Chancellor of Augustine University, Ilara, Epe, Lagos State, and billionaire businessman, Mr. Femi Otedola has donated N4 billion to the school for the funding of an engineering complex.
“As Chancellor of Augustine University, I am proud to present my ₦4 billion donation for the construction of a new Electrical and Electronics Engineering block,” Otedola said in a post on X.
“This marks the second phase of the Dame Doja Otedola Faculty of Engineering a tribute to my beloved mother and to the power of education to transform lives. Nigeria’s future depends on the brilliance of its young people, and we must continue to invest in the institutions that shape them,” Otedola said.
In 2023, the serial philanthropist and entrepreneur had also donated a finished Block ‘A’ of Faculty of Engineering complex to the institution, with a price tag of N2 billion, and another N140 million for its furnishing.
Besides, Otedola went further to donate N110 million for the installation of streetlights and purchase of standby generator to the institution.
During the university’s 5th convocation ceremony, also, the billionaire donated N1 million each to cover tuition fees of all returning and fresh students of the institution in commemoration of his appointment as Chancellor of the university, amounting to a total of N750 million.
He said then that the gesture was to alleviate the hash economic situation in the country for the parents.
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