One Month After Icons Report, Students' Union Releases Bus Donation Map; Raised Amount Differs

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By Adedoyin Oguntade 
The Great Ife Students' Union provided the breakdown for the crowdfunding of the Great Ife Students' Buses on Friday, January 17. This follows the report published by The Icons Organization on December 11, 2024, which addressed the issue of accountability regarding the donations for the union buses.


According to the release, the amount that has been raised is ₦174,290. The targeted number of buses is 25, and the targeted amount to procure them is one hundred and eighty million naira (₦180,000,000). In addition, the targeted number of napeps to be procured is 25, with a targeted amount of one hundred and five million naira (₦105,000,000).

The Great Ife Students' Union launched a crowdfunding initiative in October to address ongoing transportation challenges faced by students.

The initiative aims to secure commercial buses and tricycles as sustainable solutions to the transportation crisis in the area, where Town Gboro drivers have maintained a monopoly.

Difference in Amount Raised
The Great Ife Students' Union's first budgetary sitting was held on Saturday, December 21, at Ajose Lecture Theatre. The Financial Secretary of the Students' Union, Fajuyi Ikeoluwa, presented the financial report. The opening balance was ₦166,591.85, and the current balance is ₦886,056.85. The total income from crowdfunding for the union buses is ₦223,990, and the income from the SUB ventures is ₦498,500.

Financial report presented at the last parliamentary sitting 

READ ALSO: Budgetary Sitting: Financial Secretary Presents Financial Report; Debates Ensue Over Non-Issuance of Receipts

The difference in the amount raised through crowdfunding raises questions, as the amounts are far apart. The funds stated during the parliamentary sitting were ₦223,990, while the price on the new release is ₦174,290—a difference of ₦49,700.

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