The University of Lagos (UNILAG), is set to unveil an endowment fund worth of $500 million to mark its Diamond Jubilee anniversary. 
This was disclosed by the Pro-Chancellor/Chairman of the Governing Council, Senator Olanrewaju Tejuosho, on Monday, during the flag-off of activities to mark the 60th anniversary of the University, at the College of Medicine, UNILAG, Idi-Araba, Lagos State.
Tejuosho said that the endowment fund is geared at raising funds for the provision of new facilities and the upgrade of old ones in the University.
The Pro-Chancellor also noted that the 13th substantive Vice-Chancellor of the University will emerge on Friday, Oct 7th.
The new VC will take over from Prof. Toyin Ogundipe, the 12th substantive VC, whose tenure ends next month.