KolaDaisi University (KDU), Ibadan, has announced a N50,000 reduction in fees for its undergraduate programmes.
In a statement yesterday, the university’s Vice-Chancellor Prof Kolade Ayorinde said the “special subsidy package” was in line with the vision of the university’s founder, Chief Kola Daisi, to make education affordable.
Ayorinde noted that the subsidy “will be solely funded by …Chief Kola Daisi and we thus owe him a lot of gratitude for his untiring interventions in education and youth empowerment initiatives”.
He added: “The subsidy scheme is scheduled to take effect from the 2018/2019 academic session. It will not only be enjoyed by our fresh students; the largesse will also accommodate the returning students.”
Besides the subsidy, the vice-chancellor said the university management will also offer 2.5 per cent discount to the first 100 students to complete their registration, while those who pay their fees once will enjoy an extra five per cent discount.
Pro-Chancellor and Chairman of KUD’s Governing Council, Prof Adeniyi Osuntogun, hailed Daisi, who is also the Bashorun of Ibadan, despite the current economic reality in the country and attendant consequences on educational attainment and quality manpower.