UNILAG Unveils N5bn Endowment Fund, Seeks Alumni Support for Development
Funmi Ogundare The University of Lagos (UNILAG) weekend launched a N5 billion endowment fund to strengthen its financial sustainability, upgrade infrastructure, promote research and innovation, and improve teaching and learning
The University of Lagos (UNILAG) recently launched a N5 billion endowment fund to enhance its financial stability, upgrade facilities, promote research and innovation, and improve educational quality. During the 2026 Young Alumni Stakeholders and Engagement Programme, Vice-Chancellor Prof. Folasade Ogunsola urged alumni, corporate entities, and other supporters to contribute financially, form partnerships, and provide mentorship.
The endowment fund seeks to ensure sustainable funding, with the principal protected and invested to generate returns for ongoing support. Contributions can range from substantial donations to small, regular payments. UNILAG's Vision 200 campaign aligns with its Future-Ready Agenda, focusing on financial restructuring, infrastructure development, reputation enhancement, and manpower development.
The university is also exploring alternative energy sources to reduce electricity costs and strengthening its academic workforce through staff development programs.
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