{"id":17884,"date":"2026-11-14T21:46:07","date_gmt":"2026-11-14T21:46:07","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/14\/akokite-vision-200-unilag-unveils-n5bn-endowment-fund-to-drive-transformation-businessday-ng\/"},"modified":"2026-11-14T21:46:07","modified_gmt":"2026-11-14T21:46:07","slug":"akokite-vision-200-unilag-unveils-n5bn-endowment-fund-to-drive-transformation-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/14\/akokite-vision-200-unilag-unveils-n5bn-endowment-fund-to-drive-transformation-businessday-ng\/","title":{"rendered":"Akokite Vision 200: UNILAG unveils N5bn endowment fund to drive transformation &#8211; Businessday NG"},"content":{"rendered":"<h3 id=\"holds-2026-younger-alumni-stakeholders-engagement-programme\">\u2026holds 2026 Younger Alumni Stakeholders Engagement Programme<\/h3>\n<p>In a bold move to accelerate its transformation agenda and secure a sustainable funding base, the University of Lagos (UNILAG) has unveiled a N5 billion endowment and development fund under its Akokite Vision 200 initiative.\n<\/p>\n<p>The launch was the highlight of the university\u2019s 2026 Younger Alumni Stakeholders Engagement Programme, underscoring efforts aimed at engaging young alumni in oil and gas, technology and finance to strengthen alumni relations, build partnerships and support the university.\n<\/p>\n<p>Folasade Ogunsola, vice-chancellor at UNILAG, speaking at the event on Friday, disclosed that the vision of the university is to build the most innovative and entrepreneurial university in Africa, rank among the top 200 universities in the world, and become an institution that nurtures enquiring minds who challenge the status quo.\n<\/p>\n<p>\u201cOur vision is simple to say and demanding to achieve: to build the most innovative and entrepreneurial university in Africa, one that ranks among the top 200 universities in the world, and that nurtures enquiring minds who challenge the status quo.\n<\/p>\n<p>\u201cWe\u2019re launching Akokite Vision 200: a campaign to raise N5 billion to establish an endowment and development fund for the whole university,\u201d she said.<\/p>\n<p>Buttressing her vision of transforming UNILAG into the most innovative and entrepreneurial university in Africa, the vice-chancellor emphasised that it takes people like young alumni and stakeholders to achieve such a goal.\n<\/p>\n<p>Read also:\u00a0<a href=\"https:\/\/businessday.ng\/bd-weekender\/article\/young-believers-ministry-targets-entrepreneurs-professionals-with-2026-business-summit\/\" target=\"_blank\" rel=\"noopener\">Young Believers Ministry targets entrepreneurs, professionals with 2026 Business Summit<\/a>\n<\/p>\n<p>Referring to the walls of the MAD House, venue of the event constructed with shipping containers, she said, \u201cThese walls are built from shipping containers.\n<\/p>\n<p>\u201cSomeone looked at a stack of steel boxes and saw a place where ideas could live. That is the mindset of this university: we take what is raw, and we make it remarkable. We challenge the status quo.\u201d\n<\/p>\n<p>Moreover, Ogunsola noted that to achieve the arduous goal, the university has carved out a creed tagged FIRM. \u201cFinance. Infrastructure. Reputation. Manpower. Together they spell FIRM, and that is how this university intends to stand.<\/p>\n<p>\u201cAn endowment is a gift that keeps giving; the principal is invested and protected, and its returns serve the university year after year, long after any of us has left office. You are not funding one year, you\u2019re shaping the next fifty,\u201d she noted.\n<\/p>\n<p>The vice-chancellor challenged the young alumni to see themselves as the reason for the gathering, and change the status quo.\n<\/p>\n<p>\u201cTo our young alumni especially: you\u2019re the heart of this evening. This university taught you to enquire. Tonight, I invite you to challenge the status quo. The status quo says that someone else will build this university\u2019s future.\u00a0 I say that someone is in this room.\n<\/p>\n<p>\u201cTell your classmates, colleagues and companies. Make this campaign yours. We will report to you regularly, because accountability is the foundation of trust,\u201d she said.\n<\/p>\n<p>Bayo Ojo, chairman of the advancement board of the 2026 Young Alumni Stakeholders Programme at the University of Lagos, noted that the advancement board exists for one purpose: to bring together people who love UNILAG and help it become all it can be.<\/p>\n<p>\u201cGovernments lay a foundation. Alumni build upon it, and this university is not standing still,\u201d he stated.\n<\/p>\n<p>Read also:\u00a0<a href=\"https:\/\/businessday.ng\/world\/article\/bomb-found-at-illinois-ethanol-plant-forcing-evacuation-of-5000-people\/\" target=\"_blank\" rel=\"noopener\">Bomb found at Illinois ethanol plant, forcing evacuation of 5,000 people<\/a>\n<\/p>\n<p>Besides, he said that under the leadership of Ogunsola, as the vice-chancellor, the university has a clear and ambitious vision: to become the most innovative and entrepreneurial university in Africa, nurturing enquiring minds who challenge the status quo.\n<\/p>\n<p>Though the vision may seem too ambitious to some people, he said the evidence of its achievability can be seen in the MAD House, where the unimaginable was made a reality.\n<\/p>\n<p>\u201cThe evidence is in this building, and in the hub gallery you will visit tonight, where young innovators are already turning ideas into ventures. \u201cHowever, ambition without support is only a wish. A vision becomes real when people stand behind it,\u201d he noted.<\/p>\n<p>He urged the young alumni to celebrate, connect and commit, while he applauded the senior alumni, partners and friends of the university for their experience and example, which he said matter more than they could imagine.\n<\/p>\n<p>\u201cThe young people in this room are watching how you show up for the university,\u201d he emphasised.\n<\/p>\n<p>As part of the engagement, members of the university management and stakeholders embarked on a tour of selected facilities and innovation platforms, where they were introduced to research outputs, tech solutions and entrepreneurial initiatives emerging from UNILAG\u2019s innovation ecosystem.<\/p>\n<div class=\"bday-read-also\">\n<h4>Related News<\/h4>\n<\/p><\/div>\n<div class=\"bday-author-bio\" readability=\"8.1655737704918\">\n\t\t\t\t\t\t<img loading=\"lazy\" alt=\"\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Akokite-Vision-200-UNILAG-unveils-N5bn-endowment-fund-to-drive-transformation-Businessday-NG.jpg\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Akokite-Vision-200-UNILAG-unveils-N5bn-endowment-fund-to-drive-transformation-Businessday-NG.jpg 2x\" class=\"avatar avatar-48 photo bday-author-bio__avatar\" height=\"48\" width=\"48\" decoding=\"async\"\/>\t\t\t\t\t\t<\/p>\n<div readability=\"11.527868852459\">\n\t\t\t\t\t\t\t<strong><a href=\"https:\/\/businessday.ng\/author\/charles-ogwo\/\">Charles Ogwo<\/a><\/strong><\/p>\n<p>Charles Ogwo is a proactive journalist, driving education, and business innovations for over 10 years.&#13;<br \/>\n&#13;<br \/>\nHe leads initiatives leveraging tech to enhance storytelling and build topnotch performing team.&#13;<br \/>\n&#13;<br \/>\nCharles is passionate about harnessing technology to inform, engage and empower communities.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"bday-ad bday-ad--gam\" id=\"bday-ad-2\" data-bday-ad=\"\" data-unit=\"bd-body-2\" data-placement=\"below_share_buttons\" data-partner=\"gam\" data-category=\"display\" data-device=\"all\"><span class=\"bday-ad__label\">Advertisement<\/span><\/div>\n<div class=\"bday-google-badges\">\n\t<a href=\"https:\/\/www.google.com\/preferences\/source?q=businessday.ng\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n\t\t<img decoding=\"async\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Akokite-Vision-200-UNILAG-unveils-N5bn-endowment-fund-to-drive-transformation-Businessday-NG-1.jpg\" alt=\"Add BusinessDay as a preferred source on Google\"\/><br \/>\n\t<\/a><br \/>\n\t<a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbUoxYzJsdVpYTnpaR0Y1TG01bktBQVAB?hl=en-NG&amp;gl=NG&amp;ceid=NG%3Aen\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n\t\t<img decoding=\"async\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Akokite-Vision-200-UNILAG-unveils-N5bn-endowment-fund-to-drive-transformation-Businessday-NG-2.jpg\" alt=\"Follow BusinessDay on Google News\"\/><br \/>\n\t<\/a>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2026holds 2026 Younger Alumni Stakeholders Engagement Programme In a bold move to accelerate its transformation agenda and secure a sustainable funding base, the University of Lagos (UNILAG) has unveiled a&hellip; 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