The Rector of the institution, Engr. Dr Abdul Jimoh Muhammed, disclosed this at a press conference in Ilorin on Wednesday.
He also appealed to the state government to, among other things, stop the selling of the institution’s land by land grabbers.
According to him, unauthorized structures have been springing up on both sides of the road leading to the main gate of the institution and constitute a great challenge to the security of the school.
Jimoh decried the problem of funding facing the institution, explaining that millions of naira was required each time the school faces accreditation and re-accreditation of its academic programmes and rehabilitation of obsolete structures.
The rector said the institution was investing huge sums of money in partnering with various security agencies in the area of provision of security as a result of encroachment on its land.
He appealed to the government, the alumni association of the institution and philanthropists to come to the rescue of the school by constructing a security fence around the polytechnic.