• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Private Sector, Others Support Yabatech N50b Endowment Fund

by Samuel Abulude
3 years ago
in Education, News
Yabatech
Share on WhatsAppShare on FacebookShare on XTelegram

Yaba College of Technology held its fifty billion naira endowment fund in Lagos recently, and the event showcased some of the ways public tertiary institutions can be funded in Nigeria.

Advertisement

In the face of scarce funding allocations from the federal and state governments, it stressed that tertiary institutions can be funded through endowment funds.

The event had different private sector operators, stakeholders and alumni of the institution rally and donated appreciatively to the needed cause.

The rector of the institution, Engineer Obafemi Owoseni Omokungbe, who addressed the audience on the historic day, said in its 75th year,  said the college is replete with decayed and inadequate infrastructure and other challenges which has led to delay in takeoff of new programmes, restricted research ideas, space constraint for expansion and not too conducive environment for learning and teaching.

Omokungbe added that the acquisition and development of a second campus at Epe to solve the problem of space in the main campus, is also hampered with inadequate lack of funds.

RELATED

Solid Minerals Get Only N24bn Capital Budget Despite Needing N250bn

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

17 minutes ago
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

18 minutes ago
ADVERTISEMENT

Nigeria’s Vice President, Professor Yemi Osinbajo who sent a pre-recorded message said that the need for endowment funding for higher institutions of learning cannot be overemphasized, as it has regularly supported other institutions particularly in developed countries and  helped drive some of the most important global discoveries across different sectors.

The vice president said, “In addition to government funding, there must be robust private sector interventions to further drive world-class, ground-breaking research and cutting-edge innovation in the country’s higher institutions of learning.”

Osinbajo also urged YABATECH to open an endowment office as it is done in other climes to further drive its objective of providing a world class institution of technology.

ADVERTISEMENT

“Yaba College of Technology is one of the best institutions to use as proof of the concept that we can indeed develop world-class higher institutions for innovation, and research using both private and public-sector finance.

“We must augment the government’s finest intentions with our individual and collective desires to see us do better, to see Africa do better; to see our children step into global arenas of enormous and unprecedented opportunities. One thing is clear, young Nigerians will always rise to the stature of the challenges the world presents them, and even beyond, if we continue to provide a platform for them to stand on.”

“It is no mistake that one of the largest economies in the world, and arguably the most technologically advanced, also has some of the best and most prestigious universities. American colleges and universities have been sustained and supported by endowments for over 300 years,” he added.

One of the alumni of Yabatech, Mr Seun-Jaiyesinmi, noted that the school helped to shape what he had achieved today. Jaiyesinmi who is of the ’97 set said, he was elated at being part of history and he was desirous of the school gaining back its glory days, as with proper funding, vision, the school would birth a generation of impactful innovators.

 

During the donations segment, SIFAX Group and MOMAS gave their massive financial support of a hundred million naira and ten million naira respectively.

 

There were various other donations including Dr Henry Ukpe who shared a moving story of how he built a radio station worth N40m and handed it over to the institution, also to give N2m for next three years.

 

Engr Yekini Nureni, a member of Yabatech and zonal co-ordinator of Academic Staff Union of Polytechnics ASUP donated five million naira as a personal donation.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Yabatech
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

PDP Crisis: I Stand With Wike, Ortom Declares

Next Post

Imo And High Turnover Of  Speakers

Samuel Abulude

Samuel Abulude

You May Like

Solid Minerals Get Only N24bn Capital Budget Despite Needing N250bn
News

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

2025/08/27
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts
News

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

2025/08/27
Kola Confesses Feelings To Dede
Entertainment

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

2025/08/27
IGP Redeploys FCT, Delta, Rivers Police Commissioners
News

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

2025/08/27
2nd Anniversary: Otti’s Gov’t Lacks Accountability, Transparency — Abia APC
News

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

2025/08/27
Oborevwori
News

Dafinone Felicitates Gov Oborevwori, Deltans On 34th Anniversary

2025/08/27
Leadership Conference advertisement

LATEST

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

‘Tinubu Directed Me To Work With You’, New APC Chair Yilwatda Tells Ganduje

Dafinone Felicitates Gov Oborevwori, Deltans On 34th Anniversary

Ex-Kogi Senator Faces Criminal Prosecution Over Failure To Pay Tax, Others

Police Restore Order In Lagos After Deadly Clash, Declare Land Grabber Wanted

We’re Committed To Tackling Climate Change Challenges — AbdulRazaq

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.