The University of Lagos (UNILAG) on Tuesday says it plans to set up a modular refinery and also procure a mining license.
The Vice-Chancellor of the institution, Professor Oluwatoyin Ogundipe, made this known during his investiture as the 12th VC of the university.
The event is part of activities lined up for the 2017 convocation of the university.
In his acceptance speech, Ogundipe promised to take the institution to its desired heights.
“It is my vision to produce graduates that are locally competitive and globally relevant.
“We intend to build a spirit of possibility and clear reorientation among students and staff. We are also deploying human and material resources towards rebranding, especially in the area of research,’’ he said.
Ogundipe said that prominent among his goal would be “the setting up of a modular refinery, as well as obtaining a mining license’’.
According to him, when in place, the refinery will serve as laboratories for students of the Faculty of Engineering.