By Dayo Johnson, Akure

THE new University of Medical Sciences UNIMED, Ondo is to raise  N1billion  to grow the institution and execute major developmental, projects.

Speaking with Sunday Vanguard ahead of the institution’s inauguration and first matriculation, the Vice Chancellor, Prof. Friday Okonofua, said over 234 students had  been admitted.

The fund to be raised, according to him, will be known as  the “ Friends of UNIMED Fund” and  in two fold.

Okonofua said  the move  was  to build a multitude of friends for the university who see themselves as joint owners  and will be willing to make regular contributions for its development.

He added that it will be managed in a transparent, effective and accountable manner for specific identifiable projects on research, service delivery and development of the institution.

According to the Vice Chancellor the idea is to generate a cohort of friends for the university who will make regular, small and determine financial contribution   towards the implementation of specific projects.