OAU Spends N195 Million Monthly on Electricity, Reveals 25-Year Strategic Plan to Become Global Academic Powerhouse
Abdulkareem Basit Obafemi Awolowo University (OAU) has launched a groundbreaking Strategic Plan for 2025-2050, aiming to transform the institution into a world-class center of academic excellence and research innovation, while simultaneously grappling with substantial electricity costs that drain nearly N195 million from its monthly budget. The plan was unveiled during a management conference titled 'Envisioning a Great Future: OAU Strategic Plan (2025-2050)', which brought together leading academics, experts, and university stakeholders to chart a bold new path for the institution. "We spend over N195 million monthly on electricity," Prof. Abayomi Daramola, Deputy Vice-Chancellor (Administration), candidly stated, "and we urgently need to invest in alternative energy solutions to mitigate this cost." Vice-Chancellor Prof. Simeon Adebayo Banire emphasized the plan's inclusive approach, which involved input from all faculties and departments. The strateg...