Yewa College old students launch N20bn endowment fund for alma mater

Old students of Yewa College have launched a N20 billion endowment fund to support their alma mater.

The alumni of Yewa College announced the launch of a substantial endowment fund valued at N20 billion aimed at benefiting their former school. This initiative represents a significant commitment from the old students to the institution's development. Details on the specific uses of the fund were not provided in available reports.

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Realistic image depicting budget trims at elite universities due to Trump-signed endowment tax, showing hiring freeze signs and concerned staff at an ivy league campus.
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Trump-signed endowment tax increase forces budget trims at a small group of elite universities

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A new tiered federal excise tax on investment income from large private university endowments—enacted in President Donald Trump’s 2025 “One Big Beautiful Bill” and taking effect for tax years beginning after Dec. 31, 2025—is prompting hiring freezes, program cutbacks and renewed debate over whether the policy is aimed at revenue or at reshaping higher education.

The 1975 set of Ladigbolu Grammar School in Oyo held a reunion in Ibadan to mark 50 years since leaving the institution. Members reflected on their experiences and made donations to support the school's development. Pastor Funmilayo Ojoawo, the association's president general, praised the group's contributions during the event.

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The U.S. Embassy in Addis Ababa, partnering with the Ethiopian Academy of Sciences, hosted a three-day workshop on 'Endowment Fund Management and Alumni Engagement' from December 3-5, 2025, at the Hilton Hotel. The event brought together leaders from Ethiopia's ten first-generation research universities to discuss practical strategies for sustainable alumni giving programs and endowment funds. Fulbright Specialists Dr. Ty Ropp and Dr. Walter McCollum provided expert guidance on endowment development and alumni relations to support university growth.

The Federal Government of Nigeria has engaged over 12,000 youths in local and global opportunities. It has also allocated more than N13 million in grants to support over 80 youth initiatives.

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At the Awo Memorial, experts and government officials have urged for egalitarian reforms to address Nigeria's challenges.

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The Central Ethiopia Region's Education Bureau is working to increase the number of students transitioning to higher education institutions. In collaboration with the MasterCard Foundation, a pilot program to improve student performance has started in Werabe town.

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