Akokite Vision 200: UNILAG unveils N5bn endowment fund to drive transformation

Detailed summary

In a move to accelerate transformation agenda and secure a sustainable funding base, UNILAG has unveiled a N5 billion endowment fund.

In a bold move to accelerate its transformation agenda and secure a sustainable funding base, the University of Lagos (UNILAG) has unveiled a N5 billion endowment and development fund under its Akokite Vision 200 initiative.

The launch was the highlight of the university’s 2026 Younger Alumni Stakeholders Engagement Programme, underscoring efforts aimed at engaging young alumni in oil and gas, technology and finance to strengthen alumni relations, build partnerships and support the university.

Folasade Ogunsola, vice-chancellor at UNILAG, speaking at the event on Friday, disclosed that the vision of the university is to build the most innovative and entrepreneurial university in Africa, rank among the top 200 universities in the world, and become an institution that nurtures enquiring minds who challenge the status quo.

“Our vision is simple to say and demanding to achieve: to build the most innovative and entrepreneurial university in Africa, one that ranks among the top 200 universities in the world, and that nurtures enquiring minds who challenge the status quo.

“We’re launching Akokite Vision 200: a campaign to raise N5 billion to establish an endowment and development fund for the whole university,” she said.

Buttressing her vision of transforming UNILAG into the most innovative and entrepreneurial university in Africa, the vice-chancellor emphasised that it takes people like young alumni and stakeholders to achieve such a goal.

Referring to the walls of the MAD House, venue of the event constructed with shipping containers, she said, “These walls are built from shipping containers.

“Someone looked at a stack of steel boxes and saw a place where ideas could live. That is the mindset of this university: we take what is raw, and we make it remarkable. We challenge the status quo.”

Moreover, Ogunsola noted that to achieve the arduous goal, the university has carved out a creed tagged FIRM. “Finance. Infrastructure. Reputation. Manpower.

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