Estimated reading time: 5 minute(s)
Ridwan Okiyide & Fawaz Adebisi
The Vice Chancellor of Christland University,Abeokuta, Prof. Chinedum Babalola has lamented on the high taxes leveling private universities in Nigeria by governments, saying, no private university in the country can boast buoyantly of making profit.
The VC who made this statement during a press briefing held in Abeokuta, on Wednesday, to herald the commencement of 4th convocation if the university.
She complained that private universities used what could have been their gains on infrastructure, lamenting that no private university is benefiting from the Tertiary Education Trust Fund.
She urged the government to treat private universities as charity organizations by reducing the taxes and not taxing them like profit organization
She said “For now, private universities do not benefit from TETFUND, the major financial drain in universities is capital projects, the budget for capital projects in private universities run into billions.
“Just imagine TETFUND builds two to three buildings here, but, they won’t, rather the government will ask you would to pay a lot of taxes.
“In terms of government intervention and benefits, I think for now, the best the government does for us is to give us licence to practice, and then to verify new programmes and accredit existing programmes”.
Speaking on how the institution has built relationship with security agencies, she said the institution has partnered with the National Drug Law Enforcement Agency to fight against drugs, noting that it is the first university to do so among universities in Nigeria.
She however said the institution also has zero tolerance for immorality and unfairness.
She said, “For the drugs, right from onset, the chancellor advised that we should partner with NDLEA, we also don’t want to have a university that deals with drugs.
Estimated reading time: 1 minute(s)
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