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The Federal University, Oye Ekiti(FUOYE) has said it is setting aside about N300million for researches on an annual basis.

It said the move is to highlight its prioritisation of research in its academic endeavour.

The institution’s Vice Chancellor, Abayomi Fasina, gave the hint while speaking at a capacity building workshop for academic staff of the university on Wednesday.

At the workshop, the former Vice Chancellor, Federal University, Akure(FUTA) and researcher, Adedeji Daramola, was speaker, and addressed the importance of research, benefits and significance to a university  system.

Mr Fasina, a Professor of Soil Science stated that any university that cannot place high premium on research is dead under the 21st century economy.

The event officially unveiled  the university’s research document policy that would serve as a compass for academic staff and show the pathway to better innovation and development of the institution.

Mr Fasina said the workshop was conceptualised  to broaden the staff’s horizons, on how best to run a university system for effective  research and academic work under a modern economy.

“Let me say this, any  university without research policy is dead,” he said.

“We are sharpening our research policy and this is going to be an annual event, because we believe so much in research as an institution. 

“As scholars, we must place high priority on  research. Our staff are being nominated for TETFUND oversea studies and this will help our quest for research.”

According to him, the new funding target for research is higher that what was earmarked by his predecessor, which was N100million annually.

“We have not done so well in the past three years in the area of research. Let me announce to you that one of our  lecturers just won N20 million worth TETFund research and that is why we  are trying to encourage our staff,” he further said.

“We will go beyond  N100 million set by my predecessor annually. FUOYE Senate research fund worth N200 or N300 million will  be set aside, it can even be a  revolving fund for our academic staff.

“We can put our research outputs for patent investment to generate more IGR.”

The university witnessed a turbulent transition shortly after he took over as Vice Chancellor, but said the relative calm within the university was due to an improved welfare system that adequately catered for members of staff.

“When you take care of your staff, they will surely cooperate with you. Right now, we have started our Part Time programmes  with over 2,000 students. All our lecturers will be involved and they will be paid something. It is only when you motivate that you can  innovate,” he said.

Mr Fasina also said the university had paid hazard allowance  worth N123 million to members of staff , aside from the  N33 million e
marlier disbursed, while still targeting a sum of  N41 million to be paid by December.

“We  came 5th in the recent ranking done for Nigerian universities even beating those great universities and this was as a result of stable academic calendar, leadership and new courses,” he noted.

“Our Faculty of Medicine will soon start operation and a Professor of Medicine, Prof Patrick Adegun  is coming to set up the faculty for us”.

He said the university is also building more classrooms and lecture theatres to accommodate increasing students population in the institution.

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