Niger Delta
Varsity Seeks Endowment Fund For Research
The University of Africa, Toru-Orua, (UAT) has said it is seeking the establishment of an endowment fund for research purposes.
The Tide’s source reports that the institution said on Friday that its focus would be on solving developmental challenges and the advancement of the society.
The university made this known at the 2nd Annual Public Lecture of the Faculty of Basic and Applied Sciences in a lecture titled, “Utilising Untapped Research Funding Opportunities: An Imperative for Innovative Research in the University System”, which was intended to enlighten stakeholders on the need for financial support for the institution.
The Dean, Faculty of Basic and Applied Sciences, Prof. Francis Sikoki, in his address of welcome, said the university’s catchment was bedevilled by many challenges, which could be addressed through research.
He listed such challenges to include flood and erosion, the menace of waterborne diseases, resource depletion occasioned by pollution and environmental degradation.
“Unfortunately, despite the large pool of experts in various disciplines in the university system, the paucity of funds to carry out problem-solving researches has been a major constraint.
“Fortunately, there is a large number of research funding sources which are not being adequately explored.
“One of such areas is the establishment of an endowment fund dedicated to research funding. This is precisely the reason for this public lecture being held today, first to create awareness and secondly to mobilise resources for research”, Sikoki said.
The guest lecturer, who s the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Technology, Akure, Dr Godknows Igali, stressed the need for universities to seek alternative funding.
He said public sector funding of the country’s university system was on the decline.
He suggested that apart from endowments, research funding could also be sourced from alumni bodies, partnership with industry, accessing development funding, university linkages, through putting-on the entrepreneurial cap and adoption of blending approach to funding research, among other sundry sources.
Igali, while advising the university’s management to be innovative, said: “The question ahead of us is where does the University of Africa want to belong?
“My submission would be we should be on the right side of history, of being a national problem solver and a much sought after institution around the world.
“It is our disposition towards today that would determine where the University of Africa will be in terms of its relevance in the global education market. But then as the saying goes, it is impossible to make an omelette without breaking eggs, “ he said.
Igali said this would require innovation and creativity from the university’s management.
“For this, as stated earlier, the university must be able to recruit and have the right calibre of staff who can handle this highly specialised duties of raising funds from multiple sources.
“This is because it would be difficult for a researcher to be the one who has the responsibility of carrying out investigation and studies and at the same time be saddled with the hunt for resources,” he said.
In his remarks, Bayelsa State Governor, Douye Diri, called on federal agencies such as the Tertiary Education Trust Fund (TETFUND) and the Nigerian Content Development and Monitoring Board (NCDMB) to support the State in the funding of research projects by its tertiary institutions.
The Governor, represented by his deputy, Lawrence Ewhrudjakpo, also implored the state-owned tertiary institutions to redouble their efforts to tap research funds lying idle at the NCDMB and other public-spirited corporate bodies.
He emphasised the importance of research in tertiary education and the overall development of society, noting that what makes an educational institution to stand out is the quality of its research works.
Earlier, the Vice-Chancellor of UAT, Prof. Kingston Nyamapfene, said the public lecture was a clarion call on all stakeholders, especially government, to invest more resources in research and development to meet the manpower needs of the university system and society at large.
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
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