UNIBEN unveils N100bn development fund to upgrade infrastructure, research

The University of Benin (UNIBEN) has officially launched a N100 billion Trust Development Fund aimed at significantly upgrading its infrastructure, strengthening academic programs, and expanding research capabilities. The initiative was unveiled on Saturday, with the Minister of Education, Dr. Tunji Alausa, attending as the special guest of honor. He highlighted that the fund aligns with the Federal Ministry of Education's Nigerian Education Sector Renewal Initiative, which seeks to modernize education through innovation, strategic partnerships, improved governance, quality assurance, digital transformation, broader access, and sustainable financing. Represented by Professor Joseph Ahaneku, the pioneer Vice-Chancellor of the National University of Science and Technology, Abuja, Dr. Alausa emphasized that every contribution to the fund represents an investment in the nation's future, its youth, and subsequent generations. He expressed confidence that collective efforts can build financially resilient, academically excellent, technologically advanced, and globally competitive institutions. Former Minister of Works and alumnus, Babatunde Fashola (SAN), who chaired the occasion, noted that the university's growing population necessitates increased resources. He urged alumni and other potential donors to contribute, framing the fundraising as a way to ensure the enduring legacy of the university's founders. Edo State Governor, Monday Okpebholo, acknowledged that government funding alone is insufficient for higher education's expanding needs, appealing for generous contributions from corporate organizations, alumni, and individuals. Pastor Osagie Ize-Iyamu, Chairman of the Trust Development Fund, described the initiative as a strategic platform to supplement public investment, mobilize additional resources, foster innovation, and build sustainable partnerships for institutional transformation. He stressed that while government support is vital, the demands of 21st-century higher education require robust collaborations with alumni, philanthropists, corporations, foundations, and development partners.

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every investment or donation made is an investment in the future of our nation, our youth and the generations yet unborn.