Nigeria LNG (NLNG) and the National Council for Development of Maritime Business (NCDMB) have announced a $9 million endowment programme to establish professorial chairs at six Nigerian universities.
The initiative is designed to fund research that can be turned into commercially viable solutions, providing a steady source of income for the universities and encouraging collaboration between academia and industry.
While the specific universities have not yet been named, the chairs will be awarded to institutions across Nigeria that demonstrate strong research capacity and a track record of innovation.
Professorial chairs are long‑term positions that attract leading scholars and provide them with the resources needed to pursue high‑impact projects. The endowment will support salaries, research infrastructure and the development of new programmes.
Experts say the move will help strengthen Nigeria’s research ecosystem and support the country’s broader economic development goals by fostering a pipeline of technology and solutions that can be commercialised.
<small>Source: Punch Nigeria — read the original story there.</small>