The University of Benin on Saturday launched a N100bn Trust Development Fund to provide quality infrastructure, strengthen teaching and learning, and expand research capacity.

Speaking as the special guest of honour at the launch, the Minister of Education, Dr Tunji Alausa, said the initiative aligns perfectly with the Federal Ministry of Education’s Nigerian Education Sector Renewal Initiative, which, he added, seeks to reposition education through innovation, strategic partnerships, improved governance, quality assurance, digital transformation, expanded access and sustainable financing.

The minister, who was represented by the pioneer Vice-Chancellor of the National University of Science and Technology, Abuja, Prof. Joseph Ahaneku, noted that “every investment or donation made is an investment in the future of our nation, our youth and the generations yet unborn.”

He expressed optimism that together, Nigerians can build institutions that are financially resilient, academically excellent, technologically advanced and globally competitive.

He, therefore, called on other universities, polytechnics, colleges of education, alumni bodies, corporate organisations, philanthropists and friends of education across Nigeria to emulate the initiative.