Loyola College Old Boys Launch N750 Million Endowment Fund

In a significant move, the Loyola College Old Boys Association has announced the launch of a N750 million endowment fund. According to a statement signed by the association’s publicity secretary, Alawode Churchill, the aim is to reduce the school’s dependence on external funding for infrastructure renewal, teacher development, and other long-term needs. As reported by Punch Newspapers, this initiative is expected to provide sustained financial support to the esteemed Ibadan-based secondary school. The exact details of how the fund will be managed and distributed are yet to be disclosed.

The Loyola College, established in 1946, is one of Nigeria’s oldest and most prestigious secondary schools, with a rich history and a reputation for academic excellence. This endowment fund is a testament to the commitment of its alumni to preserving and enhancing the school’s legacy.