UniAbuja Ventures raises N50bn for infrastructure development

BY WAHAB BALOGUN

In a bid to create viable infrastructure projects and investments in profitable economic ventures, UniAbuja Ventures Limited has struck a strategic partnership with Norrenberger for N50 billion joint investments.

General Managing Director of UniAbuja Ventures Limited, Mr. Teslim Balogun Sanni-Aba made the revelation in Abuja during the groundbreaking event at the main campus of the University.

According to him, “the strategic partnership with Norrenberger, a reputable financial services group is to facilitate broad-based development of infrastructure and investments in UniAbuja in line with global best practices” Balogun further stressed that “The business arm of UniAbuja, a brainchild of the outgoing Vice Chancellor, Professor Abdul-Rasheed Na’Allah is poised for self-reliance, the hallmark of contemporary university vision across the globe.

He said, “UniAbuja Ventures Limited has as its core mandate the entrenchment of self-sufficiency groundbreaking project through a strategic partnership that would facilitate combined investments of N50 billion to boost the economy of the University community”.

The General Managing Director revealed that “These will be harnessed through a payment system that will be enabled by a Microfinance bank that has been positioned for the scheme”, adding that “Norrenberger will play a pivotal role as the financial adviser, ensuring the successful implementation and sustainability of each initiative”

These ventures, he assured “Are expected to generate revenues in billions, significantly boosting the University’s financial position and contributing to the broader socio-economic progress of the region”.

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Balogun acknowledged the visionary leadership of Professor Na’Allah, whose “aims to attract international attention to these projects, position them as trail-blazing initiatives will reshape the education sector”.

In the coming months, Balogun reckons, “This initiative is expected to evolve into a compelling “African Story”, inspiring other institutions to embrace change and innovation within the Nigerian education sector”.

Professor Na’Allah reassured that “Africa is ripe for transformative movement and development. Partnering Norrenberger takes into cognizance their reliability as a forward-thinking financial organization and our penchant for excellence and socio-economic development”.