Business
World Bank Spends $180m On Nigerian Varsities …12 Get $5m Special Research Grant
A senior education specialist with the World Bank, Dr Tunde Adekola, has said that 12 Nigerian research institutions would benefit from the bank’s $5million research grants.
Adekola told newsmen in Abuja that the bank would release the funds in 2013 when the second phase of its Step-B Projects is expected to begin.
The education specialist said the institutions would serve as centres of excellence, noting that the essence was to promote partnership and collaboration between the agencies and the World Bank.
He said the bank’s support was designed to improve what was already on ground, and to leverage on what the agencies were doing.
“Instead of spreading the funds all over, like what we were doing before, we now work with 12 institutions to become centres of excellence.”
Adekola explained that during the first phase, 200 institutions were given grants to strengthen their research works, while “the second phase, which is to begin in 2013, will only accommodate 12 institutions.”
He said that the bank was giving the grants to fewer institutions in the second phase for the impact to be greatly felt.
The education specialist, however, said that other institutions would also get funds from the bank but not as much as the 12 which the bank wanted to become centres of excellence.
He said the 12 agencies were selected based on the quality and importance of their research works.
The World Bank, he said, was currently supporting the execution of projects in all federal universities, polytechnics, colleges of education and almost 80 per cent of federal research institutions at the cost of $180 million dollars.
“If you go to any federal college today, there is a World Bank project. If you go to any federal university or federal polytechnic, there is a World Bank project,” he stated.
The institutions to be designated as centres of excellence include the National Agency for Science Engineering Infrastructure, Sheda Science and Technology Complex and the National Research Institute for Chemical Technology
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