UI PARTNERS WITH PRIVATE DEVELOPERS; LAYS FOUNDATION FOR THE 77 PALMS PRIVATE HOSTEL

BY: Kehinde Amusan

On Thursday 28th of June, 2018, University of Ibadan collaborated with private developers to lay foundation of a new private hostel, the ’77 Pals Private Hostel’. The university’s vice chancellor, Prof. Idowu Olayinka was spotted squatting that day to dig trowel in the soddenly coalesced cement and sand meant for laying the foundation of the private hostel, which was with a view to ameliorating the accommodation challenges of the premier university students at affordable prices.

The ’77 Palm Private hostel’ when completed will be the 5th product of such projects embarked on by the University under the Public Private Partnership (PPP) initiative. “We were in this neighborhood a few weeks ago to commission another private hostel.” Prof. Idowu Olayinka earlier noted in his address at the foundation laying ceremony of the 77 Palms Private Hostel. He however stated that “The private hostels’ Public-Private-Partnership projects in the University of Ibadan are conceived to provide additional hostel facilities for the students of the University by private developers.” This he further stressed was “to ameliorate the accommodation challenges face by our students.” He added that the private hostels would be located both on the main campus and at Ajibode extension of the University.

Also, he disclosed that the Memorandum of Understanding (MoU) signed by the university with the existing private hostels developers is an agreement for a Build-Operate-Transfer(BOT), Public-Private-Partnership(PPP) for a period of 25 years, that is, from commissioning of the hostel project to reversion to the university. He further took a walk into the past recounting the executed students’ hostels’ projects of the university as at the end of May, 2018, which he said were “The Adebayo Akande Hall at the Ajibode extension of the university… The Olatunde Rumsewe Hall at Ajibode extension of the university… The CMF Hostel on the main campus of the university… The AOO Hostel also on the main campus…” “When completed, this hostel (77 Palms Private Hostel) would complement our efforts to provide environment conducive to learning and living for our students, at affordable prices.” he estimated.

Conclusively, Prof. Idowu Olayinka remarked on the university stance with private investors, assuring that the university will continue to pursue with renewed vigour collaboration with the private sector in other to improve infrastructural facilities in the university.

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