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A/Ibom University To Commence Palm Oil Feeds Production
A/Ibom University To Commence Palm Oil Feeds Production
08/02/2017 (Leadership Newspapers) - In an effort to improve on the internally generated revenue, Akwa Ibom State University, AKSU says it will soon commence the production of Palm Oil and animal feeds from its integrated processing mill which is being installed at the Obio-Akpa campus of University.
The Vice-chancellor of the University, Prof. Eno Ibanga, made the disclosure, yesterday while conducting members of the House of Assembly committee on Appropriation and Finance round the resuscitated Oil Palm processing mill and a feeds production mill to be used by lecturers and students in the faculty of Agriculture for practical’s and other academic research activities in the faculty.
Aside serving the academic needs of the students, the mill according to him will be economically viable as it is expected to boost the internally generated revenue, IGR of the university.
The VC who intimated the lawmakers that the mill will be selling its products to buyers from within and outside the state said the University has decided to key into the industrialization agenda of the current administration in the state, saying the feeds and oil palm mill will provide jobs and create wealth for the university and the state by extension.
He hinted that about N25 Million has been spent in the upgrade of the mills
The V/C disclosed that the university was able to generate N250 Million internally from fees charged students, explaining that N70 Million was spent in the construction of mass communication studio building and installation of studio equipment.
Reacting, Chairman of the House committee on Appropriation and Finance, Hon. Usoro Akpanusoh commended the university management for making judicious use of funds. He explained that the purpose of the visit was to afford the committee an opportunity to assess how the institution expended funds it collected from government in 2016 and to also find out how the internally generated funds of the university was expended.
The lawmakers were conducted round the state of the art mass communication studio, university theatre building, language laboratory and other facilities provided at the Obio-Akpa campus by the Prof. Eno Ibanga led administration.
Other members of the committee who were present during the visit including, the Deputy Chairman, Hon. Ime Okon, Hon. Aniefiok Dennis, Hon. Aniekan Uko and Hon. Uduak Ududo, lauded the VC of the university for making a positive impact in the school within the period of one year and some months since he came on board as Vice-chancellor.
The Vice-chancellor of the University, Prof. Eno Ibanga, made the disclosure, yesterday while conducting members of the House of Assembly committee on Appropriation and Finance round the resuscitated Oil Palm processing mill and a feeds production mill to be used by lecturers and students in the faculty of Agriculture for practical’s and other academic research activities in the faculty.
Aside serving the academic needs of the students, the mill according to him will be economically viable as it is expected to boost the internally generated revenue, IGR of the university.
The VC who intimated the lawmakers that the mill will be selling its products to buyers from within and outside the state said the University has decided to key into the industrialization agenda of the current administration in the state, saying the feeds and oil palm mill will provide jobs and create wealth for the university and the state by extension.
He hinted that about N25 Million has been spent in the upgrade of the mills
The V/C disclosed that the university was able to generate N250 Million internally from fees charged students, explaining that N70 Million was spent in the construction of mass communication studio building and installation of studio equipment.
Reacting, Chairman of the House committee on Appropriation and Finance, Hon. Usoro Akpanusoh commended the university management for making judicious use of funds. He explained that the purpose of the visit was to afford the committee an opportunity to assess how the institution expended funds it collected from government in 2016 and to also find out how the internally generated funds of the university was expended.
The lawmakers were conducted round the state of the art mass communication studio, university theatre building, language laboratory and other facilities provided at the Obio-Akpa campus by the Prof. Eno Ibanga led administration.
Other members of the committee who were present during the visit including, the Deputy Chairman, Hon. Ime Okon, Hon. Aniefiok Dennis, Hon. Aniekan Uko and Hon. Uduak Ududo, lauded the VC of the university for making a positive impact in the school within the period of one year and some months since he came on board as Vice-chancellor.