Prof. Julius Oloke, Vice Chancellor of Precious Cornerstone University (PCU) at Ibadan, opined that private universities are not charging the amount they are supposed to charge in training students.
Oloke, who said training students in universities all over the world is expensive, noted that many would not be able to access education, if private universities were charging exorbitantly.
The VC stated this while speaking on the activities marking the university’s second convocation ceremony, tagged: ‘The Envisioned Royalties.’
Oloke revealed that 10 of 100 graduating students bagged first-class honor, while Salami Mojoolaoluwa Oluwatimileyin of the department of Economics emerged as the best graduating student for the year 2023 with a CGPA of 5.00.
The professor explained that the graduating students had been trained to be solution providers, adding that part of their training is to commercialize their areas of specialization.
He said: “The Academic Staff Union of Universities (ASUU) has done research on the actual fees to pay to train students in the universities and only a few universities are charging the amount they are supposed to charge. This is because it is expensive to train students in the university.
“Appropriate training requires lots of infrastructure. We have to get seasoned academias. We have to provide equipment and run hostels, libraries, provide electricity and others. We have to make sure that the library is functional.
PCU is about the lowest fee-paid university in this part of the world. Many claim faith-based universities are founded by worshippers but we all know the challenges many churches have been facing since COVID-19 era,” he added.