Statsocial:
What is this one saying
There is no such thing as a self sustaining university. There must always be external funding from either proprietor or industry. Lautech cannot attract industry funding hence the proprietor should fund. Even Living Faith still budgeted 1.6 billion N for Covenant university despite 'high' tuition.
If Aregbe can't fund Lautech then he should leave it for Oyo. As it is right now Lautech is like an orphaned institution, even Oyo that could commit would certainly make sure Osun pays its own fair share before it does.
Lalasticlala

centoke30:
mmmmh, so u re telling me that living faith isn't gaining anything from covenant university?

hardextheprince:
Aregbesola's stand on Lautech university.


When someone is crippled and you say he/she is not running, do you expect him/her to run?
Is it incapacity, inability or disinterest, first of all let us understand this fact, education that must be given free is basic education. Every society owes their citizens quality and compulsory basic education, any adult education is optional, education at the adult stage is optional but because we are running renting economy we don't known what is free.

Lautech, I said it on Gbangbandekun I said gentlemen we cannot be running at this pace, we should use what we have to run the school because tje economy has worsen. Three years ago it became obvious, we are no longer supporting Uniosun. We said Uniosun should fund itself and before then we have cut their school fees from 175,000 to 100,000, 125,000 to 65,000 and yet we denied the university 5% they were getting from local government. Strangely Uniosun with 12,000 students survived.
By the way, Lautech has over 30,000 students and Lautech with an average fee of #60,000 and the different between UniOsun regime fee and LAUTECH is just #5,000.
The question I ask myself is, if Uniosun with 12,000 students with six campuses in different towns can manage his own affairs without pressure on government it is still a puzzle Lautech with 30,000 can not manage his own affairs.

If those workers that are with us refused the modifies salaries and leave work, there would be no government. They realised that if they refused to accept reality there would be no government.
I'm baffled when people refused to live by reality and the reality is not a question of whether am interested or disinterested in funding LAUTECH, it's just that I'm incapable.
As bad as our financial condition, we still contribute to Lautech every month out of the very limited resources we have I still release money for Lautech (though very small) while I haven't done the same for Uniosun.

So the question is not lack of interest or lack of commitment, it's the state financial incapability and the failure of Lautech management to live within their means . but it will change very soon.

We have commissioned a reputable accounting firm that will do personal audit, financial audit of the institution which will let us know where thus the fees of the students go and how many people are there receiving salaries because it's either the money is improperly managed or the staffs are over loathed. What the university received as fees if properly manages and transparently used is enough to run the university successfully.

My appeal to the students is simple let us all go together to get staffs, management and council of the university to be accountable to themselves and to the owners.
I genuinely believe since Uniosun can run on its own, Lautech can do so as well.

Statsocial:
What is this one saying
There is no such thing as a self sustaining university. There must always be external funding from either proprietor or industry. Lautech cannot attract industry funding hence the proprietor should fund. Even Living Faith still budgeted 1.6 billion N for Covenant university despite 'high' tuition.
If Aregbe can't fund Lautech then he should leave it for Oyo. As it is right now Lautech is like an orphaned institution, even Oyo that could commit would certainly make sure Osun pays its own fair share before it does.
Lalasticlala

HzRF:


Let me quickly ask you this question can you give what u don't have?

It was jointly agreed (2014/15)that the school should no longer pay staff with money she's generating instead it's should be channeled to pension and other things

They never have problem with it then until now when free oil money is no longer flowing, imagine a state getting 30m as allocation

I have been in the same level since 2015

Pls don't say trash

They should pay up
Not trash about school self sustaining herself

Statsocial:

They don't make profit from Covenant university. There are profitable businesses within CU but they accrue to CU and not LFC.