LunagisthubUniversity of Ibadan’s 2023 Expenditure Reveals Surprising Priorities
A recent review of the University of Ibadan’s 2023 financial statement has raised eyebrows, revealing that the institution spent a substantial N358 million on non-academic expenses. This amount includes N134 million on refreshments and meals, and N224 million on honorarium and sitting allowances.
The N134 million spent on refreshments and meals in 2023 is more than double the N65 million allocated to the same item in 2022. This significant increase has sparked questions about the university’s spending priorities.
The N224 million spent on honorarium and sitting allowances in 2023 is also notable, representing a substantial increase from N129 million in the previous year.
What’s striking is that the amount spent on these non-academic expenses exceeds the allocation to key academic purposes, such as research and teaching materials. This disparity has raised concerns about the university’s financial priorities and allocation of resources.
The University of Ibadan’s 2023 expenditure report has sparked a conversation about the allocation of resources in higher education institutions. As the university community reflects on these findings, it’s essential to consider the implications for academic excellence and resource management.
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