Businessman and philanthropist, Femi Otedola has made headlines once again with his generous donation of a N3.7 billion engineering complex to Augustine University in Ilara Epe, Lagos.
As the university’s Chancellor, Otedola announced this significant contribution during the institution’s 6th convocation ceremony, outlining his vision for the university to emerge as a center of excellence for engineering studies.
This latest donation builds on Otedola’s previous commitment of N2 billion for the first phase of the engineering faculty complex, which was completed in February 2023.
His philanthropic efforts at the university also include a notable gesture during the 5th convocation ceremony, where he donated N1 million each to 750 students to help cover their tuition fees in honor of his appointment as Chancellor.
Otedola, who serves as a director of FBN Holdings PLC and Chair of Geregu Power PLC, expressed his confidence that the new engineering complex will be completed within 12 months, further enhancing the educational landscape in Nigeria and providing students with state-of-the-art facilities for their studies.
“I hope by the grace of God to be with you this time next year to cut the tape for the completed building,” he said.
Mr Otedola, in his remarks, urged graduates to carry the values of the university’s motto of Pro Scientia et Moribus, meaning for learning and character, with them, emphasising that true education must develop both the mind and heart.
He stated: “Your education has been designed to help you grow not just as professionals but as people of character. I challenge you to carry the spirit of Pro Scientia et Moribus with you wherever you go.”
He added that as a Catholic institution, the university aims to produce graduates who are morally grounded, technically proficient, and committed to serving the common good.
Mr Otedola also encouraged graduates to use their skills, ideas, and leadership to make a positive impact in the world.
“You are entering a world that needs your character. It needs people who will stand up for what is right, use their knowledge to solve problems, and lead with compassion and empathy,” he said.
Augustine University is a private Catholic-owned university located in Ilara, a town in the Epe local Government area of Lagos.
The university, which was approved on 25 February 2015 by the Federal Government of Nigeria through the National Universities Commission, offers courses at undergraduate and postgraduate levels.
(PremiumTimes)
