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VP Osinbajo Inaugurates 2018 Student Innovation Challenge

(Last Updated On: June 26, 2018)

By James, Michael Igiri

Nigeria’s Vice President, Prof. Yemi Oshinbajo has iterated on the need to galvanise support
for youth education as a panacea to solving the nation’s myriad problems.
Prof. Oshinbajo stated this in an inaugural speech at the maiden edition of the Student
Innovation Challenge which held on Friday 21 st June, at the J.F. Ade Ajayi Auditorium,
University of Lagos.
He revealed the Federal Government has realised the value of supporting indigenous
innovations as a way of re-engineering all sectors of the nation’s economy and engendering a
truly science-focused nation.
He further said government was committed to making a massive investment by ways of
capital injection, and creating enabling environments for promoting researches in Nigeria.
The Vice President thanked the organisers, as well as other sponsors of the programmes,
saying it was a novel idea that must be sustained in the light of government’s efforts at
creating a technology-driven society.
Tagged: Student Innovation Challenge 2018, the programme is conceived to offer students
the opportunity to pitch their ideas before a panel comprising of entrepreneurs and advisers
who listen to pitches and select the best of the innovative ideas for promotion through a price
mark of #1 million.
The main idea, according to one of the organisers, Adepegba Oduntan, is to get ideas out of
schools since hitherto, there had been a seeming disconnect between the industry and the
academia.
Forty young Innovators from different tertiary institutions in the South-West geo-political
Zone participated in the competition that saw ECOZYME Innovation by a student from Ajayi
Crowder University, Oyo State win the prize.
Some of the Sponsors of the event which was hosted by the University of Lagos include, The
Federal Government, Bank of Industry (BOI), Access Bank Plc, telecom giant MTN, UNDP,
and Civil Foundations for Innovations (CFI).