The Vice Chancellor of the Ibrahim Badamasi Babangida University (IBBU) Lapai, Niger State, Prof Ibrahim Kolo has warned that public universities may not achieve their mandate of academic excellence if they continue to depend on government for funds.
He advised management of universities to look beyond government subventions by establishing strategic fund raising activities for the development of critical areas of their institutions.
Kolo spoke at a retreat on strategies for successful fund raising organised by the institution for its council members and senior members of staff last Sunday.
The Vice Chancellor said world renowned universities in the United States and Europe are not funded by government, but depend on donations from their alumni, public spirited individuals and institutions.
He suggested that the management of various universities should come up with strategic plans for donors to key into.
The retreat, which was used to appraise the university’s five-year strategic development plan put in place in 2010, also provided a platform to fashion plans, programmes and projects to attract philanthropists and donors in funding the university.
Prof Kolo disclosed that the university attained 75 per cent implementation of plan strategic within four years. He underscored the management’s commitment towards transforming the university to compete with the best in the world.
“Our appraisal of our strategic plan in the past four years has shown that we attained 75 per cent. The plan has helped us to lay the foundation for a word class citadel of learning at IBBU. We have seen the critical role the raising of funds plays in the development of universities around the world,” he said.
Kolo praised former military head of state, General Abdulsalami Abubakar, for his contribution as a member of the board of the university’s Endowment Fund board and assured that funds given to the university would be used transparently and prudently.
He said the university has made contact with former Military President, General Ibrahim Babangida based on his pledge to complete the senate building and the administrative block.
source:http://thenationonlineng.net/new/varsities-should-look-beyond-govt-funding-says-ibbu-vc/
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