The Vice-Chancellor of Covenant University, Ota, Ogun State, Prof. Charles Ayo, has said that the institution may reduce its tuition fees in order to accommodate more students willing to study in the institution.
Prof. Ayo addressed a news conference on Friday over the school’s recent Webometrics ranking as the first in Nigeria and West Africa and the 15th in Africa.
He however said there was no actual date for the likely review yet but stated that the initiative would make admission into the Winners Chapel-owned institution more affordable and competitive.
His words: “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.”
The vice-chancellor explained that with the Webometrics Ranking released on February 10, 2015, “Covenant University is now the first among all the universities in Nigeria and West Africa and the 15th in Africa.
Webometrics Ranking is the ranking of about 2,500 institutions in the world based on their web presence, impact, presence, openness and excellence.