Nigerian billionaire and philanthropist, Femi Otedola, has announced a donation of N3.7 billion towards the construction of a new building for the Engineering Faculty at Augustine University, Ilara Epe.
The announcement was made during the university’s 6th convocation ceremony, where Otedola, who serves as the institution’s Chancellor, emphasized his commitment to supporting education and the development of a world-class engineering program at the university.
In his address, Otedola expressed pride in the university’s growth and outlined his vision of establishing Augustine University as a center of excellence in engineering studies. He stated that the contract for the Phase 2 building is nearly complete, and construction is expected to be finalized within the next 12 months.