The management of Obafemi Awolowo University, Ile-Ile, has reduced school fees payable by both new and returning students of the University.
The school had earlier this month announced increment in fees payable by its student by 300 percent.
In a statement by its Public Relations Officer, Abiodun Olarewaju, the management reduced the fee payable for both old and new students by 14 percent and also approved payment on two instalment.
The statement reads: "In a rare show of administrative magnanimity, the authorities of the Obafemi Awolowo University, Ile-Ife, Osun State, have readjusted downward the sundry charges payable by the students of the University.
"This followed the meeting the University management had with the leadership of the Students Union on Monday, 25th September, 2023.
"Although the Students Union leaders were adamant that the charges be reduced by 50%, but the University management made it clear that the new charges were the minimum the University require to run efficiently.
"Accordingly, the Vice Chancellor, Professor Simeon Bamire, graciously announced that the charges initially announced have been reduced as follows:
"For the students in Humanities, the initial sundry charges of N89, 200 for returning students have been reduced to N76,000 while the new students in the Humanities, the initial fees of N151,200 have been reduced to N131,000.
"For those in the Sciences and Technology, the initial charges of N101,200, for returning students is now N86,000 while the new students in the same Faculties will now pay N141,000 instead of the initial N163,200.
"In the same vein, the returning students in the Pharmacy and College of Health Sciences will now pay N109,000, instead of N128,200. The new students in the same Faculties will now pay N164,000 instead of the initial charges of N190,000.
"The statement added that the University management has agreed that the payment can be in two equal installments.
"Meanwhile, the University portal is now open to students for payment".
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