The Founder of the Afe Babalola University, Ado Ekiti (ABUAD), Chief Afe Babalola (SAN), says he has so far spent a total of N476.8million as financial rewards to brilliant students. in seven years.
Head, Corporate Affairs of the university, Mr. Tunde Olofintila, in a statement, quoted Babalola as saying this while addressing the institution’s Senate at a special session.
The amount, according to the legal icon, was the total accumulation of what he spent in seven years to encourage scholarship, just as he announced a five per cent increase on salary of lecturers.
Babalola said that he would start giving scholarships to two students in each of the five undergraduate colleges, the best student among those newly admitted, including the poorest students, from next admission. He said part of the scholarship package would include free tuition and $5,000, in addition to the yearly prizes, instituted in 2013.
Under the scheme, any student who scores 4.5 GPA goes home with N100, 000; a student who scores 4.8 GPA takes N250, 000, while the one that scores 5.0GPA gets N500, 000
On the salary increase, Babalola said: “The university is interested in staff welfare, and that is why we have analysed and collated salaries of teachers at all levels in private, state and federal universities. We have thus decided to increase ours by five per cent over and above the highest.”
He also listed other staff benefits to include pension scheme, reliable insurance scheme, payment for journal articles, study leave with pay, as well as yearly teaching methodology workshops.
The legal luminary commended the staff, especially the Senate, for sacrificing their holiday to make up for the COVID-19 pandemic losses, which enabled students to stay in school.
“With all of these, I hope and pray that the 2020/2021 academic session will end by mid-July and we will commence the 2021/2022 session by late August, this year. In essence, we will be the first university in Nigeria to cover the lost grounds post- COVID-19,” he enthused.
He regretted that most Nigerian universities are still using the same curriculum introduced by the National Universities Commission (NUC) about 60 years ago, noting: “But we have a different story to tell. Ours is the only university in Nigeria, which has introduced five new programmes that have been approved and adopted by NUC.
“The programmes are Mechatronics, Intelligence and Security Studies, Social Justice, Human Biology and Dietetics, Tourism and Event Management.
“In the first 10 years, ABUAD has overshot its expectations in all the colleges, winning many national and international awards, accolades and recognitions.
“In the next 10 years, our plan is to be among the first 100 universities in the world.”