BY:Washington Tumay Watsonemail@example.com
MONROVIA-The Administration of the University of Liberia through its president Dr. Julius Sarwolo Nelson has disclosed that the university has embarked on the establishment of the Liberia Lux Investment Corporation.
Dr. Nelson said the Liberia Lux Investment Corporation will be responsible for the mobilization of resources for the University of Liberia.
According to him , the investment in the business sector as a means of generating resources such investment will assist in whatever support the administration will get through budgetary allocation from the government to move forward .
Speaking on the state Radio, Dr. Nelson said the University of Liberia has been challenged with resources mobilization to add to the government budgetary support to the University of Liberia.
He said the Liberia Lux Investment has its Board of Trustee.
Dr. Nelsson was quick to disclose that the administration and the Board of Trustee are working to establish full subsidiary of the Liberia Lux Investment Corporation.
The Lux President name the establishment of water Bottling Company, Insurance Company, a filling Station and a Printing Press.
He said those four major subsidiaries will help to mobilize resources to help the administration enhance the University budget.
According to him ,a skeleton team is making show to work in meeting up with those things that are needed to be done for the implementation of that investment.
Dr.Nelson said the accomplishments of those new developments came as a results of a team work.
The LUX President whoever used the opportunity to expressed gratitude and appreciation to the management team at the University of Liberia, include the cabinet, the faculty, the staff and the students .
He said they are working as a family at the university of Liberia stressing that it is through that family hood that is allowing those visions to become a reality.
Dr. Nelson further said the University of Liberia Administration is in discussion with the Liberian Government , the National legislature comprises of the Senate and that of the House Representative to ensure that all of the preparations within 2022 budget will kick off all of those different subsidiaries at the university.
He further disclosed that the University of Liberia partner a university in China has donated a large printing machine and a small machine to be used as the foundation for the university printing press.
According to him, the coronavirus epidemic has prevented him to take a visit to China to take delivery of the donation but indicated that hopefully 2022 he will take a visit to China to take delivery of the donation.
Dr. Nelson further disclosed that the University of Liberia will need a seed founding of 3 million united states dollars to achieved those developmental programs that included the University smart City and that of the Liberia Lux Investment corporation.