MAPOLY Generates N2.259bn In Eight Months

of the Moshood Abiola Polytechnic, Abeokuta says it has generated over N2,259
billion within eight months as against its internally generated revenue target
of N2.478 billion which represents over 91% of its target in the current fiscal

Institution’s Rector, Prof. Oludele Itiola disclosed this while receiving the
members of the Ogun State House of Assembly Committee on Education, Science and
Technology in his office in Abeokuta.

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Itiola said that out of the revenue generated, the sum of N58m was spent on
furniture, N3.6m expended on purchase of library books and equipment, while
another N43.7m was spent on other equipment.
added that over N114m was expended on the construction of building and other
infrastructure, just as another N37.4m was spent on rehabilitation / repairs of
office buildings.
Rector explained that rehabilitation / repairs of street lights gulped N3.3m,
while N6.2m was expended on computer software acquisition while accreditation,
training of personnel and land preparation / fencing took N16.2m and N18.4m
respectively amounting to a total of N379m for total capital expenditure as at
August 2015.
Itiola assured that the institution was committed to producing high quality
human capital that could compete favourably with its counterparts across the
globe, saying they would put in more efforts to surpass the current achievement
in the next fiscal year.
the Chairman of the Committee, Hon Oludotun Fasanya charged the authorities of
the institution to strive harder in sustaining qualitative and affordable
tertiary education programme to the people with less financial burden on the
parents and students.