{"id":42544,"date":"2022-09-07T19:51:03","date_gmt":"2022-09-07T19:51:03","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=42544"},"modified":"2022-09-07T19:52:36","modified_gmt":"2022-09-07T19:52:36","slug":"yabatech-set-to-launch-n50bn-endowment-fund","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/09\/07\/yabatech-set-to-launch-n50bn-endowment-fund\/","title":{"rendered":"YABATECH set to launch N50bn endowment fund"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/19\/yabatech-unveils-n50-billion-endowment-fund-logo\/\">Yaba College of Technology<\/a> <\/strong>(YABATECH) has concluded arrangements to launch its N50 billion Endowment Fund project, which is\u00a0to be chaired by a former President, Chief Olusegun Obasanjo.<\/p>\n<p>Mr Joe Ejiofor, Deputy Registrar of Yaba College of Technology, told our correspondent on Wednesday in Lagos that the event would hold Sept. 15, at Eko Hotels &amp; Suites, Victoria Island, Lagos.<\/p>\n<p>Ejiofor described the Endowment fund project as a clarion call on the alumni, friends, corporate bodies and donor\/intervention agencies to come on board the developmental train of the college.<\/p>\n<p>\u201cOver the years, the college, established 75 years ago, has continued to grapple with obvious and peculiar problems.<\/p>\n<p>\u201cThese deficits include infrastructure, obsolete and nonfunctional equipment in the laboratories, space constraints, increase in the number of academic programmes and rise in student population.<\/p>\n<p>\u201cThis Endowment fund project is to enjoin friends of the college to join the train and be counted as developmental partners so that these obvious and peculiar problems are bridged and reduced to the barest minimum,\u201d he added.<\/p>\n<p>The deputy registrar said that the College has a second campus sitting on 45 acres of land at Odoragushin in Epe.<\/p>\n<p>He said that the land was acquired with the support of the <strong><a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/17\/yabatech-deploys-aptus-pi-to-enhance-mobile-learning-in-computer-village\/\">Lagos State Government,<\/a><\/strong> during the administration of Sir Michael Otedola.<\/p>\n<p>According to Ejiofor, development in the Epe campus is going on full swing.<\/p>\n<p>He said the School of Technical Education, Department of Agric Technology, Leisure and Tourism and Marine Engineering were currently functioning for the Epe campus.<\/p>\n<p>Ejiofor said that the Endowment Fund, which started in 2018 under the current management led by Mr Obafemi Omokungbe, was to improve the lot of the institution.<\/p>\n<p>\u201cThis was given full approval by the Prince Lateef Fagbemi-led governing board, which led to the constitution of the college endowment fund committee.<\/p>\n<p>\u201cAside from financial donations, support is also expected in the form of legacy projects, scholarships and study fellowships, and donations of books, journals and teaching aids,\u201d he said.<\/p>\n<p>Ejiofor, who doubled as the Head of Public Relations, said that the endowment fund would be managed by a Board of Trustees comprising of credible Nigerians who have made giant strides in the public and private sectors.<\/p>\n<p>According to him, the mandate of the Board is to administer the fund in perpetuity and ensure judicious utilisation for the benefit of the college and the donors.<\/p>\n<p>\u201cThe main hope of a nation lies in the proper education of its youths, the N50 billion Endowment is, therefore, an idea whose time has come, an investment in the future,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Yaba College of Technology (YABATECH) has concluded arrangements to launch its N50 billion Endowment Fund project, which is\u00a0to be chaired by a former President, Chief Olusegun Obasanjo. Mr Joe Ejiofor, Deputy Registrar of Yaba College of Technology, told our correspondent on Wednesday in Lagos that the event would hold Sept. 15, at Eko Hotels [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":42551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[229,7577],"class_list":["post-42544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-infrastructure","tag-technical-education"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>YABATECH set to launch N50bn endowment fund &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/09\/07\/yabatech-set-to-launch-n50bn-endowment-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YABATECH set to launch N50bn endowment fund\" \/>\n<meta property=\"og:description\" content=\"The Yaba College of Technology (YABATECH) has concluded arrangements to launch its N50 billion Endowment Fund project, which is\u00a0to be chaired by a former President, Chief Olusegun Obasanjo. 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