Vice Chancellor of the University of Ilorin (UNILORIN) Prof Wahab Egbewole (SAN) yesterday revealed that the institution has received a sum of N954.7 million from the Tertiary Education Trust Fund (TETFund).

He said the fund is for the year 2023 and it is to cover eleven specific areas.

Prof Egbewole said this in Ilorin, Kwara State capital at the varsity's combined 37th and 38th convocation ceremonies.

“Equally, the university received a TETFund award of N500 million for hostel accommodation for our students and N200million for zonal interventions,” he added.

He said that the University was using the funds to execute different projects.

He hinted that the institution was doing well in the area of research, saying “The university produced four patents in the 2021/2022 academic session and currently has a total of 36 patents with the Federal Government of Nigeria through the National Office of Technology Acquisition and Promotion (NATOP), Abuja.

“With this, the University of Ilorin is one of the highest contributing institutions to patency in Nigeria.

“The number of our patents in the various disciplines are medical (five) agriculture (five), engineering (16), Food (one) Information Technology(four), petrochemical (three), defense (one) energy (one).

“The various patents are currently being positioned for commercialization.”

Egbewole charged the graduating students of the institution to navigate the challenges and opportunities that lie ahead with the ability to adapt, learn, relearn, and unlearn.

“Today's convocation is a reflection of the values and principles that underpin the University of Ilorin. We are committed to fostering a culture of excellence, critical thinking, and lifelong learning.