Ekiti Varsity signs letter of intent with investors to build 9,343 bed hostel – The Sun Nigeria


By Priscilla Ediare, Ado-Ekiti

Ekiti State University (EKSU), Ado-Ekiti has signed a MoU with the construction company Olotu Holdings Limited for the construction of a student residence with a capacity of 9,343 beds.

At the event, the chairman of the construction company, Mr Benjamin Adeniyi Ayodele, expressed his appreciation to the management of EKSU for the opportunity given to the company to work with the institution.

He stated that the company plans to provide hostel accommodation that would serve about 10,000 students on campus.

The chairman assured the management of Ekiti State University that all arrangements for the move to the project site are in full swing, as everything has been prepared in terms of funding and personnel.

In his remarks, the Vice Chancellor, Prof. Edward Olanipekun, thanked the chairman of the firm for entrusting Ekiti State University with such a large investment.

Prof. Olanipekun told the investor that he was assured that the resources invested in the project would never be regretted, as the university would not only comply with the terms of the agreement, but also create a favorable environment for the smooth implementation of the project.

The university doctor described the project as a good development as it would provide adequate housing for a reasonable number of students, making the goal of making the institution a full housing facility a reality.

However, Prof. Olanipekun advised the investor on the need to work with the University’s Spatial Planning and Procurement Directorates to strictly adhere to the specifications.

He also advised the company not to waste time preparing to move to the project site to meet the project completion goal, as construction could be phased.

Two other investors (Eliezer Investment and Covenantedge Revert Services) had previously signed letters of intent with the university to provide accommodation for university staff and students.

The latest event will no doubt complement the previous effort.

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