UniAbuja Ventures Limited, the business arm of the University of Abuja, is pleased to announce its strategic collaboration with Norrenberger, a prominent financial services group. This partnership marks a significant achievement under the leadership of Professor Abdul-Rasheed Na’Allah, the outgoing Vice-chancellor of the University, and signals a major milestone in advancing a transformative model aimed at positioning tertiary educational institutions as pioneers of progress across Africa.
Under the guidance of Mr. Teslim Balogun Sani-Aba, the newly appointed General Managing Director of UniAbuja Ventures Limited, the University is set to achieve self-sufficiency through groundbreaking projects. With a combined investment exceeding ₦50 billion, these initiatives will focus on developing essential infrastructure and investing in profitable economic ventures within the university community. This effort includes the establishment of a Microfinance bank to facilitate efficient payment systems.
Norrenberger will serve as the financial advisor, ensuring the successful implementation and sustainability of each project. These ventures are projected to generate billions in revenue, significantly bolstering the University’s financial standing and contributing to regional socio-economic development.
Professor Abdul-Rasheed Na’Allah aims to garner international attention for these initiatives, positioning them as pioneering efforts that will redefine the educational landscape. This initiative is expected to evolve into a compelling narrative of African innovation, inspiring other institutions within Nigeria and beyond to embrace transformative change within the educational sector.
It was noted that Africa is poised for profound transformation and growth, as reflected in the partnership with Norrenberger, recognized for its forward-thinking financial strategies that align with their commitment to excellence and socio-economic advancement. They expressed dedication to revitalising the educational sector and conveyed appreciation to their partner Norrenberger, while commending the innovative leadership of Mr. Teslim Balogun Sani-Aba.