THE NEWSGHOST, NIGERIA – On Monday, June 12, 2O17, the Alumni Association of Ladoke Akintola University of Technology (LAUTECH) unveiled its plan to raise funds to save the institution from the perennial funding problem crippling it.
This was revealed at a news conference organised by the alumni association in Ibadan, according to report.
The alumni is on a mission to raise ₦1 billion within 90 days. Speaking to journalists on Tuesday night, Bayo Adeyinka an alumnus and one of the facilitators of the project said, ‘As at this moment (Day 2), we have raised ₦1,246,500.’
The fundraising project is tagged #FundLAUTECH.
‘People are enthusiastic about the idea but there are a few pockets of critics. It’s a new concept here, so a few resistance is not unexpected,’ Adeyinka said.
He added that:
‘Our goal is to raise N1 billion in 90 days. However, wage bill is N350 million monthly. So, once we get that we can put that on the table so the school can resume while other things like forensic auditing can go on.’
Report says students are not satisfied with this though. For the students, any action that does not offer a lasting solution to the perennial funding challenge is not acceptable.
‘Raising funds for LAUTECH may sound good to the society because activities will resume, but this is only a way of putting a temporary smile on our faces,’ the president of the Students’ Union Government (SUG), Olatunde Bakare, said.