UniAbuja Ventures, Norrenberger To Raise N50bn For Infrastructure Development

UniAbuja Ventures Limited has struck a strategic partnership with Norrenberger for N50 billion joint investments to create viable infrastructure projects and investments in profitable economic ventures.

The managing director of UniAbuja Ventures Limited, Mr. Teslim Balogun Sanni-Aba, made the revelation in Abuja during the groundbreaking event at the university’s main campus.

This was contained in a statement signed by Mr Teslim Sanni-Aba and made available to LEADERSHIP in Ilorin, Kwara State, yesterday.

Sanni- Aba said, “the strategic partnership with Norrenberger, a reputable financial services group is to facilitate broad-based development of infrastructure and investments in UniAbuja in line with global best practices.

“The business arm of UniAbuja, a brainchild of the immediate past vice chancellor, Prof. Abdul Rasheed Na’Allah, is poised for self-reliance, the hallmark of contemporary university vision across the globe.”

“UniAbuja Ventures Limited has as its core mandate the entrenchment of self-sufficiency groundbreaking projects through a strategic partnership that would facilitate combined investments of N50 billion to boost the economy of the university community.

“These will be harnessed through a payment system that will be enabled by a Microfinance bank that has been positioned for the scheme,” he added.

Sanni-Aba said that Norrenberger will play a pivotal role as the financial adviser, ensuring each initiative’s successful implementation and sustainability.

He acknowledged Prof. Na’Allah’s visionary leadership, which “aims to attract international attention to these projects, position them as trail-blazing initiatives, and reshape the education sector.”

“This initiative is expected to evolve into a compelling “African Story”, inspiring other institutions to embrace change and innovation within the Nigerian education sector, “ he said.