UL President Dr. Julius Nelson UL President Dr. Julius Nelson

UL Plans to Kick-Off A Smart University City in 2022

The President of the state-run University of Liberia (UL), Dr. Julius Nelson, has disclosed plans to establish a Smart University City and the further development of the university’s Fendell land.

Making the disclosure on state-radio early this week, Dr. Nelson said, his administration has established the CMA business arm at the UL called the Lux Investment Cooperation that will be responsible to mobilize resources that will help supplement whatever the university receives from the government.
According to him, resource mobilization and finding resources to add to what the government is giving the university has been a major challenge at the institution.
He indicated that a board of trustees has been formed to serve on the board of the Liberia Lux Investment Corporation to implement the work of the UL. 
Dr. Nelson said that his team is working hard to establish four (4) subsidiaries of the Lux Investment Corporation.
He named water, insurance companies, filling station and printing press as the four major subsidiaries that will be part of the Lux Investment Corporation to see how best the university can mobilize resources to help augment its budget in light of what the government gives. 
"At least that is up and we have a skeleton team to make sure that we can move implementation of this exercise," he emphasized. 
He noted that, his team is in discussion with the Government, National Legislature, House of Senate and other partners so that in the midst of all preparations, from 2022 going forward, the establishment of all these subsidiaries will kick off. 
"We are working hard to find partners to implement all of these", Dr. Nelson stressed.
He also revealed that China has already donated some equipment for the printing press but due to the COVID-19 and travel restrictions, the university has not been able to go and receive the donation.
He estimated US$3 million as the total budget for the development of the Fendell Land and the Smart University City. 
However, Dr. Nelson expressed gratitude to the Government of Liberia, the faculty of the UL and the student body for their tireless efforts to see the university move forward.

Read 224 times Last modified on Thursday, 07 October 2021 19:50
Rate this item
(0 votes)
Login to post comments