Ekiti State University (EKSU), Ado Ekiti, Ekiti State, is set to launch ‘Dealing Room’ to boost the knowledge of students and train them on financial trading.
The Vice Chancellor of the university, Prof. Joseph Ayodele who disclosed this, also expressed the desire of the university to have its monthly subvention review upward by the state government.
Prof. Ayodele who spoke in Ado Ekiti during the press conference heralding the 29th convocation ceremony of the university said the Dealing Room is an initiative of the institution Chancellor ‘s Dr. Tunji Olowolafe through his foundation.
The VC said, “It is a demonstration of collaborative efforts of EKSU, Tunji Olowolafe Foundation, CFA Society Nigeria and FMDQ Group aimed at providing students with practical experience in financial trading.
“The event, which is expected to feature 24 students from the Department of Finance of the university will perform the first official trading, demonstrating the capabilities of the newly established trading floor. This is indeed, another step towards economic and financial reliance of the university. ”
Highlighting activities lined up for the ceremony , he said a total of 16,446 students will be graduating with various degrees of the university with 200 of them bagging First Class.
The Professor of Education Management said 5,406 had (Second Class Upper), 9,076 (Second Class Lower) 1,295 (Third Class), 04 (Pass).
For PhD Degrees 162, Master’s Degrees 242, Postgraduate Diploma 61.
The convocation lecture titled: “Leadership, Governance and the Performance of the Public Universities in Nigeria” will be delivered by Emeritus Professor Adebisi Balogun.
On Saturday, March 29, 2025, the university will confer honorary Doctorate degrees on three eminent personalities, they are: Senate Leader, Senator Michael Opeyemi Bamidele, the Executive Chairman, Federal Inland Revenue (FIR) and Chairman, Board of the Bank of Industry, Dr. Mansur Muhtar .
He added that the Dealing Room which is not to source internally generated revenue but to make the students self reliant after graduation saying 24 of the students were earlier trained in Lagos on financial literacy.
“It is for them to be able to practice what they have learned and have digital skills in financial literacy”.
He appreciated Governor Biodun Oyebanji for being supportive to the university by increasing the subvention from N260 million to N410 million and paid two outstanding subvention of July and August of 2018 saying it has actually solved some of their problems .
On the need to increase the university subvention, Prof. Ayodele said, “It is not that we have enough money and there are no challenges. There are many challenges and the major one is issue of funding.We need more money to do a lot of things we still need to do .So there is insufficient fund here and we need upward review of our subvention.
“Our wage bill with the implementation of the new minimum wage is close to N820 million and the subvention from the monthly state government is N410 million .We want to plead within the capacity of the government if our subvention can be jerked up, we will be glad. This will be a motivation for us to do more to enhance the human capacity development of the government”.
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