12th February, 2013
In furtherance of its social intervention policy, the Central Bank of Nigeria, CBN, has moved a notch in executing its planned multi-billion naira project in favour of the University of Lagos, UNILAG, Akoka.
The apex bank, headed by Sanusi Lamido Sanusi, in the next four years is expected to construct a link road, multi-storey faculty building and ultra-modern hostel in the institution.
The determination by the top bank to deliver on its promise is not in doubt, following a top level meeting between its officials and the Unilag authorities last month.
P.M. News has sighted heavy-duty machines deployed into the swampy area within the university environment to open up an access from St. Finbarrs Road, in Bariga Local Council Development Area, LCDA, to the institution. The road, it was learnt, would reduce traffic at the university’s main gate as well as provide quicker entry from the Bariga axis.
The project, awarded to Quintec Construction Limited, comprises an eight-storey Faculty building and seven-storey five-star hostel. The hostel would have 100 and 50 single and double occupancy rooms respectively, gym, laundry, restaurant and rooftop relaxation facility, among other.