Why Obasanjo is headlining Yabatech N50billion Naira endowment fund launch

The Management of Yaba College of Technology led by the Rector, Engr Obafemi Omokungbe on Thursday paid a courtesy visit to the former President of Nigeria, Chief Olusegun Obasanjo, GCFR in Abeokuta.
The visit was to brief him on the scheduled 50 billion naira endowment fund launch and to also respectfully invite and request his consent to chair the event.
While welcoming the reactor and his team, Chief Obasanjo described the endowment fund as a laudable initiative. He was particularly happy that the management of the college is thinking outside the box in its effort to see to the growth and development of the college. He went on to give the rector and his team valuable hints on how to plan and organize a successful endowment fund.
Speaking later, the rector on behalf of the management expressed delight and appreciation to Chief Obasanjo for the audience he granted the management despite the short notice. He explained that the reason behind the institution of the 50 billion Naira endowment fund was to address the myriad of obvious and peculiar challenges bedeviling the College, especially in the areas of infrastructural decay, obsolete equipment for teaching, learning, and research.
The Endowment Launch which has been approved by the College Governing Council is scheduled to hold on Thursday, September 25, 2022, at Eko Hotels and Suites, Victoria Island, Lagos.
Other management staff in the management team in the entourage include:
1. Dr. Mrs. Titilayo Ukabam(Deputy Rector, Academics)
2. Uduak Inyang-Udoh(Deputy Rector, Admin
3. Dr Kayode Momodu(Regidistrar?
4. Dr.(Mrs) polytechnic Librarian.
5. Gabriel Ogunsanwo, Deputy Registrar
6. Mrs. Titi Obadimu, Deputy Registrar
7. Ifesnyichukwu Amaechina, Chairman, SERVICOm among others.

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