Aliko Dangote, the president and founder of Dangote Foundation has set aside N200 billion (about $550 million) to establish a world class university in the country’s capital Abuja.
According to local media the Premium Times, the proposal has been delivered to the National University Commission, NUC
According to the Executive Secretary of NUC, Julius Okojie, the foundation intends to drive technology and research in stimulating economic growth.
Mr. Dangote hopes to float a unique university of technology with all the necessary infrastructure and best faculty members from across the globe.
The executive secretary asked the team to consult widely and look at the universities in Nigeria and abroad with a view to creating a unique university that would be different in terms of quality in all its operations, the report said.
In her remarks, the CEO of the foundation, Zouera Yousouffou said the foundation was ready to make the dream a reality with the sum of N200 billion already earmarked for the project.
The land to construct the university has already been purchased and preliminary measures were in place for the headquarters of the university at the nation’s capital city of Abuja.
