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The gesture which is in alignment with Moniepoint’s corporate social responsibility ethos is designed to significantly contribute to efforts aimed at bolstering Nigeria’s foundation in the very important area of science and technology while making subjects such as prototyping, design and engineering in general easier, participatory and enjoyable for students. </p><p>With the recent rise in the global tech industry, stakeholders aver that investment in STEM education will drive the socio-economic development of Africa and Nigeria, particularly. However, with a burgeoning population where over 60% of Africa’s population is still under 25, a recent survey shows that less than 25% of African students in secondary and tertiary institutions pursue STEM-related career fields. </p><img src="https://media.graphassets.com/KY4dAgoqT1ibuLKP6WPY" alt="OAUMON Pic 1.jpg" title="OAUMON Pic 1.jpg" width="2000" height="2251" /><p>At a ceremony to commission the facility, the Vice-Chancellor, Professor Adebayo Bamire, expressed his profound gratitude over the philanthropic donation by Moniepoint and Tosin Eniolorunda, co-founder of Moniepoint, who’s an alumnus of OAU's Mechanical Engineering Department. He noted that many tertiary institutions across the country suffered from paucity of funds, which in turn has led to infrastructural challenges, while encouraging other alumni to not only emulate this culture of giving back but also join hands to support worthy causes within the university.</p><p>“We are really very grateful for this laboratory considering that we are almost phasing out some of these things as a result of paucity of funds. This has to do with the yearnings which will also improve the livelihoods of our people, especially the students. So when we have an organisation that has come in to meet our needs, we can only say thank you. This laboratory will help improve and enhance a lot of things within the University for students and staff and also drive collaboration between the academia and industry,” he said. </p><p>Tosin Eniolorunda, commenting on the donation, stated, "this newly revamped lab represents more than just an upgrade, it stands as part of a personal commitment to foster a generation of engineers and innovators who are not only skilled, but also inspired to think critically and creatively about real-world problems. A catalyst for innovation for the next generation of engineers and technologists who will drive Nigeria's economic growth and advancement. By investing in STEM education and providing access to platforms like this lab, we're laying the critical rails for the emergence of leaders, innovators, and changemakers that Nigeria needs."</p><img src="https://media.graphassets.com/xrMHb8wcTnG5ME9DjnOT" alt="OAUMon Pic 2.jpg" title="OAUMon Pic 2.jpg" width="2500" height="1666" /><p>Furthermore, he thanked the University community for its continued dedication to the pursuit of knowledge and innovation in learning and culture, adding that the future of engineering and technology in Nigeria is bright because of the young talents within the ivory tower.</p><p>The upgrade includes renovation of the existing laboratory space with cutting-edge facilities that include the provision of high-performance desktop computers and laptops, electronic board for interactive learning, laboratory furniture, supply and installation of sustainable power solutions and advanced cooling systems. These state-of-the-art resources will provide students with hands-on experience in the latest CAD/CAM technologies, bridging the gap between theoretical knowledge and practical application in the field of mechanical engineering.</p><p>Dean, Faculty of Technology, Prof. Lasisi Umoru noted that the revamped facility will increase research capabilities and output in CAD/CAM technologies, improve graduates' employability in the global job market, and serve as a model for STEM education facilities across Nigeria.</p><img src="https://media.graphassets.com/YEyRILK1QxerYUAufr0g" alt="OAUMON Pic 3.jpg" title="OAUMON Pic 3.jpg" width="2500" height="1318" /><p>The commissioning ceremony which attracted dignitaries from within and outside the University included Deputy Vice-Chancellor, Academics, Prof. M. Babalola, DVC, Administration - Prof. Adaramola, DVC Research, Innovation and Development, Prof. Akinyemi, Chairman, Committee of Deans, Prof Adesina, Chairman, Ceremonials Committee, Prof Adekola, Head of Department, Mechanical Engineering, Prof. Obayopo, Retired Prof of Mechanical Engineering, Prof. Adekoya, Chairman Nigerian Institute of Public Relations, Osun state chapter, Ademola Adesoji and Special Assistant to the Osun state governor on ICT, Sola Isola, Oyinlola Eniolorunda and Israel Eniolorunda as well as Head of Partnerships, Moniepoint Inc, Efemena Ogie, Employee Branding Lead, Gbemi Adekanmbi amongst others.</p></div><aside class="article_article-main-aside__VMvUW"><p>Share</p><div class="article_article-left-sc__vWgap"><button aria-label="telegram" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer;outline:none"><img src="/blog/telegram.svg" alt=""/></button><button aria-label="twitter" 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alt="Moniepoint has raised US$110 million to power the dreams of millions of Africans everywhere." loading="lazy" width="404" height="316" decoding="async" data-nimg="1" class="Image_img__GXm1C" style="color:transparent;--width:404;--height:316" src="https://media.graphassets.com/output=format:webp/KVBEhlaSr6ERPRXby60b"/><div class="blog_blog-item-div__VxhwG"><div class="blog_blog-item-hd__kHJTC"><h6>News</h6><p>October 29, 2024</p></div><h4 class="blog_blog-item-h4__5Kd28">Moniepoint has raised US$110 million to power the dreams of millions of Africans everywhere.</h4><p class="blog_blog-item-p__Y4_cj">by Tosin Eniolorunda</p></div></a><a class="blog_blog-item__H40aR" href="/blog/moniepoint-bags-a-hat-trick-of-awards-as-eniolorunda-named-outstanding-fintech-personality-of-the-year"><img draggable="false" alt="Moniepoint bags a hat trick of awards as Eniolorunda named Outstanding Fintech Personality of the Year" loading="lazy" width="404" height="316" decoding="async" data-nimg="1" class="Image_img__GXm1C" style="color:transparent;--width:404;--height:316" src="https://media.graphassets.com/output=format:webp/MGzkTsB8SY2GmjgPRa2X"/><div class="blog_blog-item-div__VxhwG"><div class="blog_blog-item-hd__kHJTC"><h6>News</h6><p>October 17, 2024</p></div><h4 class="blog_blog-item-h4__5Kd28">Moniepoint bags a hat trick of awards as Eniolorunda named Outstanding Fintech Personality of the Year</h4><p class="blog_blog-item-p__Y4_cj">by Bemigho Awala</p></div></a><a class="blog_blog-item__H40aR" href="/blog/moniepoint-others-join-forces-to-empower-women-and-plwds-with-financial-literacy-and-cyber-hygiene-initiative"><img draggable="false" alt="Moniepoint, others join forces to Empower Women and PLWDs with Financial Literacy and Cyber Hygiene Initiative" loading="lazy" width="404" height="316" decoding="async" data-nimg="1" class="Image_img__GXm1C" style="color:transparent;--width:404;--height:316" 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Additional disclosures can be found in the resources section of our website.</p></div></div></footer></main></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"article":{"__typename":"Post","author":{"__typename":"Author","name":"Bemigho Awala","slug":"bemigho-awala"},"content":{"__typename":"PostContentRichText","html":"\u003cimg src=\"https://media.graphassets.com/tPVUixvJRLekvwPGMu0x\" alt=\"CAD Lab Pic 1.jpg\" title=\"CAD Lab Pic 1.jpg\" width=\"2500\" height=\"1666\" /\u003e\u003cp\u003eIn a move aimed at advancing STEM education and fostering technological innovation in Nigeria, the Mechanical Engineering Department of Obafemi Awolowo University (OAU), Ile-Ife received a substantial investment as the Tosin Eniolorunda Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) laboratory was unveiled at the University’s campus. The gesture which is in alignment with Moniepoint’s corporate social responsibility ethos is designed to significantly contribute to efforts aimed at bolstering Nigeria’s foundation in the very important area of science and technology while making subjects such as prototyping, design and engineering in general easier, participatory and enjoyable for students. \u003c/p\u003e\u003cp\u003eWith the recent rise in the global tech industry, stakeholders aver that investment in STEM education will drive the socio-economic development of Africa and Nigeria, particularly. However, with a burgeoning population where over 60% of Africa’s population is still under 25, a recent survey shows that less than 25% of African students in secondary and tertiary institutions pursue STEM-related career fields. \u003c/p\u003e\u003cimg src=\"https://media.graphassets.com/KY4dAgoqT1ibuLKP6WPY\" alt=\"OAUMON Pic 1.jpg\" title=\"OAUMON Pic 1.jpg\" width=\"2000\" height=\"2251\" /\u003e\u003cp\u003eAt a ceremony to commission the facility, the Vice-Chancellor, Professor Adebayo Bamire, expressed his profound gratitude over the philanthropic donation by Moniepoint and Tosin Eniolorunda, co-founder of Moniepoint, who’s an alumnus of OAU\u0026#39;s Mechanical Engineering Department. He noted that many tertiary institutions across the country suffered from paucity of funds, which in turn has led to infrastructural challenges, while encouraging other alumni to not only emulate this culture of giving back but also join hands to support worthy causes within the university.\u003c/p\u003e\u003cp\u003e“We are really very grateful for this laboratory considering that we are almost phasing out some of these things as a result of paucity of funds. This has to do with the yearnings which will also improve the livelihoods of our people, especially the students. So when we have an organisation that has come in to meet our needs, we can only say thank you. This laboratory will help improve and enhance a lot of things within the University for students and staff and also drive collaboration between the academia and industry,” he said. \u003c/p\u003e\u003cp\u003eTosin Eniolorunda, commenting on the donation, stated, \u0026quot;this newly revamped lab represents more than just an upgrade, it stands as part of a personal commitment to foster a generation of engineers and innovators who are not only skilled, but also inspired to think critically and creatively about real-world problems. A catalyst for innovation for the next generation of engineers and technologists who will drive Nigeria\u0026#39;s economic growth and advancement. By investing in STEM education and providing access to platforms like this lab, we\u0026#39;re laying the critical rails for the emergence of leaders, innovators, and changemakers that Nigeria needs.\u0026quot;\u003c/p\u003e\u003cimg src=\"https://media.graphassets.com/xrMHb8wcTnG5ME9DjnOT\" alt=\"OAUMon Pic 2.jpg\" title=\"OAUMon Pic 2.jpg\" width=\"2500\" height=\"1666\" /\u003e\u003cp\u003eFurthermore, he thanked the University community for its continued dedication to the pursuit of knowledge and innovation in learning and culture, adding that the future of engineering and technology in Nigeria is bright because of the young talents within the ivory tower.\u003c/p\u003e\u003cp\u003eThe upgrade includes renovation of the existing laboratory space with cutting-edge facilities that include the provision of high-performance desktop computers and laptops, electronic board for interactive learning, laboratory furniture, supply and installation of sustainable power solutions and advanced cooling systems. These state-of-the-art resources will provide students with hands-on experience in the latest CAD/CAM technologies, bridging the gap between theoretical knowledge and practical application in the field of mechanical engineering.\u003c/p\u003e\u003cp\u003eDean, Faculty of Technology, Prof. Lasisi Umoru noted that the revamped facility will increase research capabilities and output in CAD/CAM technologies, improve graduates\u0026#39; employability in the global job market, and serve as a model for STEM education facilities across Nigeria.\u003c/p\u003e\u003cimg src=\"https://media.graphassets.com/YEyRILK1QxerYUAufr0g\" alt=\"OAUMON Pic 3.jpg\" title=\"OAUMON Pic 3.jpg\" width=\"2500\" height=\"1318\" /\u003e\u003cp\u003eThe commissioning ceremony which attracted dignitaries from within and outside the University included Deputy Vice-Chancellor, Academics, Prof. M. Babalola, DVC, Administration - Prof. Adaramola, DVC Research, Innovation and Development, Prof. Akinyemi, Chairman, Committee of Deans, Prof Adesina, Chairman, Ceremonials Committee, Prof Adekola, Head of Department, Mechanical Engineering, Prof. Obayopo, Retired Prof of Mechanical Engineering, Prof. Adekoya, Chairman Nigerian Institute of Public Relations, Osun state chapter, Ademola Adesoji and Special Assistant to the Osun state governor on ICT, Sola Isola, Oyinlola Eniolorunda and Israel Eniolorunda as well as Head of Partnerships, Moniepoint Inc, Efemena Ogie, Employee Branding Lead, Gbemi Adekanmbi amongst others.\u003c/p\u003e","text":"\\nIn a move aimed at advancing STEM education and fostering technological innovation in Nigeria, the Mechanical Engineering Department of Obafemi Awolowo University (OAU), Ile-Ife received a substantial investment as the Tosin Eniolorunda Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) laboratory was unveiled at the University’s campus. The gesture which is in alignment with Moniepoint’s corporate social responsibility ethos is designed to significantly contribute to efforts aimed at bolstering Nigeria’s foundation in the very important area of science and technology while making subjects such as prototyping, design and engineering in general easier, participatory and enjoyable for students. \\nWith the recent rise in the global tech industry, stakeholders aver that investment in STEM education will drive the socio-economic development of Africa and Nigeria, particularly. However, with a burgeoning population where over 60% of Africa’s population is still under 25, a recent survey shows that less than 25% of African students in secondary and tertiary institutions pursue STEM-related career fields. \\n\\nAt a ceremony to commission the facility, the Vice-Chancellor, Professor Adebayo Bamire, expressed his profound gratitude over the philanthropic donation by Moniepoint and Tosin Eniolorunda, co-founder of Moniepoint, who’s an alumnus of OAU's Mechanical Engineering Department. He noted that many tertiary institutions across the country suffered from paucity of funds, which in turn has led to infrastructural challenges, while encouraging other alumni to not only emulate this culture of giving back but also join hands to support worthy causes within the university.\\n“We are really very grateful for this laboratory considering that we are almost phasing out some of these things as a result of paucity of funds. This has to do with the yearnings which will also improve the livelihoods of our people, especially the students. So when we have an organisation that has come in to meet our needs, we can only say thank you. This laboratory will help improve and enhance a lot of things within the University for students and staff and also drive collaboration between the academia and industry,” he said. \\nTosin Eniolorunda, commenting on the donation, stated, \"this newly revamped lab represents more than just an upgrade, it stands as part of a personal commitment to foster a generation of engineers and innovators who are not only skilled, but also inspired to think critically and creatively about real-world problems. A catalyst for innovation for the next generation of engineers and technologists who will drive Nigeria's economic growth and advancement. By investing in STEM education and providing access to platforms like this lab, we're laying the critical rails for the emergence of leaders, innovators, and changemakers that Nigeria needs.\"\\n\\nFurthermore, he thanked the University community for its continued dedication to the pursuit of knowledge and innovation in learning and culture, adding that the future of engineering and technology in Nigeria is bright because of the young talents within the ivory tower.\\nThe upgrade includes renovation of the existing laboratory space with cutting-edge facilities that include the provision of high-performance desktop computers and laptops, electronic board for interactive learning, laboratory furniture, supply and installation of sustainable power solutions and advanced cooling systems. These state-of-the-art resources will provide students with hands-on experience in the latest CAD/CAM technologies, bridging the gap between theoretical knowledge and practical application in the field of mechanical engineering.\\nDean, Faculty of Technology, Prof. Lasisi Umoru noted that the revamped facility will increase research capabilities and output in CAD/CAM technologies, improve graduates' employability in the global job market, and serve as a model for STEM education facilities across Nigeria.\\n\\nThe commissioning ceremony which attracted dignitaries from within and outside the University included Deputy Vice-Chancellor, Academics, Prof. M. Babalola, DVC, Administration - Prof. Adaramola, DVC Research, Innovation and Development, Prof. Akinyemi, Chairman, Committee of Deans, Prof Adesina, Chairman, Ceremonials Committee, Prof Adekola, Head of Department, Mechanical Engineering, Prof. Obayopo, Retired Prof of Mechanical Engineering, Prof. Adekoya, Chairman Nigerian Institute of Public Relations, Osun state chapter, Ademola Adesoji and Special Assistant to the Osun state governor on ICT, Sola Isola, Oyinlola Eniolorunda and Israel Eniolorunda as well as Head of Partnerships, Moniepoint Inc, Efemena Ogie, Employee Branding Lead, Gbemi Adekanmbi amongst others."},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/tPVUixvJRLekvwPGMu0x"},"slug":"moniepoint-gives-stem-education-a-big-boost-as-oau-commissions-tosin-eniolorunda-design-lab","title":"Moniepoint gives STEM education a big boost as OAU commissions Tosin Eniolorunda Design lab ","date":"2024-10-17","category":{"__typename":"Category","categoryName":"News"},"topStoryCoverImage":null,"metadata":null},"similarArticles":[{"__typename":"Post","title":"Moniepoint has raised US$110 million to power the dreams of millions of Africans everywhere.","author":{"__typename":"Author","name":"Tosin Eniolorunda","slug":"tosin-eniolorunda"},"slug":"moniepoint-has-raised-usdollar110-million","date":"2024-10-29","category":{"__typename":"Category","categoryName":"News"},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/KVBEhlaSr6ERPRXby60b"}},{"__typename":"Post","title":"Moniepoint bags a hat trick of awards as Eniolorunda named Outstanding Fintech Personality of the Year","author":{"__typename":"Author","name":"Bemigho Awala","slug":"bemigho-awala"},"slug":"moniepoint-bags-a-hat-trick-of-awards-as-eniolorunda-named-outstanding-fintech-personality-of-the-year","date":"2024-10-17","category":{"__typename":"Category","categoryName":"News"},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/MGzkTsB8SY2GmjgPRa2X"}},{"__typename":"Post","title":"Moniepoint, others join forces to Empower Women and PLWDs with Financial Literacy and Cyber Hygiene Initiative","author":{"__typename":"Author","name":"Bemigho Awala","slug":"bemigho-awala"},"slug":"moniepoint-others-join-forces-to-empower-women-and-plwds-with-financial-literacy-and-cyber-hygiene-initiative","date":"2024-10-14","category":{"__typename":"Category","categoryName":"News"},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/IrMB5QwTV2RHLqkpxs6T"}}]},"__N_SSG":true},"page":"/blog/[slug]","query":{"slug":"moniepoint-gives-stem-education-a-big-boost-as-oau-commissions-tosin-eniolorunda-design-lab"},"buildId":"MnPQP6SHM0P3N6n5ZeA3r","isFallback":false,"dynamicIds":[3399,5814,9601,9041,8736],"gsp":true,"customServer":true,"scriptLoader":[]}</script><script nomodule="" src="/_next/static/chunks/polyfills-c67a75d1b6f99dc8.js"></script><script async="" src="/_next/static/chunks/5814.dc88a4fb52f3d5c8.js"></script><script async="" src="/_next/static/chunks/9601.3b8cb4723d6118fe.js"></script><script async="" src="/_next/static/chunks/9041.1c54dbcfbe8cda0b.js"></script><script async="" src="/_next/static/chunks/461.9acdd978e703a258.js"></script><script src="/_next/static/chunks/webpack-c61eada979904386.js" async=""></script><script src="/_next/static/chunks/framework-9387e000915d7b64.js" async=""></script><script src="/_next/static/chunks/main-200559bed160a735.js" async=""></script><script src="/_next/static/chunks/pages/_app-369fdcc3ff266e26.js" async=""></script><script src="/_next/static/chunks/75fc9c18-8a1f02a78dd8d0bf.js" async=""></script><script src="/_next/static/chunks/94726e6d-e2c5216b63813317.js" async=""></script><script src="/_next/static/chunks/8404-a1184c33f2ad5142.js" async=""></script><script src="/_next/static/chunks/2465-79db34de84f3cbea.js" async=""></script><script src="/_next/static/chunks/1818-a5bd1f2ab16c283a.js" async=""></script><script src="/_next/static/chunks/3200-73644083ad3ee340.js" async=""></script><script src="/_next/static/chunks/pages/blog/%5Bslug%5D-7033753dd68b57e6.js" async=""></script><script src="/_next/static/MnPQP6SHM0P3N6n5ZeA3r/_buildManifest.js" async=""></script><script src="/_next/static/MnPQP6SHM0P3N6n5ZeA3r/_ssgManifest.js" async=""></script></body></html>