Generating support from all sections of society is the basic
principle involved in financing the development and operating
costs of the university. The University is in fact supported
by all the major stakeholders e.g. the government, business
community, general public and students.
There are two major cost components involved in financing
the university. The first is the operating expenses, which
to a major extent is being covered by the tuition fees charged
to the students. The second is the capital expenditure required
to fund construction of basic infrastructure. It is but obvious
that this cost cannot be generated from tuition fees and therefore
other sources have to be explored
Proposal for Financing University's Development Program
Procurement -Government and Local Municipality
Construction - Donations, Loan
and internal finishing. .-Indigenous as well as foreign sources
Books, Journals. - Donations, University resources.
Fellowships. - External assistance, Endowment,
Research grants -
Private donations, Government.
Operating Expenses (Salaries, Office expenses, consumable,
maintenance etc.) Tuition, Fees.