The Vice -Chancellor of the Joseph Ayo Babalola University, Ikeji Arakeji , Osun state, Prof. Sola Fajana has said that the institution is facing some financial crisis to carry out its capital projects.
He called on well-meaning Nigerians to render financial assistance to the university to enable it to achieve its next stage of development.
Fajana made the appeal at the formal launch of N2.5bn empowerment fund, held at the institution.
Describing the funding of a private university as; anherculean task that demands urgent attention from stakeholders, the vice-chancellor said, to run JABU with the traditional tripartite function, develop more infrastructure and sustain the existing ones, to pay bills, to settle our liabilities and to cover all expenses, we ask for your support, help and generous contributions.
Our JABU is; not founded by any outside sources except the monthly subvention from the authorities of the church, more important we need funds for capital projects to see JABU to its next stage of development.
We need finance, manpower and volunteers, most of all, we need your prayers and intercession to the lord. So we reply on your assistance and generosity of the people to help to rebuild our JABU.
In his remarks, the visitor of the university and chairman of the board of trustees, pastor Abraham Akinosun, lamented that paucity of funds had delayed the school in achieving its goal of his second phase of development.
He gave the assurance that the institution would bounce back; and called for assistance for university to enable it meet its development target.
As part of the University development during this third phase; we need to complete the second of medical sciences, the second phase of the distant learning building complex; tax our roads and further beautiful our campus among others Akinosun said.