UNIOSUN VENTURES: MANAGEMENT ACQUIRES N16M PROPERTY IN OSOGBO

In fulfillment of the drive towards boosting its internally generated funds, the university management recently brought to reality its investment plans by acquiring a piece of land at the Odi-olowo area in Osogbo.  rate of 16 million naira.

The land which houses a bungalow, is located at Odi-Olowo area of Osogbo, the capital city of the State of Osun cost the university a whopping sum of sixteen million (N16M). The bungalow will be pulled down for erection of a befitting ultra-modern 6 storey structure, which will house the University's proposed micro finance bank and other investment offices of the University, including real estate and property development, while the rest of the unoccupied portions of the building will rented to interested organisations and corporate bodies as office facilities.

The choice of the property and the location was contained in the recommendations of a committee set up by the Management to look at a befitting site for the establishment of the University’s investment’s office. The committee, which was chaired by the Acting Registrar, Mr. Adewale Adeniyi Adeosun, had recommended purchase of the property to the Management on the ground that the area has a commercial value and its price was reasonably affordable for the University.

The beauty of the location of the property received a nod from the Principal Officers who inspected the site before payment of money was authorized.
The purchase of the property also received approval and commendation of the Mallam Yusuf Alli’s led University Governing Council.

The N16M is part of the money raised during the 2017 Post UTME exercise. According to the Vice Chancellor, Professor Labode Popoola, we made this decision to invest in real estate because of the need to position UNIOSUN as critical player in responsible business and investment in the State of Osun and Nigeria in general. Its worth nothing that investing of funds rather wasting them is crucially connected to the ability of any university to stay afloat in these days of lean and reduced funding of the public higher education sector worldwide

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