House Committee commends YABATECH on funds utilisation
House of Representatives Committee on Tertiary Education and Services has commended Yaba College of Technology (Yabatech) for prudent utilisation of funds and the many projects completed by the institution within a short period.
The Committee chairman, Aminu Sulaiman said the visit was part of their oversight function as it afforded them the opportunity to assess the utilisation of funds allocated to Ministries, Departments and Agencies (MDAs) under their purview, so that they could give commendations or knocks where necessary.
“We cannot solely rely on reports and records sent to us by these MDAs, not that we do not trust them, but in fulfilment of the requirement of the law, we have to follow due process by ensuring that each MDA justifies the funds allocated to it. It also affords us the opportunity to assess areas of needs,” he said.
Sulaiman also lauded YABATECH management for its cordial relationship with the labour unions and urged other institutions to emulate the college by promoting industrial harmony.
In her remarks, the Rector, Mrs Margaret Ladipo sought the support of the committee for the quick enactment of the Polytechnic Act to assist in the smooth running of the sector.
“The paucity of funds for running the polytechnics has been a nightmare we all have to share. I am using this opportunity to appeal that the committee uses its good office to help shore up funds allocation to the sector, and assist the college in developing the its campus to further expand the carrying capacity of the institution.
“The constraint of space has made it expedient for management to look towards the Epe campus for future physical growth. The campus is a 46 -hectare parcel of land donated to the college by the Lagos State Government for educational development in 1986.
“The challenge of transforming a virgin land into a vibrant and full-fledged academic campus is enormous. It will entail the provision of infrastructure and drainage, such as road water reticulation, power supply network, fencing, and many other usages. This is why the land area of the campus is only about five per cent utilised in spite of its acquisition since 1986.