UI Launches N200 Million Scholarship Fund, Inaugurates Board to Oversee Management

The University of Ibadan has established the Martins Ifeonuka Etuokwu Scholarship Fund worth N200 million to support its students, with a newly inaugurated board overseeing its management.

UI Launches N200 Million Scholarship Fund, Inaugurates Board to Oversee Management

The University of Ibadan (UI) has launched the N200 million Martins Ifeonuka Etuokwu Scholarship Fund, inaugurating a board to oversee its management. This initiative, spearheaded by Vice-Chancellor Professor Kayode Adebowale, underscores the importance of alumni contributions in sustaining tertiary institutions. With universities facing financial challenges, the establishment of a sustainable funding model becomes imperative.

RECOMMENDED: UI VC Advocates for Stronger University-Community Relationships to Ensure Sustainability

Professor Adebowale emphasized the pivotal role of alumni engagement, highlighting their significance in supporting universities globally. He expressed gratitude to alumni for their contributions, ensuring that the scholarship funds will be utilized judiciously to benefit students indefinitely.

The newly inaugurated board, chaired by Prof. Olawale Ogunkola, comprises esteemed members tasked with managing the scholarship fund. Their responsibilities include advising on investment opportunities and awarding scholarships to deserving students, thereby promoting academic excellence and assisting financially disadvantaged students.

SEE MORE: UI Teams Up with University of Edinburgh to Combat Climate Change

The initiative, part of UI's 75th-anniversary celebrations, exemplifies the university's commitment to fostering academic excellence and providing opportunities for students. It reflects the collaborative efforts of alumni, the UI@75 Committee, and benefactors in advancing the university's mission.

Moving forward, the board aims to maintain the value of the fund amidst economic challenges while ensuring transparency and fairness in scholarship allocation. Through strategic investment policies and diligent oversight, the board endeavors to uphold the legacy of the scholarship fund and its impact on student welfare and academic achievement.

READ ALSO: UI Students Chosen for Prestigious U7+ Student Challenge in Cote D’Ivoire