Chancellor says, Economic growth will reduce poverty

Following the economical crisis and level of hardship in the country, Babatunde Odufuwa, the Chancellor of Southwestern University, Okun Owa, Ogun State, said  growth and development will reduce poverty and unemployment in Nigeria.

Odufuwa who spoke during the third convocation of the university, held at Okun Owa, Odogbolu, Ogun State, maintained that the development of the economy was important because it would create an enabling environment for people to enjoy long, healthy, and creative lives.”

He revealed this during the third convocation of the university, held at Okun Owa, Odogbolu, Ogun State, adding that the development of the economy was important because it would create an enabling environment for people to enjoy long, healthy, and creative lives.

He said, “Economic growth and development are fundamental to impacting the living standards of citizens.

“Development is not just a high growth rate in per capital income because it is possible to record a high growth rate in per capital income while the masses of the people continue to be in abject poverty and lacking in necessities of life, such as the situation in Nigeria today.

Development and growth must be a sustained effort to create an enabling environment for people to enjoy long, healthy, and creative lives.”

Odufuwa urged the Federal Government to focus on the economic growth and development of the country for human capital development.

Prof. Amusa Adetunji, the Vice-Chancellor of the University, pleaded to graduating students to be agents of impact and also a good examples to the society.

While speaking, Dr John Abolurin, an academic and a former Commandant General of the Nigeria Security and Civil Defence Corps, stated that education played a vital role in shaping the future of a nation.

Abolurin said, “Education is a weapon for meaningful change, revolution, and orientation. The level of development in most developing nations and countries of the world is largely attributed to education; hence, a nation’s ability to thrive and compete globally is inextricably linked to the quality of its educational system.”

He also urged the graduates to invest in knowledge and do their best to have an edge.

439 students were conferred with Bachelor’s degrees from the Faculty of Social and Management Science and Faculty of Pure and Applied Science,  at the convocation ceremony, while two were conferred with postgraduate degrees.

Personalities, such as the wife of the Governor of Ogun State, Mrs Bamidele Abiodun; CEO/Chairman, Loatsad Promomedia, Mr Seyi Tinubu; and the Managing Director, Upperlink, Mr Olusegun Akano, were conferred with the Doctor of Science Degree Honoris Causa in Business Administration, Mass Communication and Computer Science respectively for their numerous contributions to higher education in Nigeria.

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

Sanwo-Olu canvasses environmentally-friendly real estate

Babajide Sanwo-Olu, the Lagos State Governor emphasized the critical importance of innovation, sustainability, and inclusivity in shaping the future of the real estate sector...

Customs Q1 revenue surpasses N1tn, rice tops N10bn seizures

In the first quarter of 2024 , the Nigeria Customs Service, declared on Wednesday that a 122.35 percent increase while comparing it to the...

CSCS posted N19bn revenue in 2023

The Central Securities Clearing System (CSCS) Plc recorded gross earnings of N19 billion, representing a remarkable 65.2% increase in its 2023 financial year when...

Woman arrested for throwing five-month-old daughter into river

The Ogun State Police Command has arrested a 30-year-old woman, Olubunmi Ajayi for attempting to drown her five-month-old baby, Imole Anifowose, in RSS River,...

Ogun State waste managers laments over unpaid allowances

The Association of Waste Managers of Nigeria (AWMN) chapter in Ogun State made a plea to Prince Dapo Abiodun, the state governor, on Wednesday,...

Shareholders hail SEC over refusal of PZ buyback deal

Following the 'No Objection' sought by multinational, PZ Cussons Nigeria PLC, to buy out minority shareholders and delist from the Nigerian Exchange, shareholders has...

Tinubu sacks five aviation CEOs, suspends NCAA boss

President Bola Tinubu yesterday, sacked five Chief Executive Officers in the aviation sector, replacing them with acting and substantive heads. The sacked CEOs include, Mr. Kabir...

MMA Customs generate N28bn revenue in two months

According to the Nigeria Custom Service, Muritala Muhammad Airport Command said it generate N28bn within two months. Victor Ogagbor, the Public Relations Officer of the...

Housing minister promised to punish corrupt developers

Ahmed Dangiwa, the Minister of Housing and Urban Development, has warned that real estate developers cutting corners would be punished. The Minister made this known...

Naira recovery now tackle inflation — BDCs

Following the economical crisis and level of hardship, the Association of Bureau de Change Operators of Nigeria has noted  that the recovery of the...