EKSU chancellor Olowolafe unveils N1bn agribusiness fund for graduands

Tunji Olowolafe, the chancellor of the Ekiti State University (EKSU), has unveiled a N1 billion agribusiness fund for graduating students.

Olowolafe spoke at the institution’s 28th convocation ceremony on April 3 and 4.

He was addressing Biodun Oyebanji, the state governor, on the institution’s plans to harness the potential of the youth in agriculture.

Olowolafe said the N1 billion innovation fund is aimed to empower agro-tech startups founded by graduating students.

The chancellor also said the goal is to nurture inclusive and sustainable growth within local communities.

“I believe in harnessing the untapped potential of our youth, particularly in fields like business process outsourcing,” he added.

“This sector presents a world of opportunity for our graduates, especially those from 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, sustainable work that challenges them and grows their skills.

“This campus is located on very fertile land. 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 eat and earn a living. There are no age or gender restrictions.

“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 whilst others can do fisheries. Some can do logistics whilst others do apps.”

The chancellor said the institution is also establishing another programme to offer support and subsidies for up to 30 academic staff members.

He said the initiative aims to facilitate their participation in international conferences, training sessions, and research activities.