CREDITS: PUNCH |
The Vice-Chancellor, Covenant
University, Ota, Ogun State, Prof. Charles Ayo, has hinted that the
school may likely reduce its tuition fees in a bid to accommodate more
students who will want to benefit from the quality education it offers.
Addressing a news conference on Friday
over the school’s recent Webometrics ranking as the first in Nigeria and
West Africa and the 15th in Africa, he said even though there is no
actual date for the likely review yet, the initiative would make
admission into the school more affordable and competitive.
He explained that apart from the fact
the Chancellor of the school, Dr. David Oyedepo, had already thought
about it, the school management also had plans to increase its
internally generated revenue so as to augment its income, which would
make the review easy.
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.”
Webometrics Ranking is the ranking of about 2,500 institutions in the
world based on their web presence, impact, presence, openness and
excellence.
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