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Unilag ‎spends N525m on electricity, diesel in 8 months [updated]

University of Lagos (Unilag) has said that the institution spent at least N525m on electricity bills within the last eight months, generated N3 billion

Photo: The Vice Chancellor, Professor Rahamon Bello was Appointed by Unilag Governing Council and resumed appointment on Monday, 12th November 2012

University of Lagos (Unilag) has said that the institution spent at least N525 million on electricity bills within the last eight months.

According to document obtained by our correspondent on 2016 budget performance of the institution, the institution internally generated N3 billion ‎and spent it on projects.

The report indicated that the institution used ‎N358 million to pay electricity charges .

Meanwhile, N167 million was spent on diesel in 8 months an equivalent of N20 million on diesel per months in Unilag.

The sources that made up N3 billion generated internally by the institution are Receipts from students N732 million, university enterprise- N670 million other receipt – N1.6 billion.‎

See document below:

University of Lagos (Unilag) has said that the institution spent at least N525m on electricity bills within the last eight months, generated N3 billion

This a document on University of Lagos 2016 budget performance (8 months Report). The institution generated N3 billion in 8 months.

University of Lagos (Unilag) has said that the institution spent at least N525m on electricity bills within the last eight months, generated N3 billion

In the IGR the Institution used 358,183,799 million for elecricity charges [N167 million for diesel in 8 months. That is to say Unilag spends N20 million per months on diesel

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