To raise the standard of their alma mater, Ekiti Baptist High School Old Students’ Association (Lagos/Ogun region) has launched N1 billion endowment fund for the school.
The association embarked in the endowment fund drive to restore the school to its former glory.
Speaking at the launch in Lagos, EBHS Old Students’ Association President, Mr. Ifeloka Oyebade, said the endowment fund was essential to the school’s growth.
He said: “After taking control of the secondary school in 1976, we found that the government was no longer able to provide for it adequately. Numerous school facilities, including the dining hall, classrooms, and even the laboratories, are currently in poor condition.
“The goal of the endowment fund is to provide the school with a long-term fix for its issues. To assist the school in returning to its former glory, we can invest with the help of this fund and earn interest. We can construct sturdy, high-quality buildings that will effectively support the school’s employees and students alike.”
Chairman of the planning committee, Dr Biodun Adedipe, said members of the association are concerned over the condition of their alma mater and feel that it is only right that they support the school in maintaining its integrity.
He therefore called on friends, family, and other former students to work with them to ensure the success of the endowment fund.
Speaking on the benefits of endowment fund, Adedipe said: “A lot of us are unaware that endowment funds are the best option. Many universities and businesses overseas use them to maintain the strength of their enterprises.
“With these funds, the school will always be able to support itself without outside assistance.”
Another member, Dr. Christine Funke Adebajo 66–70 said the launch is being held throughout Nigeria, encompassing Abuja, Ekiti, and even those in the diaspora.
She said the association is working on several projects for the school, such as remodelling and furnishing the library, repairs, including the laboratory, for the school.
