18/05/2026
IGBINEDION UNIVERSITY CELEBRATES 27TH FOUNDER’S DAY, CHARTS BOLD STRATEGIC VISION FOR FUTURE
Nigeria’s first private university, Igbinedion University, Okada (IUO), on Saturday, May 16, 2026, marked its 27th Founder’s Day with a grand celebration that reflected on its pioneering legacy while outlining ambitious plans for the future. The event, held at the University Library Conference Centre on the main campus, was attended by members of the Governing Council, management, faculty, students, alumni, development partners, traditional leaders, and other distinguished guests.
The highlight of the celebration was the Founder’s Day lecture delivered by renowned productivity consultant and business strategist Dr. Sam Ikoku, Chairman/CEO of Sam Ikoku Group and Managing Consultant at Nakachi Consulting. Titled “Keeping the University Dream in a Fragile Ecosystem,” the address challenged the University to reposition itself amid evolving challenges in Nigeria’s higher education sector.
Dr. Ikoku lauded the University’s founder, His Excellency Sir Chief Dr. Gabriel Osawaru Igbinedion, Esama of Benin Kingdom, for establishing Nigeria’s first private university in 1999, describing the move as one that altered the course of higher education in the country. He, however, warned that past achievements alone would not guarantee future success. Dr. Ikoku identified critical challenges facing private universities, such as inadequate funding and exclusion from intervention funds like TETFund, brain drain, aging infrastructure, rising operational costs, governance issues, and policy inconsistencies.
To overcome these hurdles, he proposed an eight-pillar “University 2.0 Model” focused on revenue diversification and financial resilience, academic excellence and specialization, faculty development and AI-assisted teaching, infrastructure modernization and energy independence, transparent governance and succession planning, research commercialization and innovation, corporate university development for workforce training, as well as the establishment of centres of excellence and thought leadership.
Dr. Ikoku recommended the creation of a ₦5 billion endowment fund, the launch of a Corporate University, the establishment of a Solar Technology Centre of Excellence, and stronger collaborations with government agencies, industry, and diaspora alumni. He called on the university leadership to develop and implement a comprehensive five-year transformation plan. “As Nigeria’s first private university, you do not merely have history, you have responsibility,” he declared.
In his welcome address, Vice-Chancellor Prof. Lawrence Ikechukwu Ezemonye described the occasion as a landmark moment, reflecting on the university’s growth from a bold vision in 1999 into one of Nigeria’s most respected private institutions.
Prof. Ezemonye paid tribute to the founder for his foresight and commitment to educational development. He noted that the university now runs seven colleges and three schools with over 96 accredited academic programmes. He highlighted key achievements, including expanded international collaborations and student exchange programmes in the United Kingdom, United States, Canada, and Asia, the strengthening of entrepreneurial education and digital literacy, and ongoing infrastructure projects at the College of Pharmacy, student hostels, and the Teaching Hospital complex.
The Chancellor, represented by the Deputy Chancellor, Chief Dr. Lucky Nosakhare Igbinedion, in his message, emphasized that Founder’s Day serves as a time for historical reflection, philosophical renewal, and collective accountability.
He commended the University for securing and maintaining full accreditations for all programmes, including Medicine, Law, and Engineering, while introducing new programmes in Artificial Intelligence, Cybersecurity, and Renewable Energy Engineering to stay relevant in the 21st-century economy. He urged students to pursue excellence with discipline and called on management to sustain transparent and visionary leadership.
The 27th Founder’s Day celebration concluded with renewed optimism and a strong commitment by the university community to build on its legacy of academic excellence, innovation, and contribution to national development.
