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Sanwo-Olu Awards N10 Million Cash Prize To LASU’s Valedictorian, As Varsity Graduates 11,195

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  • Stage set to deploy solution-based knowledge — Governor tells graduands
  • We’ve sustained finest academic tradition — VC

The grand finale of the 27th convocation of the Lagos State University (LASU), Ojo, has been concluded, with the school’s Best Graduating Student, Olaniyi Mubaraq Olawale, going home with N10 million cash prize awarded by Governor Babajide Sanwo-Olu.

Olawale, a graduate of the Department of Accounting Education, finished with a Cumulative Grade Point Average (CGPA) of 4.98.

The university produced 8,477 graduands across 10 faculties, who completed their first degrees in 2022/2023 academic year. For four consecutive sessions, the school has maintained its graduation order, sustaining its academic reputation.

The school Visitor, Gov. Sanwo-Olu, congratulated the graduands for the successful completion of their programmes, noting that their attendance of the school was a privileged opportunity that would unlock their full potential.

The Governor said LASU had consistently upheld the tenets of its guiding principles and expectations of its founding fathers, praising the school’s resilience and dedication to promoting academic excellence.

This, Sanwo-Olu said, was evident in the quality of graduates the university produced yearly, adding that LASU’s alumni were equipped with quality training to excel both in learning and character, just as they are qualified to meet the manpower needs of the State and the nation.

He said: “Today marks a significant milestone for the graduands of the 2022/2023 academic session of the Lagos State University, after years of putting in the hard work and burning the midnight candle to excel various fields and programmes. You have come to a privileged moment that marks both the end of an important chapter of your lives, and the start of another chapter.

“Having conquered the peak of academic study, demonstrating unparalleled dedication and intellectual rigour, you must now strive to operate at a level of impact that reflects the outstanding knowledge you have garnered. You must push the boundaries of human knowledge and achievement.

“Your time on the campus has not been about academics alone; it is about purpose, personal growth and self-discovery. You have no doubt faced and surmounted many obstacles, and your sacrifices have now paid off. As you venture into the world, I implore you to act with integrity, live solution-focused lives, and stay resolute and focused in the pursuit of your dreams.”

As the third most subscribed university in the country, Sanwo-Olu said he was proud of the school’s “outstanding accomplishments” during his administration, stressing that LASU was ranked the Best State University in West Africa sub-region by GreenMetric World University Ranking — a feat made possible by consistent investment committed to the school by his Government.

The university, the Governor added, is designated as an African Centre of Excellence for Innovative and Transformative Stem Education (ACEITSE), while also ranked the Best State-owned University, and ninth Overall Best University in the country.

Sanwo-Olu said his administration recognised quality education as a tool for addressing societal needs and human development, pointing out that his Government’s education agenda was predicated on the need to foster a generation of innovative thinkers, problem-solvers and great leaders that would drive sustainable development in Lagos and beyond.

He said: “LASU is recognised as Nigeria’s Most Digitally Advanced State University and Fifth Best University in Graduate Employability in Nigeria. It is crucial to appreciate the enduring importance of education. We recognise that sustaining a world-class university requires significant financial investment.

“As leaders, it is our responsibility to ensure that graduates of our educational system remain relevant and effective in proffering solutions to societal problems. As we seek to surpass previous achievements and maintain the upward trajectory of the university’s growth and development, we will live up to all our responsibilities, as envisioned in our T.H.E.M.E.S Plus agenda.”

The Chancellor, Prof. Gbolahan Elias, SAN, thanked the Governor for prioritising the welfare of the university students and staff, noting that the school had benefited from its collaboration with town.

The Vice-Chancellor, Prof. Ibiyemi Olatunji-Bello, said the school, since her appointment in 2021, had achieved a stabilised environment, while projecting the finest academic tradition to sustain the dream of its founding fathers.

She disclosed that the school recorded another milestone in its academics, creating five fresh faculties to train manpower and launch solution-based research in 20 newly accredited programmes to further improve human capital in the country.

The VC listed the new faculties to include, Faculty of Pharmacy, Faculty of Allied Health Sciences, Faculty of Environmental Sciences, School of Tourism, Film, Performing Arts and Cultural Studies, and also School of Library, Archival and Information Science, which is the first in any university in West Africa.

Prof. Olatunji-Bello added that students had already been admitted into the new faculties for the current 2023/2024 session.

“This administration is committed to positioning LASU as a profound research and learning hub for students yearning for most up-to-date knowledge and skill set that meet the needs of the 21st century industry. At LASU, students are equipped with right mix of knowledge to transform society and increase its prosperity for the benefit of humanity,” the VC said.

Of the 8,477 graduands awarded first degrees, 153 finished with a First Class, while 3,029 graduated with Second Class (Upper Division), 4,350 got Second Class (Lower Division), 715 had Third class, and 228 are graduated with a Pass.

Also, the university graduated 2,164 across 13 Faculties in its School of Post-graduate Studies, including Post-graduate Diplomas, Academic Master’s, Professional Master’s, Doctor of Philosophy and Professional Doctoral degrees.

Five hundred and fifty-four candidates were awarded Diploma certificates.

Two LASU’s scholars — Prof. Amidu Olalekan Sanni and Prof. Martins Agenuma Anetekhai — were elevated to the ranks of Emeritus Professor and Distinguished Professor respectively.

An elder statesman, Prince Tajudeen Olusi, and frontline industrialist, Prince Samuel Adedoyin, became recipients of Doctorate Degrees (Honoris Causa) for their service to humanity and contribution national development.

Olusi, an 88-year-old Lagos indigene and community leader, was honoured with Doctor of Literature, History, Education and Community Development.

Adedoyin, an octogenarian industrialist and indigene of Kwara State, was awarded Doctor of Humane Letters, Industry and National Development, for his philanthropic work in the school, Lagos and the country.

Sanwo-Olu congratulated the honorary degree awardees, saying: “You are both exemplary role models and trailblazers and champions of positive change. These awards are a call for you to continue building, inspiring and mentoring.”

BIG STORY

Federal Government Earmarks N827bn For Education Infrastructure In 2025 Budget

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has announced that the Federal Government has disbursed a total of N34bn in loans to students studying at tertiary institutions across the country through the “Nigeria Education Loan Fund.”

The President made this statement on Wednesday while presenting the N49.7tn 2025 budget estimates to a joint session of the National Assembly. He also highlighted that the government has allocated N826bn for infrastructure development in the education sector for the 2025 fiscal year.

He stated, “Our administration has so far disbursed N34bn to over 300,000 students via the Nigeria Education Loan Fund.”

“In the 2025 budget, we have made provision for N826.90bn for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education and the nine new higher educational institutions.”

He continued, “We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated N402bn for infrastructure investments in the health sector in the 2025 budget and another N282.65bn for the Basic Health Care Fund.”

“Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians.”

“This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.”

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BIG STORY

President Tinubu Targets N1,500 Per Dollar Rate In 2025 Budget Goals

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Wednesday, stated that the Federal Government aims to stabilise the exchange rate at N1,500 to the dollar to ensure the smooth implementation of the 2025 budget.

This marks a reduction of about N200 from the current rate of N1,700 to a dollar.

President Tinubu made this known while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

“The budget projects that inflation will decline from the current rate of 34.6% to 15% next year, while the exchange rate will improve from approximately N1,700 per dollar to N1,500. The base crude oil production assumption is set at 2.06 million barrels per day”, he said.

“The projections are based on the following observations: reducing the importation of petroleum products, increasing exports of refined petroleum”. He added.

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BIG STORY

JUST IN: 32 Reportedly Die In Ibadan Children Programme Stampede

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At least 32 people have tragically lost their lives during a stampede at a children’s carnival in Ibadan, the Oyo State capital, in the early hours of Wednesday.

A statement from the Commissioner for Information and Orientation, Prince Dotun Oyelade, revealed that the stampede occurred at a private children’s funfair at Islamic High School, Basorun, resulting in the deaths of 32 people, mostly children, with some others sustaining injuries.

He mentioned that the state government promptly deployed a rapid response team to the site following the incident.

The commissioner confirmed that the victims have been transported to various hospitals across Ibadan for medical treatment.

While thanking the Commissioner for Health, Dr. Oluwaserimi Ajetunmobi, for quickly activating all available response teams to assist at the scene, Oyelade emphasized that the state government will do everything possible to support the victims of the stampede during this difficult time.

He noted that the sate government was not involved in the planning of the carnival, adding that the Ministry of Health was also not carried along in the organisation of the private end of the year children funfair.

Oyelade emphasised the importance of proper coordination when organising events of such magnitude, especially those involving children and elders.

“We are currently awaiting a detailed report from the Commissioner of Police to clarify the total number of victims involved in this unfortunate incident,” he said.

The commissioner urged parents who are concerned about the whereabouts of their children to check the following medical facilities in Ibadan where affected children were taken for proper medical attention, with a valid means of identification:

  • Patnas Hospital, Basorun
  • Western Hospital, Basorun
  • Ringroad State Hospital
  • Molly Specialist Hospital
  • University College Hospital (UCH)

“Oyo State Government extends its deepest sympathies to the families affected by this tragedy while also urging the public to remain calm and cooperative as relevant pieces of information are gathered and necessary supports arranged for the victims,” he added.

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