UBA opens innovation hub and business office at UNILAG.

By Babajide Komolafe

United Bank for Africa Plc (UBA) has strengthened its long‑standing ties with the academic sector and reaffirmed its focus on innovation, youth empowerment, and nation‑building by launching the UBA Innovation Hub and Business Office at the University of Lagos (UNILAG).

The facility was officially opened by UBA Group Chairman Tony Elumelu, who was represented by Group Managing Director and Chief Executive Officer Oliver Alawuba. Other senior bank executives and university leaders, led by UNILAG’s Vice Chancellor, were also present.

During the ceremony, Chairman Elumelu, an alumnus of UNILAG, said the event was both symbolic and strategic. “Returning to my alma mater for this commissioning makes this moment particularly meaningful. Universities remain the birthplace of ideas, innovation, and future leadership. Through this investment, UBA is reaffirming its belief in young people and in the role institutions like the University of Lagos will continue to play in shaping Africa’s future,” he said.

Elumelu added that UBA’s philosophy of empowering people and building institutions remains central to its growth agenda across Africa.

Vice Chancellor Professor Folasade Tolulope Ogunsola, who highlighted that Elumelu is “a son of the university,” praised UBA for maintaining a relationship built on impact, innovation, and institutional support.

The four‑floor complex is designed as a shared platform that encourages collaboration between academia and industry. UBA will operate its dedicated Business Office within the building, offering students, faculty, and the wider university community direct access to innovative banking services, financial advisory, enterprise support, and engagement opportunities. The remaining floors will be used for broader institutional and developmental purposes by the university.

Group Managing Director/CEO Oliver Alawuba noted that the Innovation Hub and Business Office represent a deliberate investment in talent, enterprise, and future economic transformation. “UBA continues to create platforms that connect knowledge with opportunity. This facility will provide students and the university community access to ideas, networks, innovation support, and financial services that help unlock potential and prepare future leaders for a rapidly changing world,” he said.

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