The founder of Rose of Sharon Foundation and Africa’s richest woman, Dr. (Mrs.) Folorunsho Alakija has declared that the 70-year-old Yaba College of Technology (YABATECH) is due for an upgrade to university status.
Alakija made this known during a courtesy visit by Yabatech management to her office at Victoria Island.
She noted that Yabatech is the premium tertiary institution in Nigeria which has been in existence for a long time adding, “the college is ripe to become a university.”
She however encouraged the management of the institution to continue to push ahead in ensuring that the status of the institution changes as soon as possible.
The Rector, Obafemi Omokungbe, explained that the courtesy visit is to appreciate Mrs. Alakija for her numerous kind gestures to the college, and to familiarize with fellows of college on plans and aspiration of the management.
He said: “we are planning to inaugurate Board of Fellows made up of distinguished Nigerians who are recipients of the College Fellowship award that will be partners in progress, we will tell them our needs and the areas they can be of help to us individually and collectively. The endowment fund will be launched to take active care of development projects, especially Epe campus which is begging for infrastructural development”.
Yaba College of Technology (YABATECH) was founded in 1947 and it is the first tertiary education in Nigeria.