CBN To Spend N63bn On Centres Of Excellence

By Ikenga Chronicles August 27, 2019

CBN To Spend N63bn On Centres Of Excellence

The Central Bank of Nigeria (CBN) has revealed that it will spend about N63bn to build centres of excellence in financial and business studies in nine universities in Nigeria.

The CBN Governor, Mr. Godwin Emefiele disclosed this at the inauguration of the newly completed Post-Graduate Centre of Excellence at the Ahmadu Bello University (ABU), Zaria, constructed and donated to the school by the Central Bank of Nigeria.

The over N7bn ABU edifice sits on a total floor area of 34,102.81sqm and was inaugurated by President Muhammadu Buhari.

The ABU facility is one of the nine that are being provided by the CBN in some select universities across the country. ABU and the University of Nigeria Nsukka (UNN) have been completed and inaugurated by the president.

“Education and health are the bedrock of any nation’s development. The CBN felt that there is a need to start first by building these centres of excellence. These centres are being built in two phases. The first phase comprised three of these centres, the one in University of Nigeria Nsukka, University of Ibadan and Ahmadu Bello University, Zaria. 

The other six are in Lagos, Port Harcourt, Jos, Kano, Maiduguri and one other. The first three are ready and the others will be ready very soon, the CBN Governor Mr. Godwin Emefiele told journalists at the sidelines of the event.

He said each of the post-graduate centres of excellence will cost about N7bn.