World Bank offers N1.4bn to 10 Nigerian varsities

The World Bank has released the first tranche of payment totalling N1.4bn to 10 Nigerian universities listed among the African Centres of Excellence. The fund is for the ACE project to shore up the ranking of the universities in agriculture, health, science, technology, engineering and mathematics. The Executive Secretary of National Universities Commission, Prof. Julius Okojie, who said this at the ACE project post-effectiveness workshop on Monday in Abuja, warned the benefiting institutions against compromising the objectives of the scheme. Nigerian universities had won 10 out of the 19 slots for Africa. The benefitting universities are the Federal University of Agriculture, Abeokuta; Bayero University, Kano; Benue State University, and the Redeemer’s University, Osun State. Others are the University of Jos; Ahmadu Bello University, Zaria; University of Benin; University of Port Harcourt, and the Obafemi Awolowo University, Ile Ife, Osun State.

Source - Punch