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By Bolaji Okunola
Yaba College of Technology (Yabatech) on Thursday unveiled the logo for a N50billion endowment fund for the institution.
The unveiling, which took place at the College Hall, was a prelude to the launching of an endowment fund programme billed for September 15 in Lagos.
In his welcome address, Rector of the institution, Obafemi Omokungbe said the school could not wait to have an endowment fund capable of funding students, department and research programmes for generations to come.
He, however, said the project, which is scheduled to be champion by erstwhile president of Nigeria, Olusegun Obasanjo was conceived out of his administration’s desire to address challenges of infrastructural deficit, obsolete and non functional equipment confronting the college.
“ I urge all well meaning Nigerians to support the project and partner with the institution by investing in the endowment fund.
“Unveiling of the logo is the first phase of the launching. We want the world to know what we are doing through this platform,” he said.
Meanwhile, Chief Executive Officer, SIFAX Group, Dr Taiwo Olayinka Afolabi, through his representative, Bode Ojeniyi, commended the management of the college for making efforts to rebuild the 75-year-old institution.
