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TETFUND To Spend N10bn On Futo’s Research by urchboy995: 12:18pm On Oct 09, 2015 |
SEPTEMBER 22, 2015 : FRIDAY OLOKOR
FUTO Vice-Chancellor, Prof. Chigozie Asiabaka
The Tertiary Education Trust Fund says it will
spend over N10bn on the Research and
Technology Park project at the Federal
University of Technology, Owerri, Imo State.
The FUTO Vice-Chancellor, Prof. Chigozie
Asiabaka, who stated this in an interview with
journalists, said TETFund had released the
initial N1bn for the park project.
He said, “We are working on a research and
technology park; and TETFund has committed
the initial N1bn into the project which will cost
more than N10bn. A research and technology
park basically is where we partner industry, the
private sector and then do research for
development.
“In a fully developed technology park, you see
industry, theory and practice. We do the triple
part of it-get research; get it patented; get it
commercialised and when we complete the
project, it will be an industrial hub because no
country can develop without technology and
technology park is the key.’’
Asiabaka noted that when completed, the park
would have a research and incubator laboratory.
The VC said that the park would also have a
researchers’ residence, banks and a helipad.
The 20 TETFund projects in the institution
include faculty buildings, lecture theatres,
classrooms, hostels and six coaster buses.
Others are the Centre of Entrepreneurship
Studies, School of Management Technology
complex and School of Engineering complex. |
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