Authorities of the University of Ibadan (UI) on Saturday said the National Universities Commission (NUC) has approved the establishment of its School of Business.

Mr Olatunji Oladejo, the University’s Director of Public Communications said the approval was conveyed to the university in a letter signed by the commission’s Director of Standards, Dr. G. Kumo.

Oladejo in a statement said the approval was sequel to the recent resource evaluation visit carried out by a panel of experts from the NUC to the university on its proposed School of Business.

It said the panel had assessed the human and material resources available for the establishment of the school.

“The school will run executive Masters in Business Administration (MBA) with specialisation in telecommunications, agribusiness, oil and gas, effective from the 2015/2016 academic session,’’ it said.

The statement also stressed that further inclusion of options would require the express approval of the commission.

“All programmes shall bear only the approved titles and nomenclatures (MBA Telecommunications), etc and any change will require the approval of the commission.”

The Vice-Chancellor of the institution, Prof. Isaac Adewole,has commended the NUC for the approval.