…commends VC, Fasina on transformative leadership
The Federal University Oye Ekiti (FUOYE), and the institution’s Governing Council at a retreat in Lagos unanimously brainstormed on the transition of the university into a “digitally driven, entrepreneurially oriented and globally connected university over the next twenty -five years.”
Besides, it was agreed that FUOYE, which had competed globally, would no doubt strengthen financial sustainability and resilience through “revenue diversification, including endowments, alumni-giving, public-private partnerships, grants and enterprise-based income streams while maintaining affordability and access.”
These decisions, according to a statement at the weekend by the university Public Relations Officer, Mr. Foluso Ogunmodede, were agreed upon at a two-day Council-Management Strategic Retreat at Elomaz Hotel Lagos.
At the retreat entitled “FUOYE beyond today: Strategic Alignment, Governance, Partnerships and Financial Sustainability for the next 25 years –2025-2050,” the management of the institution lauded FUOYE outgoing Vice-Chancellor, Prof. Abayomi Sunday Fasina for demonstrating what was described as “commendable leadership throughout his tenure during which the university recorded significant milestones in academic development, research visibility, infrastructural expansion and overall institutional strengthening.”
Professor Fasina was specifically commended for his contributions to the growth and stability of Federal University Oye Ekiti than when he met it about five years ago.
Also commended was the incoming Vice-Chancellor, Prof. Joshua Olalekan Ogunwole especially his seamless, transparent and credible appointment which was widely recognised as a model for good governance and due process in university administration.
Although both the outgoing and the incoming Vice-Chancellors were actively involved in the initiation and development of FUOYE’s 25-year strategic plan, a factor considered critical for leadership continuity, institutional stability and the smooth and effective implementation, the proposed 25-year strategic plan would provide a realistic, phased and costed roadmap for FUOYE’s future development.
However, in a communique, the Council-Management resolved to work collaboratively with a view to ensuring that FUOYE by 2050 would stand amongst world’s leading universities, digitally empowered, financially sustainable, ethically grounded and socially responsive.
Accordingly, they resolved amongst others, that;
“The Federal University Oye Ekiti would deliberately transition into a digitally driven, entrepreneurially oriented and globally connected university over the next twenty-five years in line with the vision articulated in the strategic plan;
“The university shall strengthen financial sustainability and resilience through the diversification of revenue sources, including endowments, alumni giving, public-private partnerships, grants and enterprise-based income streams while maintaining affordability and access;
“Governance systems and processes shall be reinforced to ensure clear role delineation, transparency, accountability, ethical leadership and performance-based management across all levels of the university; and
“Risk management, campus safety and institutional resilience shall be mainstreamed into strategic planning and operational decision-making to safeguard the university’s stability, reputation and long-term sustainability”, the statement said.