OAU gets N1.3 billion grant from World Bank

OAU
Obafemi Awolowo University

The grant would be used to establish an African Centre of Excellence.

The Obafemi Awolowo University, OAU, Ile-Ife, has received a grant of $8 million (N1.3 billion) from the World Bank.

This is contained in statement signed by Abiodun Olarewaju, the Public Relations Officer of the University and made available in Osogbo on Wednesday.

Mr. Olarewaju said that the grant would be used to establish an African Centre of Excellence with specific focus on the University Knowledge Park (OAK-Park).

The PRO quoted the Vice Chancellor of the university, Bamitale Omole, as saying that the OAK-Park will “create a nationally recognised and internationally acknowledged model for research and technology’’.

Mr. Omole said that the centre would ensure the systematic incubation of research ideas and products from OAU and other partnering institutions in West African.

“The objective is to annex the creative and innovative energy of the teeming youths into entrepreneurial endeavour by using appropriate skill-enhancing training and mentoring.

“Specifically, the OAK-Park facility will, among other things aspire to stimulate creativity and excellence in research and innovation,” Mr. Omole said.

(NAN)


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.