A former Vice Chancellor of the University of Ibadan, Professor Olufemi Bamiro, has stressed the need for proper administration of universities in Nigeria towards addressing the challenges of socio-economic development of the country.
The don stated that government funding of public universities was no longer sustainable, saying the stakeholders too needed to be involved in the funding of the institutions.
He stated this at a lecture he delivered at the Olusegun Agagu University of Science and Technology, Okitipupa, Ondo State.
The lecture was titled, ‘Transforming the Nigerian university system for graduate employability and socio-economic development.’
Bamiro said, “In respect of funding, as presented in this paper, the funding scheme of public universities, characterised by heavy reliance on government funding, is highly
unsustainable. The situation calls for the involvement of all the key stakeholders – government, our academic institutions, parents and funding agencies – in cost sharing.
“Implicit in this is the need for every institution to put in place a computer-based enterprise resource planning model for a better determination of the real costs of education, training and research coupled, most importantly, with the optimal management of resource inflow and outflow.
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