Vice President, Yemi Osinbajo says if provided with the right platforms, young Nigerians will always rise to the stature of national and global challenges, while finding solutions to them through innovation and technology.
He says in addition to government funding, there must be robust private sector interventions to further drive world-class, ground-breaking research and cutting-edge innovation in the country’s higher institutions of learning.
The Vice President spoke in pre-recorded keynote remarks at the Yaba College of Technology N50 Billion Endowment Fund Launch.
The Vice President said endowments have helped to drive some of the most important global discoveries across different sectors.
Professor Osinbajo described Yaba College of Technology, as one of the best institutions that is proof of the concept that it is possible to develop world-class higher institutions for innovation, and research using both private and public-sector finance.
The VP emphasised the commitment of the Buhari administration to increase budget allocation to the education sector.
He commended the governing body of the Yaba College of Technology, the administrative and teaching staff for the initiative, and expressed confidence that the institution’s track record and support that the endowment fund will bring to it, will help reposition it as one of the frontline institutions that will determine the future of technology, innovation and creativity in Africa and the world.