Club awards scholarship to indigent students, holds lecture
A socio-cultural organisation, Oluyole Club, has awarded scholarships, funded by donations from its members, to 10 indigent undergraduates of Ibadan origin at Nigerian universities. In his welcome address, the club’s
A socio-cultural organisation, Oluyole Club, has awarded scholarships, funded by donations from its members, to 10 indigent undergraduates of Ibadan origin at Nigerian universities.
In his welcome address, the club's President, Mr Oluniyi Fatokun, noted that the club currently operates a Youth Empowerment Programme, under which funds are made available to small-scale businesses and artisans on a regular basis through banks for disbursement to beneficiaries at low interest rates.
Fatokun also noted that the club provides a Welfare Scheme, under which hands of fellowship and assistance are extended to members who are ill or bereaved.
At the event, honorary awards of meritorious service to Ibadan land were presented to the club's presidents, elders of the club, and Prof. Jide Owoeye, the Governing Council of Lead City University, in appreciation for their contributions to the club and Ibadan.
At the club's 13th annual lecture and awards, titled "Riding the economic and financial storms", held at the LCCI Conference and Exhibition Center, Ikeja, Lagos, the guest lecturer, Pastor Bayo Olugbemi, while addressing inflation in the country, advised Nigerians to adopt the mindset that every problem presents an opportunity in disguise.
On how to ride the economic storm, Olugbemi urged Nigerians to ensure they have enough cash to cover unexpected shocks by tightening receivables, monitoring payables, and maintaining liquidity buffers.
He also urged them to reduce debts and avoid unnecessary borrowing, adding that over-leveraging can destroy businesses.
Speaking on strategic investment, Mr Olugbemi emphasised long-term productivity and taking advantage of downturn pricing.
He also reiterated that digital transformation is no longer optional, while urging business owners to adopt digital payment systems, use data analytics for decision-making, and leverage artificial intelligence and automation.
"Technology is expected to drive efficiency and growth across sectors. You have to ensure you stay informed and be proactive, and develop contingency plans. This has become critical in Nigeria today because policy shifts can be sudden and market dynamics change rapidly," he noted.
He concluded by stating that, despite diverse economic challenges, Nigeria still offers a high-yield investment environment, a growing digital economy, expanding capital markets, and strong entrepreneurial energy.
