By Sunday Ani
The Chancellor of Ekiti State University, Ado-Ekiti, Dr Tunji Olowolafe, has announced a N1billion innovation fund aimed at empowering the agro-tech companies founded by the current graduates and students of the institution.
This was announced at the 28th convocation ceremony of the university held on April 3 and 4, 2024. While thanking the Visitor of the university and Governor of Ekiti State, Biodun Abayomi Oyebanji, for finding him worthy to be appointed as Chancellor, Dr Olowolafe said: “The N1 billion innovation fund is aimed at empowering the agro-tech companies founded by present graduates and students of our great university.
“The general discussion in Nigeria is about the cost of living and food security. All of us eat, but many of us do not spend time thinking about what we eat, how they are produced and how they get to our tables. These are very important questions.”
In his address, Dr. Olowolafe emphasised the need for students and academic staff to imbibe the culture of diversity and engage in food production efforts, even as he also harped on the vast potential of agriculture and its essential role in the growth of the nation’s economy.
He said: “My passion lies in nurturing inclusive and sustainable growth within our local communities. Agriculture stands as the backbone of our nation, and it is here that I see the greatest potential for innovation and economic prosperity.
“As we give awards to the best academic students, we can also give awards to the best agro entrepreneurs on campus. Some can do grains while others do vegetables. Some can do poultry while others can do fisheries. Some can even do logistics while others do apps.”
He noted that the EKSU campus is located on very fertile land, adding, “Let us see how we can optimise the use of this land for agricultural purposes. Each student can lease a small plot of land for production. As we learn to pass our exams, we can also use these farms to feed and earn a living. There is no age or gender restriction.
“Our work does not stop with agriculture. I believe in harnessing the untapped potential of our youth, particularly in fields like business process outsourcing. This sector presents a world of opportunities for our graduates, especially those from the Ekiti State University to immediately contribute to the global economy. To this end, I am excited to create a platform for 100 of the brightest minds from our esteemed institution to engage in meaningful and sustainable work that challenges them, and grows their skills.”
The Chancellor also announced the establishment of a new programme to offer support and subsidies for up to 30 academic staff members.