Covenant University Increases Pay Package

Covenant University Increases Pay Package

Covenant University Increases Pay Package

The Chancellor Dr. David Oyedepo (3rd) right flanked by Executive Secretary, Pastor Yemi Nathaniel, VC, Professor Aize Obayan and other principal officers of the University

CU has commenced the full implementation of the October 2009 Federal Government and Academic Staff Union of Universities (ASUU) Agreement of the Consolidated University Academic Salary Structure (CONUASS).

This was made known by the Chancellor of the University, Dr. David Oyedepo, at a Special Press Conference, Tuesday, at the University’s Guest House.

The Chancellor also announced a special stimulus package for the academic Staff for advancing the University’s quest of attaining world-class status and for encouraging academic productivity on a platform for healthy academic competition.

Dr. Oyedepo stated that the implementation was facilitated by a special grant from Living Faith Church Worldwide Inc., the Proprietor of the University, adding that the action had not affected the current fees structure in any way.

The Chancellor noted that the University’s Core Values and the Vision of raising a new generation of Leaders are what defined its commitment to excellence.

“We are a University blazing the trail in higher education and driven by the compelling Vision of raising a new generation of Leaders. We are set to develop the Total Man who will go out to develop his world.

“Our Core Values of Spirituality, Possibility Mentality, Capacity Building, Integrity, Responsibility, Diligence and Sacrifice are what define our commitment to excellence”, he noted.

The Chancellor also announced special publication allowances as part of incentives to motivate the entire Faculty. A publication in a Grade A International Journal would attract US$1, 000; Grade B US$500 and Grade C US$200. A publication in a Grade A local journal would attract N50, 000; Grade B N30, 000 and Grade C N15, 000.

Other allowances are for Book contributions, Patents and for Forging Quality Linkages. There would also be a Special Mentoring Incentive

On staff welfare, the Chancellor said that the University recently commissioned a new housing estate consisting of 106 Housing Units comprising 4-bedroom duplexes, 3-bedroom and 2-bedroom flats for both Faculty and Staff. This, according to him, would further stimulate a conducive environment for creativity and productivity.

Dr. David Oyedepo further explained that the University since its establishment in October 2002 the University has continued to push the frontiers of learning and blaze the trail in teaching, research and community development.

He added that the University was the first in Nigeria to introduce Entrepreneurship Studies into the academic curriculum which, according to him has consistently maintained the lead in entrepreneurship education in Nigeria.

As part of plans for the future, Dr. David Oyedepo among others reiterated among other things the University’s commitment to continuing its drive for excellence across all its academic programmes to surpass the criteria set by the National Universities Commission for programmes and institutional accreditation.

He assured that the University would continue to align with the Vision and Core Values within its entire context so as to sustain its brand.