Femi Otedola has donated N3.7 billion towards the construction of phase 2 of the engineering faculty building at Augustine University in Epe Lagos.

The entrepreneur, who is the chancellor of the catholic university, said the project is set to be completed within 12 months.

Otedola spoke at the 6th convocation ceremony of Augustine University on Tuesday.

The convocation was attended by prominent dignitaries, including Lagos state governor Babajide Sanwo-Olu, religious leaders, and university officials.

In his address, Otedola honoured the academic and character development of the university’s graduating class.

He emphasised the institution’s commitment to excellence.

Otedola highlighted Augustine University’s vision to foster both intellectual and moral growth as encapsulated in its motto.

He noted the importance of producing graduates who combine technical proficiency with ethical leadership, urging the new graduates to carry these values into the world.

Otedola thanked the university’s leadership, faculty, and staff for their role in shaping the graduates.

He expressed his desire to see Augustine University emerge as a centre of excellence for engineering studies.

The chancellor’s donation of N3.7 billion follows the completion of phase 1 of the engineering faculty building also funded by him.

The new phase 2 project, he said, is expected to further enhance the university’s capacity to train future engineers.

Students at the University of Lagos (UNILAG) medical college are protesting an imminent hike in their hostel fees.

On Tuesday, the student affairs unit at UNILAG issued a memo announcing an upward review in the hostel fees for its medical college and pharmacy faculty in Idi-Araba, Lagos.

TheCable understands that students were also instructed to vacate the halls on Wednesday morning.

The raise, campus sources confirm, is to affect all 300-level to 600-level students and take effect in the 2024/2025 session.

The management said all MBBS/BDS students desiring a bed space in the hostel are now required to pay N100,000 for one year.

It said all B.Sc (non-medical) students seeking a bed space are required to pay N80,000.00 for two semesters.

The management said students who have paid the old rate of N65,000 should pay the difference of either N15,000 or N35,000 as applicable to balance up and obtain a single receipt from its cash office.

The hike, which has reportedly been halted, caused students to march to the administrative building of the campus in protest.

As of this report, the UNILAG public relations person is yet to respond to enquiries on the matter.

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has been appointed as the first president of the African School of Governance (ASG).

The African School of Governance Foundation (ASGF) disclosed this in a statement on Monday.

Mahktar Diop, managing director of the International Finance Corporation (IFC), said Moghalu’s leadership will drive ASG’s academic and research initiatives.

He noted that Moghalu will lead the institution’s academic vision to deliver learning programmes that reflect the complex governance challenges facing the continent.

“We are excited to welcome Kingsley Moghalu as President of the African School of Governance,” Diop said.

“His sterling track record of leadership in international and national policymaking institutions, and academia, as his thought leadership influence, will help make ASG a transformative graduate school and develop a new generation of purpose-driven leaders with the skills and mindsets to help Africa address the challenges of the 21st Century.

“Under the guidance of the Governing Board, he will focus on recruiting top-tier African faculty, fostering academic excellence, and positioning ASG as a hub for intellectual and policy innovation.”

Diop said the institution based in Kigali, capital of Rwanda, will bring together visionaries committed to creating a sustainable governance model “rooted in African realities”.

“Prominent African leaders have come together in this landmark step, as the initiative is set to transform the continent’s leadership landscape by meeting the diverse needs of leaders across Africa,” he said.

“The ASG aims to address the continent’s pressing governance challenges by equipping emerging leaders with the mindsets, skills and knowledge required for effective leadership in Africa’s future.”

In a post on X, Moghalu expressed excitement over the appointment.

“Honored to accept an invitation from African leaders and others to serve as President of the newly established African School of Governance,” he wrote.