority of his administration, promising to support and reinvigorate all the revenue-generating units.

The VC also charged the heads of the various facilities to come up with creative ways to expand their revenue, adding that those facilities would also benefit as they expand their financial base.

He further requested the revenue-generating units to bring up proposals that would aid what they are doing and find a way to improve on their revenue intakes.

While lamenting on the nose-diving state of revenue, Egbewole noted that the centres are positioned to serve the state and the nation. He maintained that the university has no reason not to succeed.

He also suggested that such arms of the university should be insulated from strike actions, saying that the tour of the facilities would help the management to know what to do better.

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