Otedola Doles Out ₦4 Billion to Complete Augustine University’s Engineering Faculty

Business mogul and philanthropist, Femi Otedola, has pledged the sum of ₦4 billion to support the completion of the Faculty of Engineering at Augustine University, Ilara-Epe, Lagos State.

The announcement was made during the university’s recent convocation ceremony, where Otedola reaffirmed his commitment to advancing quality education and technological development in Nigeria According to reports, the ₦4 billion donation will fund the completion of the Electrical and Electronics Engineering Block within the faculty, which includes modern classrooms, laboratories, and technical workshops designed to equip students with hands-on experience in engineering and applied sciences. Otedola, who also presented an initial cheque of ₦500 million to launch the project’s next phase, said his contribution is aimed at promoting excellence and innovation among young Nigerian engineers Speaking at the event, university officials expressed deep appreciation for Otedola’s continuous support, describing his gesture as a testament to his enduring commitment to educational growth in Nigeria. The Vice-Chancellor of Augustine University commended Otedola’s generosity, noting that the completed facility would significantly enhance the institution’s academic capacity and boost the practical training of engineering students This latest donation adds to Otedola’s history of philanthropy and ongoing partnership with Augustine University. In previous years, he funded the initial construction phase of the faculty building, donated learning equipment, and contributed to student welfare programs. His sustained involvement, according to university management, has been instrumental in transforming the institution into one of the fastest-growing private universities in the country Otedola, in his address, stated that investing in education remains one of the most effective ways to empower future generations and drive national development. He urged other well-meaning Nigerians and corporate bodies to support higher institutions in strengthening research and innovation, particularly in science and engineering fields Education advocates have also lauded Otedola’s donation, noting that increased private-sector participation in tertiary education could help bridge funding gaps, improve infrastructure, and enhance the global competitiveness of Nigerian universities. They, however, emphasized the importance of transparent project management and timely completion to ensure maximum impact With the new ₦4 billion commitment, Augustine University is expected to fast-track the completion of its Engineering Faculty, positioning itself as a leading institution for engineering education in West Africa. The initiative also underscores the growing role of philanthropy in revitalizing Nigeria’s higher education sector and fostering sustainable development through human capital investment.