The Vice Chancellor of Babcock University, Prof. Ademola S Tayo, has lamented the institution’s expenditure on diesel amid the challenge of electricity supply.
Prof Tayo made this known during a meeting with former President Olusegun Obasanjo who paid him a visit at the main campus, Ilishan Remo, Ogun State, on Wednesday.
Punch Metro reported that the country experienced the collapse of the national power grid for a sixth time this year on July 20, about a month after the June 13 grid collapse; the fifth in 2022.
However, according to the VC, the university spent about N100m monthly on diesel and “this is telling on our finances”.
“We spent about N100m monthly on diesel now and this is telling on our finances,” Prof Tayo hinted.
Obasanjo, who also attended the 2022 Graduation Lecture of the institution restated that the problem of Nigeria is beyond an individual, but a collective resolve.
Responding to the electricity challenges of the institution, Obasanjo advised the management to consider converting their diesel generators to gas-powered systems.
He promised to continue to be part of the growth and development of the University anytime “I am called to do so. Over the years, the growth here has been phenomenal.”
Obasanjo as the Special Guest of Honour at the graduation lecture remarked that the solution to the mirage of country’s problems can not be solved alone by an individual.
The former President, who was responding to the lecture delivered by Professor Kingsley Moghalu on “Knowledge, Vision, Passion and Innovation in the Context of Nigeria Development”, said, “The situation of the country is so bad for any one to claim of having solution to them.
“The situation today, is beyond party politics, beyond political parties. It require all hands on deck for us to get it right,” adding that understanding, love, compassion, fear of God, continuity and patriotism were also key factors needed to move the country to new development.
