The management of Obafemi Awolowo University has expressed deep appreciation to the Ooni of Ife, Oba Adeyeye Ogunwusi and Moniepoint Chief Executive Officer, Tosin Eniolorunda following the university’s successful securing of a N1 billion innovation investment from Moniepoint Inc .
The investment forms part of a broader N3 billion educational and innovation support initiative announced by Moniepoint for three major Nigerian universities. The beneficiary institutions include Obafemi Awolowo University, University of Nigeria Nsukka and Ahmadu Bello University
Reacting to the development, the management of OAU described the investment as a landmark intervention capable of boosting innovation, entrepreneurship, technology research, and student development within the institution. The university also acknowledged the supportive role of the Ooni of Ife in advancing educational and developmental initiatives in Ile-Ife and beyond.
Speaking on the initiative, Tosin Eniolorunda, an alumnus of OAU, noted that the institution remains a significant part of his personal and professional journey.
“Ile-Ife will always be part of my history,” he stated while reaffirming his commitment to supporting innovation and youth empowerment through education.
The announcement has generated excitement among students, alumni, and stakeholders, many of whom described the development as a major boost for higher education and innovation in Nigeria.
Observers say the investment is expected to strengthen research opportunities, startup incubation, digital innovation, and enterprise development across the beneficiary institutions.