Bells University of Technology is the first private university of technology established in Nigeria. It was established in 2004, and began admitting students from the 2005/2006 academic session. Bellstech was established in 2004 by The Bells Educational Foundation, which already ran Nursery, Primary and Secondary schools. The Bells Educational Foundation is part owned by Olusegun Obasanjo, an ex-President of Nigeria. The proprietor of the Bells University of Technology is the Bells Educational Foundation. It has always desired to make input into university education delivery in Nigeria, having successfully established and run Bells Secondary Schools in Ota for some years. It is the dream of Bells Educational Foundation to establish a unique university where the good foundation given to the products of its secondary school and other secondary schools could be built upon. The opportunity wa made available by the Federal Government, when Act No. 9 of 1993 was promulgated, allowing private individuals or organizations to establish universities in Nigeria, provided they meet certain criteria laid down by the Federal Government.