BY: Rachael Ogunmuyiwa

Ambrose E. Aiyelari, the Deputy Vice-Chancellor, University of Ibadan has disclosed that the University spends close to Eight Hundred and Eighty Million Naira monthly on salaries.

Professor Aiyelari who was the representative of the university’s Vice-Chancellor; Professor Abel Idowu, said this while addressing the senate president of Nigeria; Ike Ekweremadu and others  during the 4th public lecture organised by the institution’s alumni association.

According to him, the huge financial obligations of the institution have so far been making managing its affairs very difficult.

Prof Aiyelari said, “There are many capital projects for which what is received from the annual budget presented at Abuja is not enough for.”

Prof Aiyelari who claimed that the university is in a serious problem urged Senator Ike Ekweremadu to carry the plea of the management to the Federal Government while he prayed for President Muhammadu Buhari’s quick recovery.