How Much Money The University Of Ibadan Gets From Government Annually.

First of all it is important to note that the most funded Nigerian University is ABU which is closely followed by the University of Ibadan and University of Nigeria Nsukka so this figures can very well be representative of either UNN or ABU
Secondly, the personnel cost of University of Ibadan appears to be so huge that one begins to wonder what exactly are the Unions going on Strike for(in the case of staff emoluments)? Considering the fact that the wage bill allocation of UI is more than IGR of Ekiti and Ebonyi states put together.
Thirdly there appears to be an inconsistent trend of capital allocation on the side of the FG. The disparity between the wage bill grants of UI and their Capital grants is way too ridiculous. In the worst case scenario capital expenditure and recurrent expenditure should be 50-50. In Comparism a notable private university in Nigeria has its own budget as 70% Capital and 30% Recurrent.
#Transparency #InvestigatingNigerianUniversities