No Financial Gain From My Investment in Elizade University But I Am Happy

….Seeks FG’s support for private universities

The founder of Elizade University, Ilara-Mokin, Ondo State , Nigeria, Chief Michael Ade-Ojo has expressed immense satisfaction with the institution’s progress, despite the lack of financial returns on his investments.

Chief Ade-Ojo spoke at the Combined 8th and 9th Convocation Ceremonies of the University held on Saturday where the university released another sets of his students to join hundreds of the institution’s alumni who are making waves and blazing trails in their various fields.

Chief Ade-Ojo who is the visitor to the university highlighted the institution’strides in academic excellence and infrastructure.

“Though I have not gained anything in monetary terms from my investment in the University, seeing young Nigerians coming out of this University fully prepared for the future and making global impacts are enough consolations for me. I have been intentionally sacrificial with my investment in the University. It therefore gladdens My heart to see the seeds I sowed to humanity, already bringing forth useful fruits. My vision has always been to provide world-class education right here in Nigeria, and while there’s still work to be done, I am pleased with how far we have come,” Ade-Ojo said.

Chief Ade-Ojo also acknowledged two distinguished honourary doctorate recipients: Apostle Folorunso Alakija and Chief Tunde Afolabi for their outstanding contributions to both Nigeria and the world. To meet the needs of the growing student population, the founder announced the completion of new facilities, including a 1,500-bed male hall of residence and a new cafeteria.

Addressing the challenges facing private universities, Chief Ade-Ojo called on the government to support institutions like Elizade University, which he noted were “working hard to fill the gaps in Nigeria’s education system.” He also urged the university to continue to place greater emphasis on research and entrepreneurship training, which he believes will equip students to contribute meaningfully to national development.

Former, Nigerian Minister of Works and Housing and 2- term Governor of Lagos State, Raji Fashola who delivered the Convocation Lecture titled “Nigeria and I,what can I do” pleaded with Nigerian Youths to put an end to the mass exodus out of the country with the Japa syndrome. He queried “Why did Mrs Alakija not run away? Why did Chief Afolabi not run away? Why are they still here?” Explaining, he said times were equally tough in their younger days that propelled the popular musician Dr Victor Olaiya’s song Ilu le o, ko s’owo l’ode…. in the 60s.

According to him those were tough times, when Chief Ade. Ojo was at University of Nigeria (UNN), “but Chief Ade. Ojo didn’t leave. If he left, there will be no Elizade University.”

Mr Fashola insisted that the youths “have become leaders in the Nigerian household,” and therefore they “‘must embrace that responsibility as Chief Ade Ojo did”

He equally said his own experience and refusal to run away from the country as his other friends and siblings while they were much younger should encourage them on the need to stay back in Nigeria and combat the situation headlong. He further queried, ” do leaders run away when it is difficult?”

The university also celebrated its academic achievements, with Imogu Emmanuella Ifunanya (CGPA 4.95) and Adeeye Funmilayo Comfort (CGPA 4.92) named top graduates. Funmilayo has already started her Master’s studies at Stafford University.

In his address, Vice-Chancellor Professor Kayode Thadius Ijadunola highlighted the university’s rapid growth, with new postgraduate programmes in Law, Civil Engineering, and Architecture.

Ijadunola said the university is committed to producing well-rounded graduates, skilled not only academically but also morally and entrepreneurially. With new developments, a growing research portfolio, and strong community ties, Elizade University is poised to continue its upward trajectory in Nigerian higher education.

Pro Chancellor and Chairman of Council, Emeritus Professor Olufemi Bamiro, who welcomed attendees, reflected on the university’s impressive expansion since its founding in 2012. From just two faculties and 13 programmes, Elizade University now offers 31 undergraduate and 23 graduate programs, ranking among Nigeria’s top 26 universities.

As part of its continued development, the university now has a ₦4.7 billion Hall of Residence constructed by the Founder with plans to build a 2,500-capacity auditorium.

Professor Bamiro also reminded the graduates of the changing job market, encouraging them to develop a mindset of resilience and adaptability.

“The days of relying solely on white-collar jobs are over,” said Prof Bamiro. “Your success will depend on your ability to create opportunities and think entrepreneurially.”