Nigeria’s petroleum varsity requires N10.9bn for infrastructure development ― VC

Vice-Chancellor of the Federal University of petroleum resources Effurun (FUPRE), Professor Akpofure Rim-Rukeh at the weekend said the institution would require over N10.9billion for infrastructural development.

This was even as he said a total of N26million and an additional $2.8 million to procure state-of-the-art facilities for the institution.

The Vice-Chancellor who spoke to journalists in Abuja ahead of the institution’s planned education development roundtable said the N10.9billion will cater for needed buildings within the institution.

He stressed that the government’s funding alone for such a specialised university cannot support the realisation of its objectives geared towards boosting Nigeria’s economy.

According to him, there was a need for private sector players and spirited individuals to support the institution in raising additional funds for the development of adequate infrastructure for its optimal performance.

He explained that the educational sustainability and progress of the country, especially universities was being threatened by sole dependence on the federal government.

“We are now saying that no, for the nation’s education to be sustainable, let’s get the private sector to be involved. The development and direction of the universities are also being threatened by a wide gap between the industry and the universities.

He noted that the University’s vision is to be the premier international institution with state of the art facilities to provide for the “Petroleum and allied sectors, world-class education, training, research, consultancy and extension services.”

The round table slated for July 27, 2021, has the theme; improved institutional donations and endowment: a positive step towards advancement in technology and sustainable development in education, and is targeted at bringing industry experts and investors to help bridge the gap between universities and the industry.

“The basic purpose for the FUPRE roundtable is to solicit the support of the private sector for the development of the university,” Professor Akpofure added.

He noted that “one of our objectives says that, explore all business opportunities with regards to the commercialization of the university’s patent products.

“When we commercialize, both the investor and the university has a certain percentage. These are clearly stated in the university intellectual property policy.”

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