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Herbert Wigwe, co-founder of Nigeria’s biggest bank by assets, is investing in a new $500 million university to help build skills needed for the finance and technology industries in Nigeria.
Wigwe University will begin admitting students for undergraduate courses next year, Wigwe, chief executive officer for Access Holdings Plc, said in an interview in Lagos with Bloomberg.
The new Wigwe University will offer courses in management, science and engineering, information technology and creative arts.
Wigwe is planning to recruit 30% of teaching staff from the UK and the US. Tuition fees will be about $12,500 plus 3.5 million naira ($4,171) a year.
The banker will teach and mentor students and also engage some of the country’s biggest entrepreneurs including billionaire Aliko Dangote, Africa’s richest man, Wigwe said.
The university expects to enroll 1,400 students next year, which may rise to 10,000 in five years.
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