Peter Nwangu in 2007 on an alternate path for more entrepreneurial university financing, for the UNN he proposed:
...raising the investment capital of N14 billion, the management of University of Nigeria Research and Economic Development (UNRED) Foundation shall orchestrate several specific investment and industrial activities under the umbrella of several limited liability companies each headed by a seasoned managing director. Some of these investment and industrial activities are already well defined; others will be selected by consensus based on opportunities in the market place. Specific activities that have been selected and defined include:
UNRED Investment and Acquisition Company:
About 20 to 25 per cent of the N14 billion total capital raised by UNRED shall be allocated to sensible and carefully thought out investments and acquisitions. The managing director of UNRED Investment and Acquisition Company shall operate under the guidance of UNRED Investments Committee to span the national and International Investments market to select prime and profitable capital growth opportunities. This shall be characterized by a good mix of aggressive short-term, high yield capital growth opportunities, and long term stable prime instruments, designed to yield and secure a minimum of 60% annually as a mixed portfolio..."
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