Moi university Vice chancellor has said that the institution requires more than 3 billion shillings to regain stability and operate efficiently. Speaking to members of the press, Professor Laban Ayiro said that the university has tried to cut down on costs and the ghost workers menace. A month ago, the Auditor general revealed that the institution could not account for more than 1 Billion shillings.
An internal assessment by the university council says the money will be used to pay debt and refurbish collapsing infrastructure with an inclusion of lecture halls. The VC yesterday assured students the university is on the path to recovery from its financial woes.
“The tribulations we are currently facing will soon be a thing of the past. I want you to dialogue as much over the problems you may be facing”, He said.
Ayiro addressed students at the university saying that he is committed to transform the institution to its required standards in the shortest time possible. Since he was appointed, Ayiro has initiated infrastructural programs that has earned him praises among students and from the general public.
The university has more than 7000 employees on its payroll and Ayiro says that the management also takes care of salaries paid to MTRH officers. He said that major financial, infrastructural and management challenges have stalled the growth of the Eldoret based varsity.
The VC said the college has three sources of funding including the exchequer, partnerships and internally generated funds but over time the sources of funds have not grown in proportion to the growth in students and staff population.
Ayiro said the university has not recorded tangible infrastructure development and the quality of teaching and research has lapsed to levels not expected of a national university.