ROTARY INTERNATIONAL: SERVICE ABOVE SELF AN IDEOLOGY WORTHY OF EMULATION (4) “Based on these facts, it would be impossible for Nigerian Universities to compete favourably with any of the top universities in the world let alone drive innovation and maintain qualitative levels of delivery without donations, endowments or gifts from sources other than government”. Last week…

PROPOSED REINTRODUCTION OF TOLL GATES ON FEDERAL ROADS (1) “On a particular occasion, I instructed some of my lawyers to observe the volume of traffic from three points on the Lagos-Ibadan Expressway over a 24 hour period. The volume of vehicular traffic observed and the expected revenue from these was mind blowing”. Recently the Federal…

  “From an exchange rate of about 1.5 dollars to the Nigeria currency at independence in 1960, our currency now exchanges at the rate of about 230 Naira to a dollar. While our currency exchanged at 1 Nigeria pound to a British pound, our naira now exchanges at about 350 naira to a pound. This…

“Prior to the first devaluation of naira in the 80s, naira exchanged favourably with major currencies. A university graduate could hope to save enough money few months after graduation, sufficient to purchase a brand new car. With drop in value of naira, the car became a commodity out of the reach of many university graduates….

“It will be a disaster if the proposition of further devaluation of Naira is accepted by Buhari led government. To avoid further devaluation, the government is advised to embark on nine deliberate economic and political measures stated herein” As I stated last week, the devaluation of the Naira over the years and in recent times…

“Lagos should be accorded the necessary legislative status and the financial muzzle to stand in this position”. Modern-day Lagos, then called Eko, was founded by the Binis in the 16th century. The Portuguese explorer, Ruy de Sequeira, who visited the area in 1472, named the area around the city Lago de Curamo, with the present…

“Government (federal, state and local government) should link up with financial institutions to provide loans at low rate as it obtains in other countries to enable them pay adequate fees to their institutions. These fees will in turn provide the necessary funds which the university needs to provide and maintain quality

READERS’ COMMENTS “I will like to implore Chief Babalola to please for posterity sake expand the scope of the topic and publish the series as a book. It will go a long way to guide or policy makers on how to improve the standard of education in Nigeria” – Adewuyi Adegbite  “It has been nice…

“Government (federal, state and local government should link up with financial institutions to provide loans at low rate as it obtains in other countries to enable them pay adequate fees to their institutions. These fees will in turn provide the necessary funds which the university needs to provide and maintain quality education”.

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