PUBLIC-PRIVATE PARTNERSHIP, INNOVATION AND GRANTS
This is the SEVENTH EDITION of the account of stewardship of Professor Idowu Olayinka who recently completed his five-year term as the 12th Vice Chancellor of the University Nigeria on the 1st of December, 2020. In this volume is documented the achievements of his administration in the areas of PUBLIC-PRIVATE PARTNERSHIP, INNOVATION AND GRANTS. Publishing these feats, as said in the previous editions means inviting everyone to not only note the achievements but to also attempt to confirm the veracity of the claims of Idowu Olayinka, learn from his actions and place commendations when impressed (and criticisms when not). We wish you a good time with Olayinka’s exploits below:
PUBLIC PRIVATE PARTNERSHIP (PPP), INITIATIVES
The University recognizes that it must be adequately empowered to provide high quality educational services and learning environment conducive to development of the type of human capital the nation needs for achieving a developed polity. It also realizes that Public-Private Partnership (PPP) is a potent tool for assisting the University towards an enduring successful pursuit of its mandate. Hence, the administration encouraged the PPP initiative, which in this context refers to a structured collaborative framework that enables effective mobilization and efficient utilization of public and private sectors’ resources and services for sustainable development. It may be pointed out that the administration came into office at a period when the national economy went into economic recession. This made it more imperative to innovatively exploit the PPP option for the good of the University.
We are convinced that PPP initiative can assist us to enhance the quantum and frontiers of resources available for financing needs-based, development-oriented programmes, projects and activities. It can also can help to promote more intensive application of private sector processes and managerial expertise towards a significantly improved, effective, efficient, open and accountable implementation of (public sector) programmes, projects and activities.
The following projects have since been approved under the PPP arrangement.
1. Construction of CMF Angels Hostel with 324 bed spaces
2. Construction of Olatunde Runsewe Hostel with 84 bed spaces
3. Construction of AOO Hostel with 74 bed spaces
4. Construction of Palms 77 Hostel (on-going)
5. Construction of 500 Rooms/1500 Bed Space Student Apartment Complex Phase 1 by Grace Land Properties, Soka Ibadan.
6. Groundbreaking of the Primus Mall Ibadan held on 30th October 2020. This is owned by Primus 1948 Limited, a property development company formed specifically to develop the Primus Mall Ibadan. The company is a partnership between Angular Mall Limited, VGS Homeland Nigeria Limited (Promoters), the University of Ibadan and a number of other private investors. When completed Primus Mall Ibadan will have four cinemas, about 350 parking spaces, two Family Entertainment Service and over 48 stores, covering 7,000 square metres. The estimated completion period is eighteen months.
RESEARCH, INNOVATION AND STRATEGIC PARTNERSHIPS
7. Annual Research and Development Fair in November 2016, November 2017, November 2018, and November 2019, respectively (in collaboration with the Development Agenda for Western Nigeria (DAWN) Commission) as part of Pre-Convocation events.
8. Career Fair in November 2018 (with sponsorship from the First Bank of Nigeria PLC)
9. Endowment of The George Coumantaros Distinguished Professor and Equipping the Flour Mills Food Research Centre in the Department of Food Technology by Flour Mills Nigeria PLC. Prof O.C. Aworh (Fellow, International Academy of Food Science and Technology (FIAFoST)) was appointed the Pioneer Chair holder in April 2018.
10. Endowment of the Aret Adams Professorial Chair in the Department of Geology by Niger Delta Petroleum Exploration and Development Company Limited.