NCDMB and NLNG commit $9m to endowment of professorial chairs at six universities

NCDMB and Nigeria LNG Limited launched a US$9 million professorial chair endowment programme for six Nigerian universities, according to the Nigerian Tribune. Premium Times reported that each university will receive US$1.5 million to establish a specialised chair focused on industry research priorities. This was echoed by ThisDay, which noted the joint pledge by the two bodies. Nairametrics added that the funding equals N12.78 billion, or N2.13 billion per university. Punch said the initiative aims to develop commercially viable solutions.

What we know

• US$9 million endowment launched by NCDMB and NLNG
• Six Nigerian universities will each receive US$1.5 million (N2.13 billion)
• Programme creates specialised professorial chairs for industry-focused research
• Funding totals N12.78 billion
• Launch announced jointly by NCDMB and NLNG

Why it matters: Each university will receive US$1.5 million (N2.13 billion) for research chairs.

Sources

1. NCDMB, NLNG launch $9m professorial chair endowment programme in six universities – Nigerian Tribune, 13 h ago
2. NCDMB, NLNG commits US$9m to endowment of professorial research chairs in Six Nigerian universities – Premium Times, 8 h ago
3. NLNG, NCDMB Pledge $9m Endowment for Professorial Research Chairs in Six Nigerian Varsities – ThisDay, 5 h ago
4. NLNG, NCDMB commit N12.78 billion to research in six Nigerian universities – Nairametrics, 2 h ago
5. NLNG, NCDMB commit $9m to research in six varsities – Punch, 5 min ago

Updates

• 11 Nov, 11:06 WAT – Summary updated with new reporting
• 11 Nov, 11:06 WAT – Now also reported by Punch
• 11 Nov, 09:18 WAT – Now also reported by Nairametrics
• 11 Nov, 08:01 WAT – Summary updated with new reporting
• 11 Nov, 07:47 WAT – Now also reported by ThisDay
• 11 Nov, 03:02 WAT – Story published - 2 outlets

This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.

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