The Vice-Chancellor, Covenant University, Ota, Ogun State, Professor Charles Ayo, on Friday, February 13, 2015 announced that the school authority was contemplating a downward review of the institution’s tuition fees so as to accommodate more students and make the university more competitive.
He made the revelation at a news conference following the school’s recent Webometrics ranking which placed the university as the first in Nigeria and West African sub-region and 15th in Africa.
He said, “Going by the thinking of the proprietor and chancellor, the commission is thinking of reducing the fees with a view to allowing more people to be able to benefit from the quality education that we have here, but it’s going to be highly competitive.
“This may affect us because we would need to work more on our IGR, but we are up to the task. The beauty of it all is to be able to leave it open to all, however, we are mindful of our carrying capacity, which will only engender stiff competition before anybody would be able to get admission.
“By the next academic session, the university will be going into production of certain items and looking at our projection on the adventure, we are going to be raking in billions, which will supplement our income and with that, we can be sure that the fees would be reducing gradually, which also shows that education venture is not necessarily about profit-making but about service to humanity.”
“Last year, we were the second in Nigeria and 25th in Africa, but now we have improved greatly, and this is because we came in with a view to introducing a change, which was a clear departure from what others do, therefore, this feat and many others do not really come as a surprise to us.”