Loyola College Alumni launch ₦750m Endowment Fund to secure school’s future
Alumni of Loyola College, Ibadan, have launched a ₦750 million endowment fund to secure the school’s long-term future through infrastructure renewal, human capital development and sustainable institutional funding. The initiative, announced by the Loyola College Old Boys Association (LOCOBA), seeks to mobilise support from alumni, friends of the school and other stakeholders to strengthen one […]…
Loyola College alumni in Ibadan have established a ₦750 million endowment fund to guarantee the school's long-term prosperity through infrastructure upgrades, human resources improvement, and stable financial backing. The Loyola College Old Boys Association (LOCOBA) spearheaded this endeavour, aiming to engage alumni, friends of the institution, and other stakeholders in enhancing the renowned secondary school's academic achievements, character development, and leadership growth.
The endowment fund tackles infrastructure, maintenance, and capacity development obstacles fueled by dwindling government support for education. Instead of one-off fundraising endeavours, it serves as a lasting institution support mechanism. Certain funds will be allocated to key projects, while the remainder will be expertly managed to create steady revenue for upkeep and future necessities.
Primary targets encompass the restoration and outfitting of science labs, renovation of essential infrastructure, teacher growth programmes, student leadership endeavours, sports development, and initiatives to enhance educational results. Fundraising endeavours have commenced, with multiple alumni pledging initial backing as anchor donors.
Loyola College, established in 1954, has produced many leaders and professionals who have made significant contributions to various sectors. For more details on the Endowment Fund, including contribution methods and involvement specifics, interested parties can reach out to the Treasurer, Mr. Oluwole Ekemode, at 0803 370 6075. Further information can also be obtained from Mr. Alawode Churchill, Publicity Secretary of the Loyola College Old Boys Association (LOCOBA), at 0803 368 0751 or via email at locobaworldwide@gmail.com.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
