By Amaka Agwuegbo
A new private university, Godfrey Okoye University (GOU), Ugwuomu Nike, Enugu State, is to invest N5 million in the micro sector of the economy.
Established by the Roman Catholic Diocese of Enugu, the Vice Chancellor of GOU, Rev. Prof. Christian Anieke, said the money would be invested through Enugu-based Umuchinemere Pro-credit Microfinance Bank (UPMFB) as a way of participating in the eguity shareholding of the bank.
Anieke disclosed this decision of the institution when a delegation of the Board of the bank, led by its chairman, Mgr. Prof. Obiora Ike, visited the university in solidarity for its recent approval by the National Universities Commission (N.U.C) to operate as a full fledged private university in Nigeria.
According to Anieke, â€œthe purpose of the proposed investment is to tighten the string of relationship between the university and UPMFB which gave us the needed N200 million bank guarantee used as part of the requisite conditions for our operation approval by the N.U.C.
â€œUPMFB also sponsored a lap top computer provision scheme for 1,000 students of the university, which has distinctly put the institution on a higher pedestal above others, among other important assistance.â€
Urging the bank to do its best to promote the university and reap the benefits thereof, the university don said though the school had some minimal number of shares in the bank, Anieke said the schoolâ€™s target this year is to have, at least, N5 million worth of shares at UPMFB to intensify the relationship existing between both parties.
â€œUPMFBâ€™s leadership should not be afraid of doing anything for GOU because you are dealing with a reputable institution that has a very strong future.â€
Chairman of the bank, Rev. Mgr. Prof. Obiora Ike, said the essence of the visit was mainly to strengthen the bond between both institutions because of their common parentage, the Catholic Diocese of Enugu, which gave rise to the bank offering its services as the sole bank for the university, an affinity that clearly facilitated its approval by the N.U.C.