DELSU Set to Solidify Financial Base with 30Billion.

The Vice Chancellor (VC) of Delta state University, Prof. Andy Ogochukwu Egwunyenga, has disclosed plans by the institution to have a solid financial base of Thirty Billion naira (N30B).

He revealed this at a world Press Conference held yesterday at the school’s auditorium to mark its 30th Anniversary and 14th Convocation ceremony, he also spoke about the need to raise endowment funds which became convenient if the institution hopes to maintain its honour among other higher institutions in the world.

Furthermore, the VC stated that he hoped to achieve a lot more during his administration especially in the area of critical infrastructural development and qualitative educational standards in all its campuses when funds are readily available.

Reacting to this, Prof. Egwunyenga, described the suggestion as upright but attributed the delay in taking off such a commendable project to lack of funds, even as he promised to look into starting something in that direction in order to complement the few existing projects such as staff accommodation.

In his words; “The issue of staff accommodation is very key to this administration and we are going to be doing something in that direction in no distant time. I think we have about four staff quarters and that is definitely not enough.”

“The school has concluded plans to raise thirty Billion naira (N30B) through Endowment Funds. We are not saying we are going to raise such an amount at once but we intend to start the process and sustain it till we are able to achieve our aim of raising the whole amount”.

“We are doing this because we can no longer rely solely on government and our meagre Internally Generated Revenue (IGR) to meet our numerous needs and that is where the endowment funds comes to play in assisting us to meet the yearnings of our staff and students, both in terms of welfare and qualitative standards of education compared to that of the Western world.”