TABLE 1: UNIVERSITY MISSION, EXPENDITURE & REVENUE TABLE
S/N | University Mission | Revenue Target | Annual Expenditure | Annual Revenue | Rev-Exp | |||
Item | Naira | Item | Naira | New University | Naira | |||
1 | Teaching (Degrees & Diplomas) | Students | Personnel |
| Tuition |
|
|
|
Overheads |
| Fees |
|
| ||||
Learning & Living Facilities & Equipment |
| |||||||
Total E1 |
| Total R1 |
|
|
| |||
2 | Research | Research Grants Patents | Research Personnel |
| Research Grants |
|
|
|
Overheads |
| Patent Sale |
|
| ||||
Facilities & Equipment |
| Patent Licensing |
|
| ||||
Royalties |
|
| ||||||
Total E2 |
| Total R2 |
|
|
| |||
3 | Community Service & Interaction (Internal & External to University) | Donors – Proprietor, Friends (individuals & Institutional), Alumni | Land Costs/Rent |
| Proprietor |
|
|
|
Government |
|
| ||||||
Corporate Social Responsibility |
| Friends |
|
| ||||
Alumni |
|
| ||||||
Total E3 |
| Total R3 |
|
|
| |||
4 | Entrepreneurship (Instruction, Participation) | Students, Investments, Business & Consultancy (IBC) | Instructional Cost |
| Tuition & Fees for Certificates |
|
|
|
Investments |
|
| ||||||
Cost of Doing IBC |
| Business |
|
| ||||
Consultancy |
|
| ||||||
Total E4 |
| Total R4 |
|
| ||||
|
|
| GRAND TOTALS ET |
| GRAND TOTALS RT |
|
|
|
Now as far as Revenue is concerned - particularly for a new university, or for a stable university with middling reputation - it is the Tuition and Fees of Students that are the most guaranteed source of revenue. Is it not right to REQUIRE that the Tuition and Fees should form a certain percentage of ANNUAL expenditure (not even only of ANNUAL REVENUE), before you start talking about "free tuition?" Can you survive as an institution if every year your annual expenditure ALWAYS outstrips ANNUAL revenue simply because you wish to have "free tuition?" Is that difference not what the Government and/or your Proprietor will have to fill in, BEFORE even Alumni and Friends can help out?
FEDERAL UNIVERSITY OTUOKE
BAYELSA STATE
2014/2015 ACADEMIC SESSION
TABLE 1: ANNUAL UNIVERSITY COSTS (INSTITUTIONAL FEES & CHARGES)
S/NO. | ITEM | LEVEL 300 STUDENTS (RETURNING PIONEER STUDENTS) | ALL LEVEL 200 STUDENTS (RETURNING NON-PIONEER STUDENTS) | LEVEL 100 STUDENTS (NEW STUDENTS) | |||
FAHSS Fee ( | SCIENCE Fee ( | FAHSS Fee ( | SCIENCE Fee ( | FAHSS Fee ( | SCIENCE Fee ( | ||
1 | Tuition Fee | 0 | 0 | 0 | 0 | 0 | 0 |
2 | Acceptance Fee | 0 | 0 | 0 | 0 | 10,000 | 10,000 |
3 | Verification of Certificate | 0 | 0 | 0 | 0 | 1,000 | 1,000 |
4 | Registration Fee | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
5 | Examination Fee | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
6 | Development Levy | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 |
7 | ID Card | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
8 | Sports | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
9 | Medical Exam/Registration/Charges | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 |
10 | Student Insurance Policy | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
11 | Utility/University Municipal Services | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
12 | Caution Deposit | 0 | 0 | 0 | 0 | 5,000 | 5,000 |
13 | Science/Lab. Practical/Field Trip Levy | 2,000 | 10,000 | 2,000 | 10,000 | 2,000 | 10,000 |
14 | Departmental/College Dues | 2,000 | 2,000 | 3,000 | 3,000 | 3,000 | 3,000 |
15 | ICT Charge | 5,000 | 5,000 | 6,000 | 6,000 | 6,000 | 6,000 |
16 | Library Fees | 5,000 | 5,000 | 6,000 | 6,000 | 6,000 | 6,000 |
17 | Student Handbook | 0 | 0 | 0 | 0 | 1,000 | 1,000 |
18 | Portal Charge | 2,500 | 2,500 | 4,500 | 4,500 | 4,500 | 4,500 |
| Total (2) | 50,000 | 58,000 | 55,000 | 63,000 | 72,000 | 80,000 |
1. All new students (Freshmen) must stay in the hostel, unless contra-indicated by a medical doctor
2. Students must pay full applicable fees by end of Registration Period of academic year, else all registration privileges will be withdrawn for the academic year.
That is, at FU Otuoke, the highest paying students pays NO TUITION fees and N80,000 per year of FEES - that is (at N400 to $1) $200!
Who will pay the rest?
Now back to Table 1, Joe Igietseme:
(1) what fraction of total Expenditure ET should be E1, E2, E3 and E4 ?
(2) what fraction of total Revenue RT should be R!, R2, R3 and R4 to fulfil the university's true mission?
(3) most importantly, what fraction of RT should ET be, and who will pay the rest if there is a shortfall (ie if ET exceeds RT)
Inquiring minds want to know.
And there you have it.
Bolaji Aluko
A time has come in Nigeria when VCs [like University Presidents elsewhere] should be developing innovative or creative ways to mobilize public, private and community resources for institutional advancements in curriculum, infrastructures, academics, research, endowments and revenue stream.
The continuing reliance on Govts' periodic handouts is reflected in the woes and degeneration of the public institutions in all sectors as the SINGLE source of support struggles.
Besides, thinking out of the box may be a way forward for VCs; for example, it should be possible for some of universities to decide to convert into SINGLE or few products corporate entities where students are enrolled to focus on the knowledge and expertise for producing certain commercializable products or services that address critical national needs. The curriculum and training in such universities will be structured to meet the production or services needs.
Good examples of such products/services focused institutions are independent medical schools attached to teaching hospitals. The focus of the teaching hospital is healthcare delivery services. When basic & clinical medical training are attached to the teaching hospital, you have an institution that's both a service delivery business & a medical school. Similarly, we should be able to establish food, beverages, automotive, wood/metallurgy universities (or other tertiary institutions) that are focused on specific products & incorporate educational curricula for training students in the fields of those products or services.
Local and international corporate bodies and well as public agencies in charge of producing or supplying certain products/services in the country should easily buy into such an innovative university education.
In addition, the students are trained as production or marketing managers by the time they graduate. Entrepreneurship can be heavily promoted by such an educational system as well. Furthermore, this approach will likely fast-track industrialization, production and export economy in the nation. Of course, a KEY requirement for a successful knowledge-based, production-focused university is REGULAR ELECTRICITY! Without this SINGULAR Utility, the aspiration for national industrialization, advancement in national R&D/innovation or push toward an export economy will continue to be a pipe dream!
Our VCs should try SOMETHING DIFFERENT to move Nigeria FORWARD!
GOD HELP NIGERIA. JUI [J
Joe Igietseme]Post a comment.
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Posted by Joseph Igietseme to MUST READ!at March 16, 2017 at 7:46 PM
--On Mar 20, 2017 11:07 PM, "Ugochukwu Ejinkeonye opinions234@gmail.com [NaijaPolitics]" <NaijaPolitics@yahoogroups.com> wrote: VCs, Let Tuition-Free Varsities Stay
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