N500m Intervention Fund for Schools Ready, Says CBN

• N500m Intervention Fund for Schools Ready

A Deputy Governor of Central Bank of Nigeria (CBN), Chief Adebayo Adelabu has assured the benefiting public secondary schools in Nigeria that the N500 million intervention fund by the Bank is ready for the commencement of infrastructural development of these schools by the end of second quarter of this year.

Adelabu who was recently appointed as Chairman of the School Governing Board of the Lagelu Grammar School, his Alma Mata by Governor Abiola Ajimobi of Oyo state made this disclosure during the election and swearing-in of the newly executives of the Lagelu Grammar School Old Boys Association (LAGSOBA).

A professor of urban and regional planning in Obafemi Awolowo University, Olufemi Omisore was elected as the new president of the body. Dr. Bayo Windapo and Dr. Duro Ogunsesan are the Deputy National President 1&2 respectively while Comrade Wale Adeoye was elected as Secretary General.

Describing his appointment as the Chairman of the school board as a task that must be accomplished, Adelabu said the absence of the board of the CBN was the reason for the delay in carrying out the projects which Lagelu Grammar School was also a beneficiary.

Pledging to turn the fortune of the school around for the better, Adelabu said works would soon commence on a story building which will house the board room, Chairman’s office, principal’s office, Vice Principal’s offices and a befitting computer centre, as efforts to remodel the school takes-off in earnest.

He tasked all the well meaning Old Boys of the school to make a success of the new challenge to create an atmosphere conducive for impactful and productive learning environment, Adelabu also enjoined all LAGSOBA members to ensure academic excellence of the school in a conducive classrooms, functional library and Science laboratory.