INCREASE IN FEES

Three years ago, we admitted the first set of Students into the Redeemer’s University and we are most pleased to let you know that next year, we will graduate the first set of Students.  In November 2007, when we were just a little over two (2) years old, the University was host to the NUC for the accreditation exercise of our programmes.  Of the twenty (20) programmes we presented, we received accreditation for nineteen (19), while one (1) was denied accreditation.  This means ALL our graduates will go out next year with a certificate approved and sanctioned by the NUC.  The only set back we have with the single denied programme, is that we cannot take in new students, until the accreditation status is reversed, but the students currently admitted can and will graduate with NUC approved and sanctioned certificates.  Recently, we received word from NUC approving the take-off of eight (8) new programmes, bringing the total number of programmes to twenty-eight (28).  Beginning from 2010, we plan to seek NUC approval for commencement of new programmes in Engineering and Allied Professional Courses.  Our gratitude, for all these achievements is three fold – First, to God Almighty who has led us thus far, second to you our Parents and Guardians who have supported us financially and morally and third to our Staff and Students who have continued to do us proud.

When we started, the Proprietors took a decision to provide a conducive learning and living condition for Staff and Students, in line with the vision of excellence of the University.  This was to be done through –

• Adequacy in Staff quality and quantity
• E-learning facilities for Staff and Students
• Improved hostel accommodation

In addition, the Proprietors decided to limit the contributions to the running of the University from Students’ fees to no more than 25%.  This was how we arrived at the fee structure which we have operated since 2005.  in subsequent years, the cost of living and of procuring adequate facilities for better teaching and research, escalated.  In the past year, we have –

• upgraded library and computer facilities
• increased the number of staff, and
• adjusted staff salaries to be able to attract and retain qualified staff.

The results of all these inputs include the: -

• Success of the accreditation exercise;
• Confidence of NUC in approving new courses;
• Excellent performance of our students in external professional examinations; and
• Recognition of our staff in global academic circles.

However, as you must know by now, we are not satisfied, and will not be satisfied till we become the best University in Nigeria and as time goes on, one of the best in the world.  We believe we can do it and we know we have your backing.

In 2005, the contribution of school fees to the total running expenditure of the University was 24.1%.  the contribution from students’ fees continues to drop, as students’ fees contributed 22% and 20% respectively in 2006 and 2007.  The rest came from the Proprietor’s funding and money we were able to raise from donations and internally generated funds.

From 2007 to the present time, our budget went up astronomically as we

• Prepared for NUC accreditation exercise;
• Upgrade and improved existing infrastructures;
• Met other demands of our growing University; and
• Topped the Federal Government 15% salary increase, so as to retain existing quality staff and attract more excellent and superior staff.

As 2009 approaches and we commence capital development of the permanent site over the new four to five years, we estimate an expenditure of between 7-8 billion naira.  The estimated fees based on a population of 3,500 students at an average of N250,000 (Two Hundred & Fifty Thousand Naira), come to N875 million.  This will represent only 12.5% of our total expenditure.

For the last three years, despite increasing cost of running the University, tuition has remained the same.  If our university is to maintain the quality and the standard we all desire, we must begin to seriously consider ways of raising more money to meet the escalating cost of attaining this standard.  On our side, we are approaching the issue through responsible utilization of available resources and an aggressive fund raising programme.  Our Proprietors are bracing themselves for the next 3-5 years when the development of our permanent site (estimated to cost 5 billion naira) will be actively pursued.

It is for this reason that the University Council, after due consideration, has decided to increase fees payable, as from the 2008 / 2009 session, beginning September 2008. Details of the increase are provided below 

With kind regards.

B. A. Adebayo, mni
Registrar & Secretary to the Council

**  Accommodation is increased by N10,000.00 across colleges
*** Fees: Increase is due to the rising inflation in the economy
*** Accommodation :  Redeemer’s University provides the following:
Bed
Furnished sitting room
Airconditioners