LAUTECH 400L student wins Osinbajo N1m business grant

Olaniyan Opeyemi Emmanuel, a 400L student of Ladoke Akintola University of Technology, LAUTECH, Ogbomoso, has won Osinbajo N1m business grants prize.

Emmanuel was among the 100 youths across the country selected and declared winners of the competition, Mouthpiece NGR can reports. 

This was done in commemoration of Proffesor Osibajo’ 63rd birthday celebration by friends of the Vice President tagged “8 March Celebration”.

The one-time presidential aspirant at LAUTECH Students Union Government early last year is popularly known as Flamezy on campus from the department of Mechanical Engineering. 

He came 29th with his business idea for PET-Urban, a business that converts used plastics to raw material.

The application was opened to youths between the age of 18-35. Applicants were asked to write a one-off, one page proposal on how 1 million Naira can improve their business. Other conditions for eligibility includes being a resident of Nigeria as well as running a Nigerian brand.

Mouthpiece NGR gathered that a total number of 26,000 youths applied for the grant. 

However, 6,000 out of the numbers did not meet the given deadline while about 16,000 applications were disqualified after the first screening based on a criteria that was decided upon by those in charge.

Only 4,000 Applicants scaled through to the last stage where external analysts were made to asses the applications from Nigeria and the US.

Speaking to Mouthpiece NGR, Emmanuel expressed his profound gratitude to God Almighty for the grace and privilege given to him. 

“I will also appreciate Professor Yemi Osinbajo and his friends for putting up this great opportunity for small businesses to grow and thrive.”

“My colleagues in LAUTECH and other students should think outside the box and innovate, they should strive to become problem solver and solution provider.”

Emmanuel noted that there are lots of opportunities out there but only few get to know or have what it takes to get it. 

He said the students should search for opportunities out there and stressed that in their gettings they should get wisdom and sell it not. 

“Getting wisdom will come through reading beyond shores, students should read books on busineess, investment and leadership. They shouldn’t be restrained to what is taught in the lecture hall alone”.

“Those who want to write a business plan can consult me,” he added.

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