Wednesday, June 17, 2026, marked a significant milestone for the University of Lagos (UNILAG) as construction officially began on the UNILAG Ventures Water Factory. The event, held at the proposed site off Ransome Kuti Road behind the Senior Staff Club Lawn Tennis Court, signaled the start of a project expected to strengthen production capacity, improve efficiency, and boost internally generated revenue.
The groundbreaking ceremony attracted key stakeholders from the university, industry partners, and representatives of the Nathaniel Idowu Foundation, which is supporting the project.
Representing the Vice-Chancellor, Professor Folasade T. Ogunsola, was Deputy Vice-Chancellor (Management Services), Professor Olumuyiwa Falaiye, who described the foundation’s intervention as timely and impactful. He noted that the project aligns with UNILAG’s broader strategy to expand commercial ventures and enhance financial sustainability.
He also praised the project design as cost-effective and energy-efficient, highlighting its potential to reduce operational costs while improving productivity. According to him, the new facility will significantly increase production capacity and strengthen the university’s revenue base. He further recalled UNILAG’s pioneering role in university-based commercial ventures since 1995.
A notable highlight of his remarks was the announcement of plans to revive UNILAG bread production, alongside a charge to the contractor to deliver the project within six months and maintain high construction standards.
The Chairman of UNILAG Ventures Limited (Water) Board, Mr. Abiodun Amokomowo, described the project as the realization of a long-held vision aimed at improving operations and expanding output. He emphasized that the facility would provide a better working environment for both production and administration.
Speaking on behalf of the Nathaniel Idowu Foundation, Mr. Sunday Olabode expressed satisfaction with the partnership, noting that while the foundation has supported education, healthcare, and sports, this marks its first direct intervention in UNILAG.
He traced the foundation’s legacy to the late industrialist Chief Nathaniel Idowu and expressed optimism that the project would create lasting value for the university community.
The ceremony ended with the unveiling of the project signboard and the official turning of the sod, formally launching what stakeholders hope will become a major success story for UNILAG Ventures.
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