FINAL CALL FOR APPLICATION TO INVEST IN THE PROPOSED SCHOOL MICROFINANCE BANK

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This is to inform all members of the school Community that the University of Lagos is desirous of establishing a Microfinance Bank which would galvanise the development of medium and small-scale businesses in the University. Findings made from some Federal universities and polytechnics in Nigeria, to which visits were made, confirmed that establishing a Microfinance Bank in the University is feasible and viable.

 

In order to achieve the successful setting up of the bank, the University Management set up the University of Lagos Microfinance Bank Committee to guide the process of establishment, which has now reached an advanced stage of completion. As part of measures to entrench corporate governance structure, the Committee hereby calls for application from interested private investors, organizations and reliable institutions within the University of Lagos Community to take advantage of this opportunity to increase their financial threshold through investments by taking up share percentage in the proposed Microfinance Bank.