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eTranzact donates N10m to Nigerian University of Technology and Management

Left to Right: Niyi Toluwalope, managing director and chief executive officer, eTranzact and an official of NUTM on Friday, March 24, at the schools Campus in Lagos Source: NUTM's LinkedIn page

The Nigerian University of Technology and Management (NUTM) has received a donation of 10 million naira from eTranzact International Plc, a fintech company powering payment solutions.

Managing Director and Chief Executive Officer of eTranzact, Niyi Toluwalope visited the campus of NUTM at Landmark Village, Victoria Island, Lagos on Friday. Toluwalope expressed faith in the university’s vision and pledged to be a lifelong supporter in any way he can.

eTranzact is a pioneer in Nigeria’s e-payment system and digital economy. The company rode on the back of the Global Systeme Mobile (GSM) telephone licences that were auctioned and licensed in 2001. Many people did not anticipate that the telcos would enjoy the kind of growth witnessed in the past few years.

Given the fintech’s strategic position in Nigeria’s digital ecosystem, this donation opens a critical relationship between it and NUTM.

The Nigerian University of Technology and Management is a Nigerian tertiary education institution founded to provide world-class science, technology, engineering, mathematics (STEM), and management academic excellence in Africa at the undergraduate, postgraduate, and doctoral levels.

NUTM’s goal is to produce 5,000 STEM leaders by 2030 and to eventually be ranked as one of the top 50 global STEM education institutions.

Ikechukwu Onyekwelu

Ikechukwu Onyekwelu is the managing editor at Edugist and has over a decade of experience in the fields of communication and journalism. He has spent most of his professional life investigating, analysing and reporting education-focused trends, data, innovation and developments.