Afrigather Nigerian billionaire and philanthropist Femi Otedola has donated N3.7 billion to assist construct a brand new facility for the Engineering School at Augustine College, Ilara Epe.
He made this announcement in the course of the college’s sixth convocation ceremony, the place he serves because the Chancellor.
Otedola mentioned he’s dedicated to enhancing schooling and making a top-level engineering program on the college.
In his speech, Otedola expressed delight within the college’s progress and shared his dream of constructing it a frontrunner in engineering schooling.
He talked about that the second part of the brand new constructing is nearly prepared to start, and the development needs to be completed throughout the subsequent 12 months.
“I’m blissful to announce the donation of N3.7 billion for the Part 2 constructing of the Engineering School,” Otedola mentioned. “God keen, I sit up for being right here subsequent 12 months to open the finished constructing.”
This donation follows Otedola’s earlier contribution to finish the primary part of the Engineering School.
He additionally promised N140 million to furnish the brand new constructing and N110 million to put in streetlights and a backup generator for the campus.
Otedola spoke in regards to the significance of giving college students the very best amenities and supporting the college’s mission to develop not solely good graduates but in addition college students with robust morals and values.
He needs the college to provide graduates who’re each expert and centered on serving to society.
Otedola’s donation is one other step in his long-term assist for schooling in Nigeria. In 2023, he additionally donated N1 million to every of the 750 college students at Augustine College, totalling N750 million.
The scholarships are for each new and returning college students in the course of the 2023/2024 college 12 months, displaying his dedication to serving to college students succeed.
Femi Otedola, with a web value of $1.4 billion, is certainly one of Nigeria’s richest folks and continues to make a constructive impression by supporting schooling within the nation.
