Critics Question JABU’s Revenue as CAC Gives University ₦30m Monthly

Critics have questioned the revenue and financial sustainability of Joseph Ayo Babalola University (JABU), following a disclosure that the Christ Apostolic Church (CAC) provides the institution with ₦30 million monthly to support its operations.

The disclosure, attributed to CAC President Pastor Samuel Oladele, has raised questions about how much the university generates from tuition fees, postgraduate programmes and other academic activities, and whether the income covers its running costs.

One critic questioned whether the university was generating sufficient internally generated revenue (IGR), pointing to tuition fees, postgraduate programmes and exchange programmes as possible sources of income.

The critic also questioned revenue from diploma programmes involving medical students, arguing that the university’s earnings from such programmes should be considered when discussing its financial needs.

“Which enormous capital are we talking about exactly? Are they rebuilding the lecture rooms every year?” the critic asked.

The critic further questioned whether the church was benefiting financially from the university, saying the explanation of the institution’s financial needs raised questions about the relationship between its income and the support it receives from CAC.

The comments have brought attention to an important financial question: how much does JABU earn independently, how much does it spend on running the institution, and what role does the church’s monthly contribution play in meeting the shortfall?

However, the questions do not establish that the university is making a profit or that its revenue is sufficient to cover its expenses. Those conclusions would require access to its financial statements and a breakdown of its income and expenditure.

JABU, located in Ikeji-Arakeji, Osun State, was established in 2006 by the Christ Apostolic Church. The university offers programmes across several academic fields and is marking its 20th anniversary in October 2026.

At its 20th anniversary and 17th convocation briefing, the university reported that it had awarded 10,448 undergraduate degrees over two decades. It also announced preparations to graduate another set of students at its 2026 convocation.

While the university’s academic record provides context for its two decades of operation, it does not, on its own, establish whether the institution is financially self-sustaining.

To determine the extent of its financial dependence on CAC, current figures would be needed on tuition revenue, postgraduate fees, other programme income, staff salaries, infrastructure, maintenance and other operating expenses.

The amount contributed by CAC would also need to be compared with the university’s total annual expenditure and revenue from other sources.

Neither the amount JABU currently generates independently nor the proportion of its operating costs covered by the church’s contribution has been established from the available evidence.

The financial questions raised by critics therefore remain open, with a detailed breakdown of the university’s revenue, expenditure and funding arrangements needed to establish how its finances work.