In an act to foster development in the nation, Dr Tunji Olowolafe, the Chancellor of Ekiti State University, has vowed to launch an innovation fund of N1billion in order to empower agro-tech enterprises founded by the university’s students and graduates.
According to the report Olowolafe unveiled the initiative at the Ekiti State University 28th convocation which took place on April 3 and 4 2024.
He said at the convocation that they urgently need to drive innovation and enterprise in agriculture to bolster food security across the nation.
He emphasized the immense potential for innovation and inclusive growth within local agricultural communities.
He said, “Agriculture stands as the backbone of our nation, and it is here that I see the greatest potential for innovation and economic prosperity.
“The N1bn Innovation Fund is designed to empower agro-tech companies founded by present graduands and students of our great Ekiti State University.”
Olowolafe also advised students and academics to actively engage in food production efforts.
He added, “Today Your Excellency, the general discussion in Nigeria is about cost of living and food security. All of us eat. But many of us do not spend time thinking about what we eat, how it is produced and how it gets to our table. These are very important questions.
“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 eat and earn a living.
“My view is regardless of what we are studying at university, we must all think about how we can do our bit to produce food. This means both the academic and student faculties must come together to think and act.“
The chancellor also encouraged students to explore diverse opportunities replete in the agricultural value chain, from grains and vegetables to poultry, fisheries, and even agri-logistics and app development
Olowolafe stressed that 100 of the university’s brightest minds would be engaged in global business process outsourcing to enable them to contribute to the economy growths.
