The Federal Government College Warri Old Students Association (FEGOCOWOSA) has officially engaged BGL Asset Management Limited as Financial Adviser/Fund Manager for the school’s N1 billion Endowment Fund at a signing ceremony which held at BGL Asset Management Limited’s premises.
Federal Government College, Warri, one of the foremost unity schools in Nigeria, was established on February 17, 1966 with Mr. Norman Miners as Principal. Overtime, it developed a distinctive institutional character with tremendous emphasis on academic brilliance and efficient operations. It developed an early reputation for remarkable success in the areas of academics and discipline, as well as character building, as a result of which it has produced reputable leaders in various aspects of the Nigerian economy.
Unfortunately as the years progressed, the old students of the school witnessed a decline in the institution’s previous successes. It became evident that the students lacked the required infrastructure imperative for achieving their learning objectives, which led to an apparent decline in the educational standards of the school.
In an effort to reverse this trend, the current National Executives of the old students association under the aegis of FEGOCOWOSA, led by their National President, Mr. Akin Ambode have partnered with BGL Asset Management Limited, a leading Asset Management Firm and fully owned subsidiary of BGL Plc., on its Endowment Fund, which will be targeted at infrastructure development, improvements in the standard of education, scholarships for outstanding students, etc.
According to Ambode during the signing ceremony between on Friday in Lagos, the Endowment Fund aims to create an independent structure that would ensure the continuous inflow of funds which would be strategically utilized for projects that will directly impact on the standards of the school, and achieve the Fund’s objectives.
He added that the Endowment Fund would have an independent Board of Trustees that would be responsible for policy formation and implementation.