• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Saturday, January 28, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Why Arsenal Are Winning- Guardiola

    Why Arsenal Are Winning- Guardiola

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Beyonce rakes in $320k per minute for Dubai concert 

    Beyonce rakes in $320k per minute for Dubai concert 

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Eight states register for NSSFF American Football Championship

    Eight states register for NSSFF American Football Championship

    Big Brother Titans: 20 Housemates Compete For $100,000

    Big Brother Titans: 20 Housemates Compete For $100,000

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Why Arsenal Are Winning- Guardiola

    Why Arsenal Are Winning- Guardiola

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Beyonce rakes in $320k per minute for Dubai concert 

    Beyonce rakes in $320k per minute for Dubai concert 

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Eight states register for NSSFF American Football Championship

    Eight states register for NSSFF American Football Championship

    Big Brother Titans: 20 Housemates Compete For $100,000

    Big Brother Titans: 20 Housemates Compete For $100,000

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Lagos News

Private Sector, Alumni, Others Support Yabatech N50b Endowment Fund

by Segun Adewunmi
September 28, 2022
in Lagos News
3 min read
0
0
Private Sector, Alumni, Others Support Yabatech N50b Endowment Fund
Share on FacebookShare on Twitter

Yaba College of Technology held its fifty billion naira endowment fund recently in Lagos. The event showed one of the ways public tertiary institutions can be funded in Nigeria which is through endowment fund, even in the face of scarce funding allocations from the federal and state governments.

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

The rector of Nigeria’s first educational institution, Engineer Obafemi Owoseni Omokungbe, who addressed the audience on the historic day, said the institution, Yaba College of Technology, which is in its 75th year, is now a burden on its management as the college is replete with decayed and inadequate infrastructure, growth beyond existing facilities and other challenges which has led to delay in takeoff of new programs, 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 funds.

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 overemphasised, 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.

“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 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 share 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 personal donation.

Former president, Chief Olusegun Obasanjo who was the chairman of the fund raising event was represented by Pastor Dotun Ojelade.

Minister of Education, Mallam Adamu Adamu, represented by Deputy Vice Chancellor of the University of Lagos, Prof. Bola Oboh were later presented with awards in appreciation of their commitment to the endowment fund.

The endowment fund held at Eko Hotel and Suites attracted dignitaries, royal fathers to name a few. The event was co-anchored by Mrs Dayo Banjamin-Laniyi and Mr Adedeji Odulesi, a global corporate MC.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: Yaba College of Technology (YABATECH)
Previous Post

SEC, others seek urgent passage of CISI Bill

Next Post

Fighter jets escort Singapore Airlines plane after bomb hoax

Segun Adewunmi

Segun Adewunmi

Related Posts

LASG Applauds Support for Conversion of State Polytechnics, Colleges to Universities

Lagos Govt Moves Against Quackery, Malpractice In Health Sector

by Segun Adewunmi
January 27, 2023
0

The Lagos State government has deepened supervision of its Health Facility Monitoring and Accreditation Agency (HEFAMAA) by engaging services of...

Nigerian Police Appoints Former Spokesperson, Frank Mba As Lagos Commissioner, Owohunwa For Ogun State

Nigerian Police Appoints Former Spokesperson, Frank Mba As Lagos Commissioner, Owohunwa For Ogun State

by Rosemary Opara
January 26, 2023
0

The Nigerian Inspector General of Police (IGP), Alkali Baba, has approved the redeployment of two commissioners of police to Lagos...

Next Post
Fighter jets escort Singapore Airlines plane after bomb hoax

Fighter jets escort Singapore Airlines plane after bomb hoax

Please login to join discussion

Recommended

Police Inspector Allegedly Rapes Undergraduate in Lagos’ Ipaja Community

How Seven Men Allegedly Gang-raped 13-year-old Girl

11 months ago
Can the Covid-19 plastic waste problem generate business opportunities?

Can the Covid-19 plastic waste problem generate business opportunities?

2 years ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency Academic Staff Union of Universities (ASUU) ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu ASUU Strike Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Donald Trump Drug Trafficking EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command Muhammadu Buhari Murder Naira NDLEA Nigeria Rape Strike action UK United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: