Otti to highlight opportunities in fuel subsidy removal at UNN 63rd Founders’ Day lecture

Governor Alex Otti of Abia State will on Thursday, October 5, 2023 deliver the 63rd anniversary lecture of the University of Nigeria, Nsukka (UNN).

The institution’s Vice Chancellor, Prof. Charles Igwe disclosed this in Enugu at a press briefing to mark the commencement of a week-long programme of event for the university’s founders day celebration.

Igwe said that Otti would speak on the theme: “Petroluem Subsidy Removal: Dealing with the Challenges, Harnessing the Opportunities.”

Igwe said Otti, an alumnus of the university, was chosen to deliver the lecture because his renowned background as a celebrated economist, who had worked with different banks before delving into politics.

“As you may know, Dr. Otti is a renowned and celebrated economist. He had a remarkable career as a banker and rose to become the executive director at First Bank PLC and later, the Group Managing Director of the defunct Diamond Bank PLC,” Igwe pointed out.

Igwe also disclosed that as part of the activities marking the celebration, on Friday October 6, 2023,  the returning officer in the March 18 Governorship Election in Enugu State and Vice chancellor of Michael Okpara University of Agriculture, Umudike, Abia State, Prof. Maduebibisi Ofo Iwe, would deliver a lecture on alumni association titled: “Assessing the Impact of Alumni Association in the University of Nigeria, Nsukka.”

Igwe, who reeled out some of the achievements his administration had made in the university in the last four years, said he had done his best to get capital allocation, NEEDS assessment and TETFund intervention, pointing out that such interventions had helped him to complete a number of projects and to embark on new ones.

The VC while noting that UNN hitherto did not have a Senate Building, disclosed that today, “I am happy to announce that our dream of a befitting Senate building is closer to reality than it has ever been.”

He however lamented that inadequate resources, high cost of running the institution, including paying very high on electricity and deseil to run generators in the absence of power supply, had been some of the major challenges affecting his set goals.

According to him, the University spends over N80 million on electricity bill on a monthly basis, a cost he lamented that is bearing down on their lean resources.


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