The management of Bowen University has released a notice indicating that the institution will review the school fees to be paid by students as from 2016/2017 session.
According to the notice, the reason for the review is necessitated by the following challenges;
1.Rising inflation rate and consequently high cost of living in the country
2.Poor power supply that necessitates continuous reliance on generators with its attendant cost implication on fuelling, servicing and maintenance. For example, diesel which sold for N125.00 a litre in June 2015, rose to N170.00 in June 2016, and in the first week of July 2016, has risen to N200.00! (The University runs its generators for an average of thirteen and a half hours daily as a result of erratic power supply)
3.Provision and maintenance of infrastructures
4.Sustenance of conducive learning environment
5.Employment of qualified staff, especially academics and Consultants for the Teaching Hospital.
Below is the letter:
BOWEN UNIVERSITY
IWO, OSUN STATE
Office of the Vice-Chancellor
University Finance and Student Fees
Bowen University, since inception in 2001, has operated as a missionary project
with the goal of offering quality university education at affordable fees to all
Nigerians who seek admission to the University. The University has been financed
largely by school fees and contributions from the proprietor, the Nigerian Baptist
Convention, Baptist churches and individuals of goodwill. The cost is further
brought down by adherence to prudency and elimination of waste and unnecessary
cost. The University does not receive any financial support from the State and
Federal governments and from the Tertiary Education Trust Fund (TETFUND),
which has been providing supplementary source of income to public universities
since 1992. In comparison to the fees charged by its competitors, specifically other
private universities in Nigeria, the fees charged by Bowen University still remain
comparatively low, even while unwaveringly guided by the determination to
maintain high standards in its delivery of quality education. For example, as at
April 2016, there were 66 full time professors on the academic staff of the
University out of the 316 members of academic staff. Indeed, the figure of 66 full
time professors is the highest in any private University in Nigeria; and, very
significantly, it surpasses what some state Universities could offer. Very
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