Saturday, 14 February 2015

Covenant University May Reduce Tuition Fees Soon... Says "VC"

Covenant University VC: Prof. Charles Ayo
The Vice-Chancellor, Covenant University, Ota, Ogun State, Prof. Charles Ayo, has given a slight indication 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 Web based 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, but this opening move would make admission into the school more affordable and competitive.

According to PUNCH, Prof. Charles Ayo 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 increase its financial gain, 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 add-on our income and with that, we can be sure that the fees would be reducing gradually, which also shows that education venture is not compulsorily about profit-making but about service to humanity.”

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