The students' union and management of Ondo state-owned Adekunle Ajasin University Akungba Akoko, have finally reached a consensus on the reduction of fees of the institution.
In a release signed by the institution's registrar, M.S. Ayeerun, a new fees structure have been approved by the university.
This follows a similar release issued by the students' union yesterday, where it directed students to proceed with payment of their school fees.
The union's release which was jointly signed by the Student Union President, Olawale Ijanusi and Secretary, Adekunle Ayo-Lawrence came after the congress the students had in the university.
"In respect of the just concluded Congress, and stakeholders' meeting that followed after; we implore students to proceed with necessary registration as the University academic Calendar starts running.
"A communiqué will be conveyed to the management and the Government on the resolution of the Congress and the stakeholders meeting that followed," part of the students' statement read.
"Students are also to note that the deadlines for online screening, registration and payments would be strictly adhered to.
"Fresh students in the Faculties of Arts and Education are to pay ₦100,000 per session or ₦50,000 per semester.
"Fresh students in the Faculties of Agriculture, Law, Science and Social and Management Sciences will pay ₦150,000 per session or ₦75,000 per semester.
"All final year students (400Levels & 500Levels) are to pay ₦70,000 per session or ₦35,000 per semester.
"Other returning students (200Levels & 300Levels) in the Faculties of Arts and Education will pay ₦80,000 per session or ₦40,000 per semester," the Registrar said.
Students of the university and the government have been in a running battle after the government announced an increase in the school fees of the University.
The increased fees had students who were paying between N23,000 and N27,000 to start paying between N120,000 and N200,000.
This increase saw the students embark on a peaceful protest across Akure the state capital which lasted for three days.
It took the intervention of the State Governor, Rotimi Akeredolu before the students could suspend the protest after which they entered into negations with the government.
The negotiations between the students and the government resulted to the new reduced fees structure.