Home NEWS Ned Nwoko Sets Up N50m Endowment Fund For Enterprising Delsu Students

Ned Nwoko Sets Up N50m Endowment Fund For Enterprising Delsu Students

by InlandTown Editor
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Delta-born billionaire and Special Guest of Honour to the Launching/Unveiling of Delta State University, DELSU Students’ Union Government, SUG Entrepreneurial Community, Hon. Prince Ned Nwoko has donated a whopping sum of N50 million as an endowment fund to assist students of the institution who might want to engage in acquiring special skills for future endeavours.

Nwoko made this donation immediately after delivering a heart-rending lecture on the Economy and Insecurity under the theme: “Education and the New World”.

He gave instances with the Economy of the UK and Nigeria, maintaining that students in Nigeria are disadvantaged because they study under harsh economic realities that leave them still in search of job years after graduation.

The thoroughbred English-trained lawyer insisted that this situation had often left the young ones frustrated and desperate with no hope of survival in a system that is supposed to cater for all in terms of security and welfare.

His words, “I love students because I like the fact that they are studying. It’s an inspiration for me that you are studying, and that is why I decided to come to share my experiences with you.

“I have always believed that the problem of Nigeria is in two folds – Economy and Insecurity. And of course, this is what my political party intends to tackle in their rescue agenda for Nigeria.

“Again, basically, we are here because of the Economy. The event of today is about the need to engage in an enterprise that will make you self-employed after school other than being job seekers. This purely is an economic activity that is most likely to liberate you from poverty and advance the progress of our society.

“I want to also assure you that I will pursue a financial endowment that seeks to alleviate the stress of young people to start up life on a note of respectability. This is my dream and this is what I hope to achieve for the youths of this country as a Senator of the Federal Republic of Nigeria come 2023.

“On this note, for the purpose of this laudable programme that you have initiated as students of this great citadel of learning under the auspices of the SUG, I will donate the sum of #50 million into an endowment fund that I will name after my two little kids – Munir Halifat DELSU-SUG Endowment Fund. Please note that the criteria to access the fund is your passion for skill that you can turn into an enterprise going forward from your being a student to an employer of labour”, Nwoko pledged.

In his goodwill message as the Vice Chancellor of Delta State University Abraka, Prof. Andy Egwunyenga commended Prince Nwoko for his show of humanity and support, not only to the students but to the entire university community.

He described Nwoko as the best philanthropist the university had ever encountered, revealing that the #20 million he once donated to the Mass Communication Department assisted it to complete its programme accreditation, got the radio station of the department back on track and procured other useful equipment for the department.

Egwunyenga equally commended the students for their show of maturity and forward-looking creativity, admonishing them to stay focused on the entrepreneurial development initiative of the University towards getting them productively engaged while in school and after school.

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