YabaTech Unveils N50Billion Endowment Fund Logo

Special Guest of Honour and the Principal Officers of the College unveiling the Endowment Logo

By Ayo Ajayi

As part of the preparatory activities toward the launching of the N50 billion endowment fund, the Yaba College of Technology has unveiled the event’s logo.

The event took place at the college yesterday.

Addressing the audience, the Special Guest of Honour and Chairman, Sifax Group, Barrister Taiwo Afolabi charged the alumni association of the college to take the lead in providing more for the institution before any other associates could support it.

Barrister Afolabi who was represented by the Group’s Executive Director, Mr Bode Ojeniyi also commended the thought process behind the institution of the endowment fund. He promised the support of his organisation towards the event.

In his remarks, the Rector of the college, Engr. Femi Omokungbe noted that the unveiling of the logo was the first phase of the launching of the endowment fund.

He added that since the government could no longer adequately fund education, there was the need for all to rise and rescue the college from collapse, “The endowment fund was therefore conceived out of our desire to address the challenges of infrastructural deficit, obsolete and non-functional equipment confronting the college.

“I want to call on all well-meaning Nigerians to support our course and partner with the college by investing in the Endowment Fund,” he stated.

The Chairman, College Endowment Fund Committee, Mr Ubong Inyang-Udo, who is also the Deputy Rector, Administration affirmed that there was no gainsaying the fact that improving access to education and ensuring the quality of such education are the most important things that could be done for the present and future generations of Nigeria.

“For this reason, we in Yaba College of Technology have decided to do something to improve and sustain the legacy of education in the college through this 50 Billion naira Endowment Fund launch, which takes the form of cash donations, legacy projects to provide more classrooms, lecture halls, workshops and laboratories as well as books and scholarships with the intent to taking out more of our youths off the streets and making our products to be more globally competitive,” he explained.

The event was attended by other principal officers, staff and friends of the College.

(Visited 183 times, 1 visits today)