UNIBEN Launches N100bn Fund for Infrastructure Development

The University of Benin has unveiled a N100 billion trust fund dedicated to infrastructure development on its campus. The initiative aims to enhance facilities, including the construction of a five-star hotel, ultra-modern hostels, and a state-of-the-art sports complex.

Vice Chancellor Edoba Omoregi announced the fund during a web portal launch on Wednesday in Benin. Omoregi, who resumed office amid financial challenges, identified deteriorating infrastructure as a significant issue.

His first task involved visiting hostels and academic facilities, revealing the urgent need for improvements. The fund's board of trustees has already been inaugurated, with Osagie Ize-Iyamu, a former Edo State governorship candidate, serving as chair.

The formal launch of the N100 billion fund is scheduled for July 4, 2026. Ize-Iyamu expressed confidence in achieving the target, which will rely on support from alumni, philanthropists, and stakeholders.

The fund aims to establish a sustainable financial development framework to empower the University of Benin in delivering quality education and research.