FUPRE accuses agencies of starving it of funds
The slow pace of development at the Federal University of Petroleum Resources Effurun (FUPRE), Delta State has been blamed on lack of funding by relevant agencies.
Its pro-chancellor, Prof. Shehu Abdullahi Zuru, said the law establishing the university mandates the Petroleum Technology Development Fund (PTDF), Nigerian National Petroleum Corporation (NNPC) and allied agencies to donate two per cent of their yearly budgets for infrastructure and other programmes at the ivory tower.
He noted that the development was hampering the specialised institution from delivering on its mandate of impacting positively on the nation’s oil and gas sector.
According to Zuru, the unavailability of the requisite funds to procure modern equipment meant that the university had remained unable to achieve its lofty goals.
His words: “It is explicitly stated in the FUPRE Act that these agencies should give two per cent of their annual budgets to fund the university. The agencies know themselves and they have not been fulfilling this obligation. We are are appealing to them to provide the requisite funding so that the university can attain greater heights.”
The vice chancellor, Prof. Akii Ibhadode, who collaborated Zuru, said paucity of funds was robbing the institution of the laudable projects it had in its kitty.
Pleading with the agencies to fulfill their financial obligations to the petroleum varsity, Ibhadode said the tertiary institution was eager to develop technologies that would solve prevalent problems in the oil industry.
The vice chancellor disclosed that the university was planning to fabricate cost-effective ways of refining crude oil like the 40-barrel per day modular refinery it aims to build.According to him, the institution is seeking partnerships to finance its projects.
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