KolaDaisi University founder subsidizes undergraduates’ fees
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By Olu AJAYI (Abeokuta)
NIGERIA: THE Founder of KolaDaisi University, Ibadan in Oyo State has announced a special subsidy for all undergraduate degree programmes in the university.
The development, according to the university’s Vice-Chancellor, Professor Kolade Luke Ayorinde, was a unique decision of the management, which was influenced by the vision of Chief Kola Daisi, who is the Bashorun of Ibadanland and owner of the institution, Chief Kola Daisi, to make education not only available to the teeming Nigerian youths, but also ensure its affordability without compromising standards.
Professor Ayorinde stated that Daisi, in furtherance of his educational endowment programmes, had agreed to subsidise all fees and levies payable by each undergraduate student with a minimum of N50,000.
According to a news release signed by the university’s Head, Corporate Affairs, ‘Lasun Somoye, the Vice-Chancellor stressed that the subsidy “will be solely funded by the university’s Founder, Chief Kola Daisi and we thus owe him a lot of gratitude for his untiring interventions in education and youth empowerment initiatives.”
“The subsidy scheme is scheduled to take effect from the 2018/2019 academic session,” the Vice-Chancellor declared, adding: “It will not only be enjoyed by our fresh students, the largesse will also accommodate the returning students.”
In addition to the subsidy, the Vice-Chancellor further disclosed that the university management will equally offer 2.5 percent discount to the first 100 students to complete their registration, while students who pay their fees once, will enjoy an extra five percent discount.
While reacting to the development, the Pro-Chancellor and Chairman, Governing Council of the university, Professor Adeniyi Osuntogun, on behalf of other members, applauded the magnanimity of Daisi.
Osuntogun noted that the gesture was expedient, considering the current economic reality in the country, along with its attendant consequences on educational attainment and quality manpower.
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Don’t wear seat belts lest you drown in your own urine?
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