Vice Chancellor of Babcock University, Prof Ademola S. Tayo has stressed the importance of quality in the running of the institution.

He said the university was not-for-profit, hence its provision for work study programme, endowment funds, among other initiatives, to assist indigent students’ access to quality education.

Prof Tayo, who spoke during a visit to Matori, Lagos State Head Office of The Nation newspaper said: “One of our core values is excellence and we would not compromise. But at the same time, because of the philosophy of quality education, we introduced the work-study programme whereby the indigent but diligent students would use their hands to work so that they can augment part of the fees needed to fund their education.

“They work in the cafeteria, library, etc. They get paid and that has helped many of them. We also have parents’ consultative forum where parents partner with management, so that we have a pool of funds that children who lose their parents while in school can have access to, in order to fulfill their dreams. “We also have the ‘adopt a child scholarship’ where we reach out to our host community. Also, we serve as guarantor for parents to access loans for their children’s education. But most importantly, we believe in frugality. Our university is not-for-profit. Nobody shares one naira. It is ploughed back to make the system work better.”

The vice chancellor, who was accompanied by the institution’s management team noted that the institution was being funded solely with earnings from its bakery, Guest House, water factory and other industries, with only two per cent subsidy from its proprietor, The Seventh Day Adventist Church. He added that the university spent about N20 million monthly on electricity.

Prof Tayo noted that the university’s fees were not too high for the services provided, “as it runs 24-hour power supply and the fees also cover tuition, accommodation, laboratory, among other expenses.”

He said the institution will be graduating its pioneer medical students in December, informing that the students have completed their various degrees.

The Medical School, according to him, was establised in 2012.

He said: “One of the areas of excellence that we want to carve a niche in this country is in the area of medicine, which we started in 2012. We have our accreditations from the Medical and Dental Practitioners Council of Nigeria (MDCN) and National Universities Commission (NUC), International Board of Education, National Postgraduate College and the West African College of Physicians. This December, we will turn out our first graduates in the medical school. They have completed their clinical rotation in India.”

Managing Director of The Nation, Mr Victor Ifijeh pledged the organisation’s support for the educational development of the nation, while stressing the organisation’s dedication to objectivity, fairness, integrity and balanced reports.

He lauded Babcock University for its achievements in the education sector, and its swift rise to global standards.

Responding, Prof Tayo acknowledged The Nation for her growth in its ten years of existence noting that “The Nation is a force to reckon with. Your newspaper is always at the forefront. We want to thank God for the role you have played in shaping the public opinion by your accuracy and the way your news are reported”

https://educationexplorersite./2017/10/28/babcock-university-spends-20-million-on-electricity-monthly-vice-chancellor/

Haba

To the enemies of the Church that is 240 million/year o. And still the church still covers 2% of the entire budget for the university without receiving a dime as profit! Yet some demon inspired ppl would be screaming that they have stolen their tithe that they did not pay. God bless our Churches for providing great education..

Statsocial:
To the enemies of the Church that is 240 million/year o. And still the church still covers 2% of the entire budget for the university without receiving a dime as profit! Yet some demon inspired ppl would be screaming that they have stolen their tithe that they did not pay. God bless our Churches for providing great education..

This one doesn't understand what asset is!

Tolexander:
This one doesn't understand what asset is!

This one doesn't understand what funding higher education is all about!

Asset noni a Church that just finished paying its 20 yr loan it took in the 90s to build d university.

nobi today wey yansh don dey back....naso so my scul mgt. dey claim seh 'em use 50mil. erect scul gate as a project!!...university yaff turn to LIEversity!!

ReorxTohGan:
nobi today wey yansh don dey back....naso so my scul mgt. dey claim seh 'em use 50mil. erect scul gate as a project!!...university yaff turn to LIEversity!!

20 million isn't an exaggeration. In fact it seems low sef considering that we are talking about a fully residential(students) babcock university with over 6,000 students-that is the population of some local governments. I presume the university still uses govt light with generators unlike Covenant that disconnected herself from the national grid..

Statsocial:

20 million isn't an exaggeration. In fact it seems low sef considering that we are talking about a fully residential(students) babcock university with over 6,000 students-that is the population of some local governments. I presume the university still uses govt light with generators unlike Covenant that disconnected herself from the national grid..

preach!!

Adventist are still trying though. Anglicans don't give any dime whatsoever to Ajayi Crowther and of course don't collect anything either. Apostolic faith still gives 300 m- 500m to Crawford annually, Living Faith gives between 1.7 billion - 5 billion annually to Covenant.
Their contributions are still small in comparison with FG funding for the likes of UI which gets 13 billion annually as wage bill and Infrastructure from FG annually which is apart from intervention funds like Tetfund.

Tym for d University to seriously consider generating its own power...

What pains me is that this church universities do not pay taxes and the government expects universities without church affiliations to compete with them after paying taxes.

The cheapest private universities in Nigeria are usually not church affiliated. They pay electricity bills too, don't they?

I understand! That's the cost of Desel cos if it's electricity it wont be that much.

That's why any nation that is serious in developing its economy and standard of living first tackles the problem of electricity and infrastructure.

But here in Nigeria all we do well is playing politics full nepotism, regionalism and bygotry.

Monthly? Whoa!

Only?? CU spends way more on electricity.
And some ignorant, poor fools will come and rant about how expensive private schooling is and how pastors are using them as a money making venture. To provide almost constant electricity is no small feat. If you want quality, you should be ready to PAY!!!

20million lies... how do u expect me to believe these or is it 200.000 naira how possible

Just imagine! Could dis be true?

Dem don chop moolah finish

Lol.... Just as one man spent #140mil to cut grass.

ah!
20million naira monthly?!?
20 x 12months = #

biko...
make person epp me do d maths...
my calculator is CORRUPT!

that's #240m in a yr, the sch should build an ipp for their use.
all dis our schools that cant even solve internal problem, yet them dey produce graduate for external problem, it is well oo

Is Babcock a country?

wahu!!

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Rich4god:
Lol.... Just as one man spent #140mil to cut grass.

250 million.

Fat lies

50% of energy supposedly consumed in Nigeria is wasted but there is a company solving that problem. That figure can be down by almost 40%. PM for details!

20million = school fees of 20-25 Babcock Students.

and you have over 3000students, so I don't see why you are crying oga Vc. Money deyyyy

bh

Do they expect us to believe that?