Wednesday, March 4, 2026
31.3 C
Lagos

Business

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

NGX GMD, Temi Popoola, Seeks Collaborative Alignment to Drive Sustainable Capital at IFC Confab

Temi Popoola, Group Managing Director and Chief Executive Officer...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Love That Protects: AIICO Takes Valentine’s Message to the Streets

In a vibrant twist to this year’s Valentine’s Day...

Business

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

President Bola Ahmed Tinubu has commended the signing of...

Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

President Bola Ahmed Tinubu has commended the Bank of...

Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

P + Measurement Services, Nigeria’s leading independent media intelligence...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

Stanbic IBTC Nominees Limited marked a significant milestone on...

NGX GMD, Temi Popoola, Seeks Collaborative Alignment to Drive Sustainable Capital at IFC Confab

Temi Popoola, Group Managing Director and Chief Executive Officer...

AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Transcorp, DMO, MTN, Dangote Cement, CardinalStone, among Winners at NGX Made of Africa Awards

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel...

Insurance

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Sovereign Trust Insurance Spreads Love with Fire Safety Drive

On Valentine's Day, Sovereign Trust Insurance Plc showed its...

Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

Mutual Benefits Assurance Plc, a leading Nigerian insurance company,...

Love That Protects: AIICO Takes Valentine’s Message to the Streets

In a vibrant twist to this year’s Valentine’s Day...

Moniepoint Seeks More Investment in STEM Education in Nigeria

L-R Board Member, Tosin Eniolorunda Foundation, Oyinlola Eniolorunda; Israel Eniolorunda; and Vice-Chancellor, Obafemi Awolowo University, (OAU), Ile-Ife, Professor Adebayo Bamire at the commissioning of the Tosin Eniolorunda CAD/CAM laboratory at Obafemi Awolowo University, Ile-Ife.


In a move aimed at advancing STEM education and fostering technological innovation in Nigeria, the Mechanical Engineering Department of Obafemi Awolowo University (OAU), Ile-Ife received a substantial investment as the Tosin Eniolorunda Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) laboratory was unveiled at the University’s campus.

The gesture which is in alignment with Moniepoint’s corporate social responsibility ethos is designed to significantly contribute to efforts aimed at bolstering Nigeria’s foundation in the very important area of science and technology while making subjects such as prototyping, design and engineering in general easier, participatory and enjoyable for students.

With the recent rise in the global tech industry, stakeholders aver that investment in STEM education will drive the socio-economic development of Africa and Nigeria, particularly. However, with a burgeoning population where over 60% of Africa’s population are still under 25, a recent survey shows that less than 25% of African students in secondary and tertiary institutions pursue STEM-related career fields.

At a ceremony to commission the facility, the Vice-Chancellor, Professor Adebayo Bamire expressed his profound gratitude over the philanthropic donation by Moniepoint and Tosin Eniolorunda, co-founder of Moniepoint, who’s an alumnus of OAU’s Mechanical Engineering Department. He noted that many tertiary institutions across the country suffered from paucity of funds which in turn has led to infrastructural challenges, while encouraging other alumni to not only emulate this culture of giving back but also join hands to support worthy causes within the university.

“We are really very grateful for this laboratory considering that we are almost phasing out some of these things as a result of paucity of funds. This has to do with the yearnings which will also improve the livelihoods of our people, especially the students. So, when we have an organisation that has come in to meet our needs, we can only say thank you. This laboratory will help improve and enhance a lot of things within the University for students and staff and also drive collaboration between the academia and industry,” he said.

Tosin Eniolorunda, commenting on the donation, stated, “this newly revamped lab represents more than just an upgrade, it stands as part of a personal commitment to foster a generation of engineers and innovators who are not only skilled, but also inspired to think critically and creatively about real-world problems. A catalyst for innovation for the next generation of engineers and technologists who will drive Nigeria’s economic growth and advancement. By investing in STEM education and providing access to platforms like this lab, we’re laying the critical rails for the emergence of leaders, innovators, and changemakers that Nigeria needs.”

Furthermore, he thanked the University community for its continued dedication to the pursuit of knowledge and innovation for learning and culture while adding that the future of engineering and technology in Nigeria is bright because of the young talents within the ivory tower.

The upgrade includes renovation of the existing laboratory space with cutting-edge facilities that include the provision of high-performance desktop computers and laptops, electronic board for interactive learning, laboratory furniture, supply and installation of sustainable power solutions and advanced cooling systems.

These state-of-the-art resources will provide students with hands-on experience in the latest CAD/CAM technologies, bridging the gap between theoretical knowledge and practical application in the field of mechanical engineering.

Dean, Faculty of Technology, Prof. Lasisi Umoru noted that the revamped facility will increase research capabilities and output in CAD/CAM technologies, improve graduates’ employability in the global job market, and serve as a model for STEM education facilities across Nigeria.

The commissioning ceremony which attracted dignitaries from within and outside the University included Deputy Vice Chancellor, Academics, Prof. M. Babalola, DVC, Administration – Prof. Adaramola, DVC Research, Innovation and Development, Prof. Akinyemi, Chairman, Committee of  Deans, Prof Adesina, Chairman, Ceremonials Committee, Prof Adekola, Head of Department, Mechanical Engineering, Prof. Obayopo, Retired Prof of Mechanical Engineering, Prof. Adekoya, Chairman Nigerian Institute of Public Relations, Osun state chapter, Ademola Adesoji and Special Assistant to the Osun state governor on ICT, Sola Isola, Oyinlola Eniolorunda and Israel Eniolorunda as well as Head of Partnerships, Moniepoint Inc, Efemena Ogie, Employee Branding Lead, Gbemi Adekanmbi amongst others.

 

 

Hot this week

Chowdeck Partners MyCoverGenius to Set New Standard for Rider Protection in Nigeria

Chowdeck, Africa’s leading on-demand delivery platform, has partnered with...

ABoICT Lecture/Awards 2026 to Focus on Impact of AI, IoT on Business Operational Efficiency

The Board and Management of Communication Week Media Limited,...

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

Stanbic IBTC Economic Summit Delivers Strategic Framework for Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical...

Topics

NCC: Telecom Subscribers Should Link NIN-SIM by Oct 31

The Nigerian Communications Commission (NCC) has reminded and urged...

‘Forex Trading: Great Opportunity to Earn Sustainable Income’

In this Special interview, Dr. Corvin Codirla of FX...

NIA Congratulates Segun Bankole on Election as CAMCONIA Chairman

The Nigerian Insurers Association (NIA) has sent a message...

CBN: How PTA to MDAs, Estacodes Gulped $4bn in 2019

The Central Bank of Nigeria (CBN) says government officials...

Access Bank Issues N15bn 5-Year Green Bond at 15%

Access Bank Plc is issuing a 5-year Fixed Rate...

Access Bank, Visa Partner to Facilitate B2B Cross-Border Payments

Access Bank has partnered with Visa, the world leader...

GCR Affirms Leadway Assurance’s AA+NG Financial Strength

Leadway Assurance Company Limited's solid financial position as an...

CIIN Laments Negative Impact of Forex Regime

The Chartered Insurance Institute of Nigeria says the...
Exit mobile version