by Kolapo Olapoju
Covenant University’s Vice-Chancellor, Prof. Charles Ayo, has revealed that the institution may most likely reduce its tuition fees so as to encourage students who cannot afford the current high fees.
The VC made the disclosure while addressing a press conference on Friday, February 13, over the school’s recent ranking by Webometrics as the 1st in Nigeria and West Africa and the 15th in Africa.
Webometrics Ranking is the global ranking of about 2,500 institutions based on their web presence, impact, presence, openness and excellence.
Ayo stated that the fees reduction would make admission into the school more competitive and affordable, while noting that an actual date was yet to be fixed for the tentative tuition review.
He said: “Going by the thinking of the proprietor and chancellor, the commission is thinking of reducing the fees with a view to allowing more people to be able to benefit from the quality education that we have here, but it’s going to be highly competitive.”
“This may affect us because we would need to work more on our IGR, but we are up to the task. The beauty of it all is to be able to leave it open to all, however, we are mindful of our carrying capacity, which will only engender stiff competition before anybody would be able to get admission.”
“By the next academic session, the university will be going into production of certain items and looking at our projection on the adventure, we are going to be raking in billions, which will supplement our income and with that, we can be sure that the fees would be reducing gradually, which also shows that education venture is not necessarily about profit-making but about service to humanity.”
Furthermore, the vice-chancellor, said that with the new ranking by Webometrics, “Covenant University is now the first among all the universities in Nigeria and West Africa and the 15th in Africa.”
“Last year, we were the second in Nigeria and 25th in Africa, but now we have improved greatly, and this is because we came in with a view to introducing a change, which was a clear departure from what others do, therefore, this feat and many others do not really come as a surprise to us,” he added.