Bayero University Launches Investment Company and Subsidiaries to Diversify Funding
Bayero University Launches Investment Company and Subsidiaries to Diversify Funding
Bayero University has inaugurated the Board of Bayero University Investment Company Limited and its 10 subsidiaries, aimed at diversifying funding sources for the institution.
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The Vice Chancellor, Professor Sagir Adamu Abbas, chaired the inauguration ceremony, emphasizing the need for alternative funding due to dwindling government support.
The investment company, conceived over two decades ago, aims to generate revenue and provide services to the community. The subsidiaries include:
1. Bayero University Microfinance Bank Limited
2. Bayero University Cooperative Society Limited
3. Bayero University Guest House and Catering Services Limited
4. Bayero University Ventures Limited
5. Bayero University Properties Limited
6. Bayero University Lab Master Limited
7. Bayero University Publishing Limited
8. Bayero University Consultancy Services Limited
9. Bayero University Integrated Farms Limited
10. Bayero University Star Guards Limited
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Professor Abbas urged the Board members to develop strategic plans to drive the companies forward, ensuring the University's financial sustainability and leadership in the region.
Chairman of the Management Board of Bayero University Microfinance Bank, Professor Nasir Fagge Isa, encouraged the Board members to work tirelessly to ensure the success of the companies.
This initiative marks a significant milestone in Bayero University's efforts to secure its financial future and provide quality education to its students.