Loyola College Alumni launch ₦750m Endowment Fund to secure school’s future

Alumni of Loyola College, Ibadan, have launched a ₦750 million endowment fund to secure the school’s long-term future through infrastructure renewal, human capital development and sustainable institutional funding.

The initiative, announced by the Loyola College Old Boys Association (LOCOBA), seeks to mobilise support from alumni, friends of the school and other stakeholders to strengthen one of Nigeria’s longstanding secondary schools and preserve its tradition of academic excellence, character formation and leadership development.

Association leaders said the fund responds to growing infrastructure, maintenance and capacity development challenges facing the college, amid increasing pressure on public funding for education.

Unlike traditional intervention-based fundraising efforts, the endowment fund is designed as a long-term institutional support vehicle.

A portion of the funds will be deployed to priority projects, while another portion will be professionally managed to generate recurring income for maintenance and future needs.

Priority areas include the renovation and equipping of science laboratories, rehabilitation of critical infrastructure, teacher development programmes, student leadership initiatives, sports development and projects focused on improving educational outcomes.

Fundraising efforts are already underway, with a number of alumni committing early support as anchor donors.

“Loyola College has played an important role in shaping generations of leaders and professionals,” said Mr Gbenga Biobaku, President, Loyola College Ibadan Old Boys Association (LOCOBA).

“This initiative will create a permanent foundation that enables the College to continue delivering educational excellence for future generations.”

LOCOBA said the fund will operate under a defined governance framework, professional fund management, periodic reporting, independent audits and strict separation between endowment assets and the association’s operational finances.

The fundraising campaign aims to raise ₦750 million through contributions from alumni across graduating sets, as well as individuals, organisations and partners interested in education and youth development.

Founded in 1954, Loyola College, Ibadan, has produced generations of graduates who have gone on to distinguished careers in business, public service, academia, medicine, technology and other professions.

Further information on the Endowment Fund, including contribution modalities and participation details, may be obtained from the Treasurer of the Loyola College Old Boys Association (LOCOBA), Mr. Oluwole Ekemode, on 0803 370 6075.

Alumni, friends of the College and other interested stakeholders are encouraged to contact the Association for additional information.

Media Contact

Mr. Alawode Churchill
Publicity Secretary
Loyola College Old Boys Association (LOCOBA)
Telephone: 0803 368 0751
Email: locobaworldwide@gmail.com