The proprietor of Afe Babalola University, (ABUAD) Ado Ekiti, Chief Afe Babalola, revealed over the weekend that he has spent over N78 billion to develop the institution.
Babalola disclosed this on Sunday in Ado-Ekiti at a grand reception organised by the university in honour of one of its alumnus, Mr Popoola Olamide.
According to Afe Babalola, the figure was released to him recently by the Audit and Accounting Units of the university.
He said that the figure represented what had been spent on building of structure and provision of modern academic equipment in the last six years of its establishment.
The former Pro-Chancellor of the University of Lagos said he had no regret investing such a huge sum as long as his target of building human capacity through quality education was achieved.
According to him, ABUAD is the only institution in the country that currently has what is known as, Talent Discovery Directorate.
“This is where students are made to discover their gifted areas early enough and get mentored through provision of the right type of equipment, until they are nurtured to stardom.
“The institution has also instituted “Hall of Fame” for geniuses and other gifted students who are either honoured or rewarded with cash or gift items at the end of every academic exploit,’’ he said.
He further revealed that he was proud of the latest award-winning student of the university and those before him as their achievements proved that his investment was not misplaced.