BOT LJC Endowment Fund

A Speech Delivered on the Establishment of Loyola Jesuit College Endowment Fund on the Occasion of the 2018 Loyola Jesuit College Graduation Ceremony

A SPEECH DELIVERED ON THE ESTABLISHMENT OF THE LOYOLA JESUIT COLLEGE ENDOWMENT FUND ON THE OCCASION OF THE 2018 LOYOLA JESUIT COLLEGE GRADUATION CEREMONY

Sir. Chike Madueke KSJ, NPOM. 

Chairman Board of Trustees

LJC Endowment Fund

 

Protocols

I have the pleasure to welcome you all to Loyola Jesuit College, Abuja on this special occasion of the graduation of the Class of 2018 of this College. I congratulate all graduands for their steadfastness and for running the race to the end. You deserve every accolade and I want to give you a resounding round of applause. I congratulate the President of the Loyola Jesuit College, the Principal and the entire members of staff of this great institution. Without your dedication and hard work, this day would not have been possible. I, therefore, wish to give you a round of applause. To our dear proud parents and guardians, today marks a remarkable day in your lives as you have watched your ‘babies” scale through a principal hurdle in their lives. I congratulate you and wish to give you the loudest round of applause.

Located on the outskirts of Abuja, The Loyola Jesuit College opened its gates on the 2nd of October 1996. Academic activities commenced with one hundred boys and girls drawn of all faiths and all walks of life. The funds to establish this college were provided by the New York province of the Society of Jesus and The United States Agency for International Development, Office of American Schools and Hospitals Abroad. The initial 72 acres of land was provided by the Federal Government of Nigeria under a 99-year lease agreement with the Society of Jesus. We acknowledge the vision of the society and wish to thank them and that the Almighty shall continue to strengthen them in their endeavours worldwide.

At inception, the college facilities included four large classroom and laboratory buildings, student dormitories accommodating 300 boys and 300 girls and basic facilities. Today the infrastructure has expanded and more buildings added including the new massive facility still under construction.

Since inception, LJC has continued to post the best results on the West African Examination Council (WAEC) examinations as well as recording the best Joint Admission Matriculation Board (JAMB) examination results for several of those years, LJC is today regarded as one of the best secondary schools in Nigeria and indeed in West Africa. This is no mean feat and sustaining the same has become a challenge the students and staff have lived up to. Little wonder Loyola Jesuit College Abuja has readily become the most sought after secondary school in the land and the most academically selective secondary schools in Nigeria. In the year 2010 for instance, over five thousand applicants [5000] wrote the entrance exam into the school. Only one hundred [100] applicants or just 2% of the applicants were accepted.

Distinguished ladies and gentlemen, boys and girls, it is an opportunity to be a student of LJC, it is even a privilege to be a graduate of LJC and much more, an honour to be a parent of an LJC graduate. I, therefore, use this opportunity to welcome all parents of all graduating students of the 2018 Class to responsibility of sustaining this institution and supporting her in all its endeavours. You are now members of a privileged family.

As a proud parent of four LJC graduands, I and all members of the LJC Board of Trustees have volunteered to uphold the tenets, the standards, and principles that make LJC stand out amongst equals. It is against this backdrop and to build from where the foreign aids and agencies stopped that I welcome you to participate as members of the LJC Endowment Fund.

It was in 2014 that Fr. Emmanuel Ugwejeh SJ in realization of the enormity of the financial requirement to run and sustain this institution, muted the idea to put in place an all-inclusive Endowment Fund for Loyola Jesuit College. For the past two years therefore and upon the registration of the fund by the Secretary of the Board, Barr. Comfort Chigbue that we announce formally, the birth of Loyola Jesuit College Endowment Fund registered with the Corporate Affairs Commission (CAC) as a non-profit organisation with registration and certificate number CAC/IT/NO 79478 of 24th July 2015.

The LJC Endowment Fund is a nonprofit organization for the ongoing support of LJC. It is structured so that the principal amount is kept intact, while the investment income is available for use, for the running and development of the school and indeed other like institutions as the case may be.

This fund shall cater for the pressing financial obligations on parents in the pursuit of holistic quality education for their children and will assist the school authority in maintaining the high standard without any increase in fees arising from harsh economic environment. It costs about 600million Naira to run this school every year, Therefore, we need a huge investment that can yield us this amount every year.

Going forward, the Endowment Fund will create room for expansion in terms of infrastructure and increased, numerical admission figures. It will be of great assistance in maintaining and improving the human capital development. This Legacy is open to ALL especially, parents, prospective parents, grandparents, guardians, corporate organisations and friends of the institution ad litem.

We call on ALL LJC graduates OLD and NEW to join the Endowment Fund and to GIVE BACK to the institution that made you all outstanding world leaders and continue the legacy.

Let us join hands in the steering of this fund for posterity.  Membership as PARTNER, SPONSOR and or DONOR is open to everyone who so desires to be part of this laudable project. 
We sincerely count on your unflinching support and partnership.

Let’s build a better future for our generations today. May almighty God bless you and your family as you donate generously to this Endowment FUND.

Thank you very much and God bless you all.

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