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Monday, February 10, 2014

Breaking News: World Bank Approves $80 Billion for Nigerian Universities

 The World Bank has approved $80m grant for Nigeria to fund its 10 Centres of Excellence in universities says the Executive Secretary of the National Universities Commission (NUC), Prof. Julius Okojie, in Abuja on Monday at a news conference on the meeting of World Bank with African Centres of Excellence (ACE).

Okojie also announced that Nigeria won 10 slots out of the 18 approved proposals for the establishment of ACEs.

He said the World Bank-funded ACE project was introduced to build capacity in competitively selected institutions to produce in-demand highly skilled labour and applied research.

He said it was also to facilitate rapid development within the African sub-region through the strengthening of ACEs by collaborations and partnership in sharing of talents, skilled labour and higher education services.

The executive secretary said seven Nigerian universities were selected from 15 institutions that would benefit from the ACE grant.

The universities include Redeemers University, Mowe, Ogun, African University of Science and Technology, Abuja, Federal University of Agriculture, Abeokuta, and Ahmadu Bello University, Zaria.

Others are; University of Jos, University of Benin; and University of Port Harcourt.

He said the universities were selected based on their proposals to address specific issues in science, technology, engineering and mathematics, health sciences; and agricultural sciences.

Okojie said because of the excellent proposals from Nigeria, three more universities, namely, Obafemi Awolowo University, Ile-Ife, Bayero University, Kano and Benue State University, Makurdi, were later approved bringing the total to 10 out of 18 ACEs in Africa.

Source: NAN

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