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Members of the Petroleum Engineering Department Alumni Association have decided to give back to the University that made them.
To this end, the 1976 set of the group has decided to endow a prize that will help in teaching, learning, and research.
The Chairman of the Alumni Association, Engr. Samuel Adegboyega, a 1976 graduate of the University of Ibadan and owner of Samuel Adegboyega University, told the Vice-Chancellor that the Alumni came back to the campus to identify the areas of need of their former Department and help to mitigate such needs.
He spoke during a courtesy call on the Vice-Chancellor in his office.
Engr. Adegboyega said his Association realised that government alone can not fund tertiary education, adding that in the developed countries of the world, universities are funded by the alumni, captains of industry, and philanthropists.
He assured that the UI Department of Petroleum Engineering will soon become the best Department in the University and the benefactions would be in perpetuity according to the chairman.
In appreciation of one of their lecturers, Professor Gabriel Kayode Falade, who is celebrating his 80th birthday, Engr Adegboyega said the 1976 set is to endow and fully fund a Fellowship in the Department.
The Vice-Chancellor, Professor Kayode O. Adebowale, mni, FAS, appreciated the visiting Alumni Association.
He said public universities in Nigeria need to develop a sustainable funding policy because the competing needs of the economy make it difficult for the government to fully fund tertiary education.
He acknowledged the various interventions by government agencies for physical infrastructures but said Universities needed more funds for their various activities.
According to Professor Adebowale, it was in realisation of the enormous role that the Alumni can play that the University of Ibadan created the Alumni Relations Office.
He noted that a larger percentage of the alumni does not belong to the Alumni Association, and as such, the University must find a way to reach out to them.
He reminded the members of the Petroleum Engineering Department Alumni Association that the University will be celebrating its 75th anniversary this year and that they must be part of the celebrations.