Convocation Ceremony

Chief Kola Daisi, CON, Chancellor





It is my great pleasure to welcome you all to the 2nd Convocation ceremony of our great University, KolaDaisi University.  I am truly excited to be part of today’s ceremony once again.  Some weeks ago, I celebrated my 90th birthday anniversary, to the glory of Almighty God, and like I mentioned during one of the events, at the ceremony the exact time of the initiative was God’s choice in my life and I am fulfilled that I even ventured into it, considering the sure and steady growth being witnessed by the small mustard seed sown sometimes in 2013 and came to actualization in the 2017/2018 academic year.  It is indeed a thing of joy to sow, see it germinate and grow up in good shape and quality.

I especially welcome the Convocation Lecturer, Prof. Abel Idowu Olayinka FAS and the immediate past Vice Chancellor of Nigeria’s premiere University, the University of Ibadan.  I also appreciate the presence of the new members of the Board of Trustees and Governing Council.  I congratulate Prof. Adeniyi Osuntogun OFR, who was the pioneer Chairman of the KDU Governing Council, but today has become the Chairman of the Board of Trustees. He has the privilege, together with other members of the BoT, among who are Chief Akin Olujimi SAN, one time Minister of Justice and Attorney General of Nigeria, Chief Akin Delano SAN, Mr. Abiodun Salami and High Chief Abiodun Kola-Daisi, to continue the good work with which the former BoT members, led by the late Prof. Emeritus O. O. Akinkugbe, CFR, NNON started.  Your commitment and dedication to the growth of the KolaDaisi University, Ibadan cannot be overemphasized.  You have indeed shown exemplary leadership in directing the affairs of the University towards the right path from which, without doubt, you will not relent.

I also congratulate the new Chairman of the Governing Council, Mr. Remi Babalola, a Chartered Accountant, seasoned Banker and a former Minister of State for Finance of the Federal Republic of Nigeria.  I appreciate the commitment of eminent personalities who have agreed to continue to serve on the Board including Emeritus Prof. Olufemi Bamiro FAS, Prof. Oladapo Afolabi CFR, Mallam Tukur, High Chief Abiodun Kola-Daisi, Chief Moji Ladipo, Alhaji Oladapo, Mr. Abiodun Salami, Arc Olamilekan Adegbite (Minister for Solid Minirals), Mrs. Olasumbo Obaseki, Mr. Tunde Busari, SAN and Mr. Tokunbo James.  The commitment and synergy among the Management staff led by the Vice-Chancellor, Prof. Adeniyi Olatunbosun, joyously now a SAN designate is highly commendable and has resulted in ensuring the entrenchment of the Vision and Mission of the University in all aspects of the academic community.

This is my second convocation as the Chancellor of the University and I am happy to note that we will be graduating 92 students today as against the 52 we graduated last year.  This is an evidence of the gradual but steady progress being made by our notable institution and of which I am sure we will continue to make.  I am also aware that 103 of them were to have graduated, but in our relentless pursuit of quality and as it is in the reality of the journey of life, some had to be re-assessed in the next session.  Our key mission is to nurture quality graduates with high employability attributes and competencies.

While congratulating the graduating students for achieving this feat, I admonish you all to go out there and be good ambassadors of this University.  Aside your learning, your character should be impeccable, showcasing the quality of training you have imbibed during your sojourn here.  The importance of quality graduates cannot be overemphasized, most especially in a time like this when the nation is in dire need of innovative leaders.  It is our hope that you will all be worthy ambassadors of KolaDaisi University, who will go out there to do great exploits in your various fields.  You are to be problem solvers, finding solutions to challenges in your areas of interest.  I am sure you have been adequately equipped for this.

I congratulate the parents and guardians for believing in the KDU project and trusting us with your wards.  I pray your investments in time, finance and other areas will not be in vain.  You will surely and proudly reap the good fruits of your labour.  I look forward to more of your trust and confidence in the future.

Thank you and safe journey back to your various destinations.


Chief Kola Daisi CON

Chancellor and Founder, KolaDaisi University, Ibadan



Your Excellency, The Executive Governor of Oyo State, Engineer Seyi Makinde

The Honourable Minister of Education, Mallam Adamu Adamu

Other members of the Federal and State Executive Council here present

Your Excellencies, Members of the Diplomatic Corps

The Executive Secretary of the National University Commission, Professor Adamu Abubakar Rasheed

The Chancellor and Founder of KolaDaisi University, Bashorun, Kola Daisi, CON.

His Imperial Majesty, Oba Dr. Olalekan Balogun, Alli Okunmade ll, the Olubadan of Ibadan Land.

Other Royal Highnesses

Members of Olubadan in Council

My Lords Spiritual and Temporal

Chairman and Members of Council of Chambers of Commerce

Members of Board of Trustees of Kola Daisi Foundation

Pro- Chancellor, Kola Daisi University, Mr. Remi Babalola

Members of Governing Council of KolaDaisi University

Pro-Chancellors and Chairman of Governing Councils of other Universities

The Vice Chancellor, KolaDaisi University, Professor Adeniyi Olatunbosun

Vice Chancellors of Other Universities

Members of Senate and Principal Officers of KolaDaisi University

Graduants of today

Very Distinguished and Proud Parents of Graduants

Friends of the University

Staff and Students of KolaDaisi University

Distinguished Guests

Gentlemen of the Press

Distinguished Ladies and Gentlemen

On behalf of the Chancellor and Founder of KolaDaisi   University, (KDU), Bashorun Kola Daisi, (CON), Board of Trustees, Council, Senate and Students of this University, I warmly welcome you all to this occasion

It is also our pleasure to welcome the Executive Governor of Oyo State.

A very warm welcome to all parents and guardians of graduating students. We appreciate the sacrifice and investment that you have made on your children. We pray that God will reward you bountifully. (Amen).

We congratulate and rejoice with all our graduating students, 92 of them in number.

All our special guests, friends and well-wishers are warmly welcome. We appreciate your joining us to celebrate the joy of this special day with us.

On behalf of the Board of Trustees, the Governing Council and the Staff and Students of this University, I congratulate the Founder and Proprietor of this Institution on, Bashorun Kola Daisi, on his 90th Birthday.

We want to express our appreciation to the Founder and Chancellor for his continuous contribution to the development of infrastructure and other essential facilities to promote conducive learning environment.

I wish to acknowledge the co-operation and contribution of my colleagues on the Board of Trustees. They include   His Royal Majesty (Oba) Abiodun Kola-Daisi, Chief Akin Delano SAN, Chief Akin Olujimi SAN, Chief Abiodun Salami, the Pro-Chancellor Chairman of Governing Council, Mr. Remi Babalola and the Vice Chancellor, Professor Adeniyi Olatunbosun, SAN.

The contribution of Members of the Governing Council under the able leadership of Mr. Remi Babalola, the Pro- Chancellor, is hereby acknowledged.

We appreciate the commitment of the Principal Officers, Members of Senate and Academic and Non-Academic Staff of this University. We commend the Vice Chancellor, Professor Adeniyi Olatunbosun for his visionary and quality leadership.

The convocation Lecture will be delivered by an erudite scholar, Professor Idowu Olayinka, who is the immediate past Vice Chancellor of the University of Ibadan.  Later in the programme, more about his background will be presented from his resume.

We express our deep appreciation to you, Professor Olayinka for your acceptance of our invitation to deliver the Convocation Lecture.

We heartily congratulate and rejoice with all our   graduating students, and their parents and guardians, on successful completion of their degree programmes.   We pray that this achievement will be a stepping stone for greater attainment for you in years to come.

Please join and be active in the Alumni Association Programme of this University

We wish you all God’s guidance as you go into the world. In the Name of Almighty God, it will continue to be well with all of you. Amen.

Professor Adeniyi Osuntogun, OFR

Chairman BOT

KolaDaisi University,  Ibadan.


The Founder and Chancellor of the University

The Chairman, Board of Trustee of the University

Members of the Board of Trustees of the University Members of the University Governing Council

The Vice Chancellor of the University Members of the University Senate

The University Management. The Academic and non-academic staff of the University.  Parents of our graduands

All invited and distinguished guests Ladies and gentlemen. Finally, and most importantly, our graduands

Let me join our highly respected Chancellor in welcoming all of us to this ceremony and extend my warm congratulations to the graduands we are honouring and celebrating today. My brief goes to the graduands. You have earned your respective degrees through hard work, sacrifice and persistence. Success is no accident. As you become custodians of high standard of performance, you are charged to contribute to the greatness of our country, Nigeria and the world, by extension, make the world a better place by the intellectual transformation you have undergone in the past few years of your academic pursuits. Wherever you choice to be, endeavour to apply yourselves to challenge impunity, recklessness, lawlessness and pursue common good.

As you go into the real world, remember you are our ambassadors, our KDU name- bearers; always be deliberate to do the right thing and make the right choices. You may need to occasionally ‘be comfortable with being uncomfortable’. Make an impact, add value, do something good wherever you find yourselves.

The University has found you worthy in character and learning. It has not only infused  in you requisite technical knowledge but also equipped you with ethical values and soft skills that will make you discharge your responsibilities diligently in your respective next life endeavours. You have no excuses, and you have everything you need to change your world. Be rest assured, the clouds will break. Have some patience, engage in delayed gratification. Place substance over appearance, character over power and prestige.

The world is currently facing fundamental challenges and Nigeria in particular is undergoing unusual self-inflicted existential issues; these demand higher levels of determination, courage and self-belief to be a value creator.

As you may be aware, private tertiary education is a special privilege anywhere in the world. Do not underestimate its importance and relevance; make the very best of your intellectual endowments by being the best and being unique.

Commencing with our first set of Alumni members just concluding their national youth service scheme, the Council, working with the University Management, will monitor and sharpen our graduates into three buckets of:

  • Employed
  • Employers
  • Further studies

The initiative will ensure utility and versatility of all our graduates.

As you step out into the new world of possibilities and opportunities, challenge yourselves to your full potentials; do not limit your dreams and boundaries. In the words of late Nelson Mandela, “Education is the most powerful weapon which you can use to change the world”. Now that you are about to open a new chapter of your life, you are in possession of the most powerful weapon to change the world. So, go out there and conquer.


Congratulations to the Class of 2022!!

Thank you all.


Mr. Remi W. Babalola, B. Sc., MBF, HCIB, ACIT, FCA, FCTI

Pro-Chancellor and Chairman, Governing Council






I am delighted to join the Chancellor and Pro-Chancellor in welcoming you all to the Second convocation ceremony of our great University.  I specially acknowledge the presence of the immediate past Vic-Chancellor of the University of Ibadan and my former Vice-Chancellor in the University of Ibadan (U.I.), in the person of Professor Abel Idowu Olayinka, FNSE, who despite the very short notice, agreed to deliver today’s Convocation Lecture.  I will like to put it on record that during his tenure as the Vice-Chancellor of University of Ibadan, he enthusiastically signed a Memorandum of Understanding with KDU, committing the ageless U.I., not only to be our mentor, but to accommodate us in every areas of need.  The M.O.U. therefore guarantees KolaDaisi University (KDU) to enjoy a robust relationship with U.I. in all areas of scholarship, healthcare and research, for this, I am very grateful.

On behalf of the Senate, Staff and Students of KolaDaisi University, I wholeheartedly welcome the Founder and Chancellor, Chief Kola Daisi CON, Board of Trustees and Governing Council members to yet another glorious outing of the University.  Please join me in expressing my appreciation to our Founder and Chancellor, Chief Kola Daisi CON, for single handedly committing his resources to building this beautiful and wonderful University of ours.  I pray that by God’s grace, your vision for the University to become a world-class one will not be aborted.

I am also happy to welcome some of our benefactors who have endowed various categories of prizes as indicated in the Convocation Programme.  We are indeed very grateful for this show of love and your readiness to partner with us to make our University great.  To some of our partners too, like Heritage Bank who funded our Accounting Laboratory, we are grateful.  We look forward to more of such partnership in future.

I have the pleasure to welcome our dear parents and guardians who believed in the KDU project and had entrusted us with their wards for the past four years, I rejoice with you for being part of today’s success story.  I pray that your joy over your graduating children and wards will be full and permanent.

To our graduating students, big congratulations on your dream that has come true today, as you proudly receive your degrees from the Faculties of Applied Sciences and Arts, Management and Social Sciences. You have been equipped to take on the world with all you have to be solution-providers in all the sectors of the economy you find yourself.  The University will be awarding you your degrees because you have been found “worthy in character and in learning.”  In other words, our job was not only to impart knowledge and skills but also to mould the character in you until you had become worthy.  We are aware of the clear dearth of the core values like integrity, modesty, hard work and personal responsibility, which informed the University to ensure that these values were inculcated in you for the development of your good character in the society, which will stand you from the teeming crowd of unrefined and lawless youth. This to a large extent will prepare you for leadership positions in a society where quality leadership is gradually dwindling

At this juncture, I will like to inform you that any time from now, the University will be hosting officials from the National Universities Commission (NUC) for the Resource Verification of the following Basic Medical Sciences programmes:

  • Sc. Nursing;
  • Sc. Medical Laboratory Science;
  • Sc. Public Health;
  • Sc. Human Physiology and
  • Sc. Human Anatomy.

This is to let parents, guardians and the general public know that these programmes will be available before the end of this current admission exercise.


In a bid to ensure quality, the University has partnered with companies like the New Horizon for digital skills empowerment and professional trainings leading to ICT certification, which has resulted in the award of prizes for best students in their programmes, to be awarded today.  Apart from encouraging them to register for the Accounting professional examinations, the Accounting Laboratory is fully equipped with modern software to meet the present day demand for accountants. This has also been made possible through partnership with Heritage Bank & Committee of friends of the Bursar who donated equipment for the fully furnished Accounting Software Laboratory to the University. So, in essence, as our graduates move out there in the society to be game-changers, they have been groomed to be well-rounded, ready-to-soar graduates.  Other partnerships are as listed below:

  1. New Horizon, USA set up of an I.T Hub, Award of certificate to students and the award of prize of excellence to two (2) outstanding KolaDaisi University Students
  2. Universiti Teknologi Mara, Malaysia partnered with the Department of Economics on friendship and co-operation, promotion of mutual understanding, academic, cultural and scientific thought through personnel and student exchange.
  3. Oracle Academy partnered with the University in the production of top notch programmers.
  4. Universitas Air Langga, Indonesia, Faculty of Law, admitted two of our Law students in KolaDaisi University as online/offline students on summer course.
  5. Sc. training in Bioethics and onsite training in responsible conduct of research sponsored by United States Government under the Scaling up Research Ethics and Research Integrity (SURER).
  6. Talent Builders Vocational Institute for Entrepreneurship in Textile technology, production of hand sanitizers, liquid soaps and cosmetics.
  7. Chartered Institute of Management Accountant (CIMA), our students are to enroll and obtain qualification which is internationally recognized
  8. Donation of Books from the Institute of International Affairs (NIIA), Lagos to the Department of History & Diplomatic Studies
  9. Steve Nicholas Nigeria limited donated a 7KVA Gasoline generating set to the University.

Students and Staff Development Conferences

  1. Jubril Oyetunji, a 200 level Student, Cyber Security attended a conference on International Student for Coders, hosted by Hack Foundation as the only student from Nigeria between August 5 &7, 2022 in San Francisco, United State of America.
  2. O. Oladipo, a Lecturer from the Department of Mathematical and Computing Sciences with the collaboration of other lecturers in the department formed Robotics Research Team of the department in collaboration with Africa-Rain to create a network for bringing together various governments and organization in respect of developers, users and regulators of robotics for the purpose of sharing experiences and developing capacity to enhancing robotics for sustainability in Africa. This is meant to promote the University’s international space. The network is planning to organize a boot-camp for students’ from selected senior secondary schools this October.
  3. The Faculty of Applied Sciences organized a Science Quiz for Secondary Schools in Ibadan, and it was a huge success.
  4. FAMS organized a very successful international workshop that had many virual participants outside the country.

Physical developments:

Apart from the above academic, staff and students’ developments, permit me to humbly mention some physical developments too, which are, but not limited to the following:

  • The Security architecture had been greatly improved, the details of which I can’t go into. Our parents and guardians should be assured that with God on our side, your children and wards will be well taken care of.

b.)  A New Male Residential Hall that can accommodate over 600 students have been put in place through the courtesy of our Chancellor.

c.)  The new Agbeke Memorial Hall where this event is taking place, will afford us enough space for large classes for examinations. It has also been equipped with a security system to deter any misconduct.

d.) Construction of three big structures going up simultaneous. These structures will host the

Faculty of Law building, as well as the Departments of Nursing and MLS buildings

e.) Acquisition of a 30 Seater Bus to ease transportation problem, especially because of our                                location.  This is in addition to the 18 Seater one we had before.

While taking steady steps towards global relevance, I am pleased to inform you that a new Board of Trustees has been inaugurated. The Board is chaired by Professor Adeniyi Osuntogun OFR, while others are, Chief Akin Olujinmi SAN, Chief Akin Delano SAN, Chief Abiodun Salami and High Chief Abiodun Kola-Daisi.  A new Governing Council with the following membership was also inaugurated.  The Pro-Chancellor and Chairman of Council is an astute banker and financial expert in the person of Mr. Remi Babalola FCA, a former Minister of the Federal Republic of Nigeria.  He has been working with other prominent personalities, including, Prof. Olufemi Bamiro, FAS, former Vice Chancellor, U.I., Prof. Oladapo Afolabi, CFR, former Head of Service of Nigeria, Hon. Justice Bunkunola Adebiyi, Arc. Olamilekan Adegbite, a serving Minister of the Federal Republic of Nigeria, Mallam Bashiru Tukur, Dr. Kolade Mosuro, High Chief Abiodun Kola-Daisi, Chief Mojisola Ladipo mni, Mrs. Sumbo Obaseki, Chief Abiodun Salami, Alh. Oladiti Oladapo, Mr. Yinka Babatunde, Mr. Tokunbo James and Olatunde Busari, SAN.

Today, the University graduates 92 students with the following breakdown:


Programme 1st Class Honours 2nd Class Honours (Upper Division) 2nd Class Honours (Lower Division) 3rd Class Honours Total
B.Sc. Computer Science 3 4 8 4 19
B.Sc. Industrial Chemistry 1 1 1 3
B.Sc. Biochemistry 3 1 1 5
B.Sc. Microbiology 5 5 5 15
Sub Total 42
B.Sc. Accounting 3 3 2 8
B.Sc. Business Administration 1 1
B.Sc. Economics 3 3
B.A. English & Literary Studies 2 2 4
B.A. History & Diplomatic Studies 1 5 2 8
B.Sc. Mass Communication 2 7 8 17
B.Sc. Political Science 5 2 2 9
Grand Total 92


In conclusion, I implore our graduating students to go out there and do us proud.  You have been inducted into the Alumni Association, and I expect you to be active and give back to your alma mater.  It is my prayer that you will all be relevant in the scheme of things for good in the world.  Even if you have not been a recipient of any prize today, you have been equipped to win greater laurels in your various disciplines in the society.

To our parents and guardians, I say a big thank you again for the confidence reposed in us.  I join others to pray that you will have joy unspeakable over all of your children and wards.  For those of you who still have children within our admission age, we look forward to more patronage.  Thank you for choosing KDU-1.

Thank you all for listening.  I wish you all safe journey to your various destinations.




Prof. Adeniyi Olatunbosun

Vice Chancellor



Abel Idowu Olayinka

Second Convocation Lecture, KolaDaisi University, Ibadan


I thank the Chancellor, Board of Trustees, Council, Senate and Management of KolaDaisi University (KDU), Ibadan, for inviting me to present the Second Convocation Lecture as one of the activities lined up for the Convocation Ceremony holding on Thursday 6th October 2022. One is doubly honoured by the fact that the First Convocation Lecture of KDU was presented last year by an eminent and highly cerebral scholar of no mean repute and the Vice-President Federal Republic of Nigeria, His Excellency Professor Oluyemi Oluleke Osinbajo, GCON, SAN. I congratulate the Founder/Proprietor of KDU, our highly respected father, eminent lawyer, highly successful boardroom guru and global icon, Chief Kola Daisi, Commander of the Order of Niger and all the eminent individuals who have been associated in one way or the other with the very impressive progress recorded by this university since it got its operational licence in November 2016. I must confess that you have a very beautiful and serene campus, that you all can be very proud of some distance away from the hustle and bustle of busy life of our sprawling Ibadan Metropolis.

The University of Ibadan was assigned the task of serving as the Mentor Institution to KolaDaisi University Ibadan and it is gratifying to note that the founding fathers of this university were most pleased and well-disposed with this arrangement. As the Vice- Chancellor of the University of Ibadan at the time the late Professor Emeritus Oladipo Akinkugbe of blessed memory who was a personal friend and confidant of Chief KolaDaisi instructed me to look at ways in which the University of Ibadan could assist the new institution to take off on a sound footing. One is very happy that the humble efforts have yielded very good efforts. On a personal note, I took part, formally and informally in the selection of both the immediate past and the incumbent Vice-Chancellors of KDU. I thank the Chancellor for the confidence reposed in me.

I will like to congratulate the graduands who will be receiving their degrees after several years of hard work and perseverance in this citadel of learning at this ceremony. It must certainly feel good to have been found worthy in both character and learning by the Senate of the University. The world is now under your feet. You should go ahead to be a change agent in our rapidly changing world. I extend warm felicitations to your parents, guardians, siblings, and friends and well-wishers. I will also acknowledge all the staff of KolaDaisi University who must have contributed in one way or the other to make today’s joyous occasion possible.

In this Convocation lecture, we have examined access to university education in Nigeria, assessment of students, stability of academic calendar, staffing, challenges faced by private universities, employability of graduates, cost of tertiary education, and benchmarking KolaDaisi University. The last section comprises discussion and a few concluding remarks.

Access to University Education

As stated by Amponsah and Onuoha (2013) most national governments in Africa have approved the establishment of private universities in order to address the problem of who pays for higher education in the new millennium; to offer environments conducive to teaching and learning needs in the higher education sector; bridge the gap between the small number of educated Africans and the millions who need university education; in order to promote diversity, innovation and autonomy; offer quality education to enable individuals to achieve their potentials by introducing current teaching systems that leverage on the effective use of information technology; provide new and specialized educational programmes aimed at self-employment; and in response to the universal call for privatization, free market economy and individual ownership of establishments.

The public sector has been unable to satisfy the growing social demand for access into higher education. There is a shifting political view of extending public subvention to social sectors in order to lessen investment possibilities in the productive sectors and thus the growth potentials of the economy in general. Public universities are perceived as been unable to respond to the demand for changes in courses and subjects of study that have taken place in many countries. Moreover, in some countries, the public sector is being criticized for inefficiency while the private sector is increasingly being promoted for its operational efficiency (Varghese, 2004).

Public universities face series of crises resulting from rapid expansion of university education in Nigeria. The reasons include poor staff mix compounded by ageing academic staff and difficulty in attracting, supporting, developing and retaining fresh talents; ageing problem which translates to continual exit of experienced staff; Inability to attract foreign staff and students; unstable academic calendar; overdependence on government for funding; difficulty in securing new sources of internally generated revenue; inadequate provision of municipal services, especially electricity and water supply; weak financial budgeting and management; relatively weak capacity for innovation in fund raising; inadequate teaching and research facilities for staff and students; a conservative, slow decision-making system and outdated bureaucracy; poor communication mechanism with both internal and external stakeholders; academic and research programmes with limited connect with the government and industry and other stakeholders; limited ICT infrastructure and deployment to support academic and administrative functions; inadequate suitable staff housing and hostel facilities for students on-campus; huge maintenance needs of the vast University property. Moreover, most of the public institutions had become a haven for cultism, sexual harassment and similar social vices.

One of the major reasons for the rapid expansion of university education in Nigeria is the demand for it by the population. The belief is that graduates have better employment opportunities and have enhanced earnings compared to non-graduates; degrees open doors as many jobs now demand a degree unlike what was the scenario many decades earlier; Increased marketability and increased earning potential; personal growth and improved self-esteem; higher job satisfaction; and positive Return On Investment; Preparation for a specialized career; opportunities to develop life skills and build self-confidence to become a strong and independent individual as well as intergenerational and social mobility.

As pointed out by Erinosho (2008) one major way in which African countries have responded to increasing demand for higher education in the face of dwindling resources is to open up the sub-sector to private investors. Various governments began to issue licenses to private organisations and individuals that have the resources to establish private universities. Consequently, new private universities are springing up all over Africa to provide education to the teeming population at fees that are much higher than those of public universities. The first set of Private Universities in Nigeria were licensed in 1999 and it comprised three universities, namely Babcock University, Ilishan Remo in Ogun State, Igbinedion University, Okada, Edo State and Madonna University, Okija, Anambra State. There are now 111 Private Universities in Nigeria. This is in addition to the 49 Federal Universities, and 57 State Universities. It may be pointed out that about 50% of the Private Universities were established in the last 10 years. Being established in 2016, about 60 of the Private Universities in the country are older than KolaDaisi University Ibadan.

According to data available from the Joint Admissions and Matriculation Board (JAMB) the number of candidates seeking admission into the various Nigerian universities, through both the Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE),has been increasing steadily over the years (Figure 3). The candidates were in excess of two million in year 2020

















 Thank you.

Professor Abel Idowu Olayinka, FAS

Immediate Vice-Chancellor, University of Ibadan




Mr. Vice Chancellor, thank you very much for the warm reception and generous hospitality extended to me and my team.

I am honoured to have been invited to deliver the first convocation lecture of the University. I also note with great satisfaction the fact that the Chancellor, the Vice-Chancellor and my humble self are lawyers. At last, we are accepting the fact that lawyers make the best administrators, with all due apologies to my distinguished aunt, Chief Mrs. Nike Akande who you know is a distinguished accountant.

When a few months ago I received the request from the Chancellor of this University Chief Kola Daisi, to give this convocation lecture, it was clear to me that it was an order, not a request. Where I come from, when your father makes a request, that is an order. Chief Kola Daisi is a man for whom I and many in my generation have always had tremendous respect and admiration.  And in many ways, the KolaDaisi University is a unique place of learning and inquiry because of its foundations.

The founder and visioner of this University, Chief Kola Daisi, represents in Nigeria and around the world, a unique Nigerian brand, a man whose professional career as a lawyer, pioneer executive of several Chambers of Commerce and co-founder of the British Nigerian Chamber of Commerce and later a businessman, tells a story of how the pursuit of success must not just be for self and family, but for the good of others and society.

Prof. Yemi Osinbajo, Convocation Lecturer at KolaDaisi University ConvocationEvery step of the way, especially through the Kola Daisi foundation, he has designed ways of putting his resources to the use of his community and those who need help. This university is a culmination of that life of sacrifice. An institution that will offer world-class university education not as a commercial venture but as a service.  Sir, it is a high form of enlightenment to recognize in one’s lifetime that what endures after we are gone is how much of ourselves, our ideas and our resources benefit the coming generation when we are gone. Congratulations sir on your preferment for the Chancellorship of the university.

I must also commend the academic and administrative staff of the university, for keeping faith in the vision and mission of this university. Indeed, you have the enormous duty of nurturing the men and women who will shape the destiny of the largest number of black people gathered anywhere in the world and Africa’s largest economy. Well done so far.

And to the parents, friends and family of the graduands, what a joyful and proud moment. Congratulations.

And to the reason why we are gathered today, the class of 2020, the pioneers, the freshest graduates of Kola Daisi University. Many congratulations!  I hope you will host me for lunch today at the Ella Fritz restaurant or famous cafe as it’s called when we leave here.

As you sit here today, glad that at last, you have a degree and proud of your achievement, you are probably anxious about the future. After youth service, you wonder whether you will find a job, whether even if you find a job, you will be paid enough to rent decent accommodation, get married and bring up children, or travel on holidays or take a post-graduate degree. Your parents also worry about how long they may need to support you while you are searching for a job.

In short, what does the future hold and how should you approach it?

I will mention a few important facts that I will like you to remember merely as a guide in the coming years.

  • The first is that you must believe that you have all that it takes to succeed and that you will succeed.Do not accept or believe the story that you will not succeed or that the years gone by are better than yours. In fact, always be suspicious of those who are always talking about the “good old days” they probably have a bad memory. Every generation has its bright spots and its troubles.
  • The second is that you are graduating at the most advanced moment in human history. The Smartphone you have in your hand today has 100 times more computing power than the computer in the Apollo spacecraft that took men to the moon in July of 1969.I have in this device, my iPad and many of your smartphones, the space, and memory for 1000 times more books and materials than all the law books that were in the Elias Law Library at the University of Lagos, where I studied Law.
  • The third point is that success means continuous learning and self-development.
  • The fourth point is that collaboration and partnerships are important for businesses today especially tech-related businesses.
  • The fifth thing is that the greatest mistake you can make is to think that character does not matter. It does. Integrity, and self-discipline in particular.

Now let me assure you that there is plenty of hope, and there are many opportunities. The world you are living in is changing. In my days, it was believed that you needed to be either a lawyer, a doctor, an accountant to be successful, today there are many different options.

There are more avenues for success now than ever before. There is a whole new world of opportunities that have opened up especially with the internet and digital technology.

I will share some of the stories of young men and women like you who in various endeavors have done two things. They have taken advantage of the many opportunities and they have demonstrated that the rules for success have not changed.

In the past few years, we have seen Nigerian start-ups owned by young men and women grow from scratch to billion-dollar businesses.

As of 2021, more than six(6) of such companies have been named Unicorns. A Unicorn is a company that is worth over a billion dollars.  I will give examples of two companies, Paystack and Flutterwave.

Paystack was co-founded in 2016 by Shola Akinlade, and Ezra Olubi, both graduates of Babcock University, in their twenties. Paystack is a payment processing company. It is now estimated to be worth a billion dollars.

Flutterwave, also a payment processing company was co-founded by Gbenga Agboola and Iyin Aboyeji also in 2016. Iyin was 24 years old when they founded Flutterwave in Lagos. Flutterwave is now worth nearly $3billion and both companies employ hundreds of young men and women.

There is also PiggyVest, co-founded in 2016 by Odunayo Eweniyi, she was then 21 years old. PiggyVest is a wealth management platform, at the end of 2019 had helped one million users save about $80million dollars. Her co-founders are John Chibueze and Somto Ifezue. They were all classmates at Covenant University.

In agriculture, you have the digital agriculture businesses. I will give two examples of those I have actually met and who I have had an occasion to interact with except one or two. Two examples of agricultural technological companies; Thrive Agric and Farmcrowdy. Farmcrowdy, for example, uses technology to connect farmers to investors and provide a platform for trading raw agro products, inputs, and commodities, they have a farmer network of over 400,000 farmers.  The founders are Onyeka Akumah, Akindele Phillips, Temitope Omololani, Christopher Abiodun, and Ifeanyi Anazodo.  All in their early 20s when they started.

Onyeka Akumah a serial entrepreneur also started the highly successful Travelbeta, an online travel agency, that has raised over two million dollars in funding.

I am sure you all know that Nairaland, the popular Internet forum now listed by Forbes as the biggest African internet forum, was started by Seun Osewa at age 23, while still at the OAU.

Also, right here in Oyo State, there are four award-winning small businesses, I will mention two. Soupah kitchen owned by Ifeoluwa Olatayo; a female entrepreneur, her company won the National Best MSME awards for 2019. She studied English at the University of Ibadan but she found a unique line of business making cooking easy. So, she collects vegetables such as tomatoes, pepper, and spices, processes them into various soup ingredients, packs, and preserves them so that all you need to do is add your vegetable and palm oil, and your stew is ready. Her company is at Mokola Army Barracks Road.

Another company Planet 3R owned by another lady, Adejoke Lasisi, her company won the Best MSME award for 2020 and they are in the business of recycling and waste management, they convert used ‘pure water’ cellophane bags, after thorough sterilization, into clothes, bags, shoes, using locally made wooden equipment. They are at New Ife Road.

There is Silas Adekunle, the robotics engineer who invented Mekamon, the world’s first intelligent gaming robot. Max Chinnah who, at 26, invented the Genesys Cooker, a smokeless stove that addresses the problem of smoke pollution which kills an estimated 4 million people every year. Or take Ejikeme Patrick Nwosu, an organic chemist who has invented a fire-retardant paint that could drastically mitigate the risk of fire outbreaks.

There are some using technology for humanitarian work Saadat Aliyu, who runs a tech hub in Kano, has developed an app for reporting cases of sexual assault. Last week, the Canon Young Champion of the Year Award – which celebrates the achievements of young people around the world who are driving social and environmental change, gave the award to Samuel Anjolaoluwa Alabi, (under 21) for his inspiring project, ‘Students of Ibadan,’ which shines a light on the struggles faced by under-served students in the city of Ibadan.

I have here with me two exceptional young Nigerians, my personal photographer Tolani Alli. Another Ibadan girl, started off thinking that she wanted to be a doctor, but later realized that her real passion is photography. I found her here in Ibadan for the first time, at the time she was the photographer to the late Senator Abiola Ajimobi of blessed memory. She is a multiple award-winning photographer; she has been featured for her work in many foreign magazines. Just yesterday Netflix invited her to Los Angeles to represent Africa in a docu-series on filmmakers, photographers, and creatives from 5 continents.

Also, my videographer, Timmy Davies is also an award-winning cinematographer. He has travelled the world being invited to shoot films.  He shot the debut of Christian Dior in Africa. I am sure you know Johnny Drille; Timmy shot all the videos for his music. I caught him and invited him to spend some time in public service.

Just yesterday I met with some members of the association of Skit comedians online comedians. Taaoma, who has over 2 million followers on Instagram, studied Tourism at Kwara State University. There was also Woli Agba (Ajewole Ayobami), a graduate in Economics from Lead City University here in Ibadan.

Just too funny graduated from Federal School of Science and Tech, Yaba in Computer Craft, or Mr. Hyena, who graduated from Olabisi Onabanjo University in Computer Engineering. These are all comedians, who make three or more skits weekly online and work very hard. But millions watch them and so they too can make money from using their channels for advertisements.

How about teachers? A teacher in a primary school Henry Anumundu developed an effective learning process for school children in poor areas. He is also a well-celebrated award winner.

On teachers’ day at my office, I hosted Oluwabunmi Anani, the 2020 Winner of the Maltina Teacher of the Year Award, recognized for her revolutionary teaching methods in English and English Literature for senior secondary school students in Yola, Adamawa State. There are many more examples trading online, selling their skills from clothes, handmade shoes, to beauty products.  Some trading stocks, cryptocurrencies, and even forex. This is a new age and new workplace. Young men and women have different lines of opportunities.

What are some of the key lessons?

  • First is that most of these successful young people did not just stop at a university degree. They learned something extra, for some it was programming, some took extra courses online in management and entrepreneurship, some followed their passion into fashion, beauty, and there are others who are not entrepreneurs, but they are interested in being effective managers or policy people.

In my office, I have as many as forty extremely bright young men and women advising on policies ranging from power, to finance and the economy. Most of them are under the age of 35. The key is that they kept improving themselves.

Today you don’t need to go to Harvard Business School to do one of the best postgraduate courses in entrepreneurship, you can do it online on EdX. EdX is an online educational website co-founded by Harvard University and MIT. They have a wide range of excellent courses, many for free, others for as little as N50,000 if you want a certificate. Or the other great website for continuous learning, Udemy which offers a wide range of programs including web development, game development, digital marketing, and business analytics and design.

  • The second point is that all of these businesses we looked at a moment ago started small. Don’t be afraid of starting small and growing slowly, that is exactly how great businesses are formed. Don’t be distracted by “yahoo yahoo boys” who suddenly show up with a fancy car. Trust me, their days are numbered. They will go to jail one day.  What is the point of making money if you cannot sleep well at night?
  • The third point is that of all the examples I have given you, not one of them had rich parents and all of them did most, if not all of their schooling here in Nigeria.

It is important to bear in mind that a Nigerian education is an important credential because you understand the terrain and the lay of the land.

You must find out about the support that is available, either from the private sector or the government. For example, the Federal Government has established a N75 billion National Youth Investment Fund. This provides financial support for small businesses in any field.  The Central Bank of Nigeria has also established a Creative Sector Fund. This is for young people in entertainment or technology.  There is also the new programme called Investing in Digital and Creative Enterprises (iDICE) with over $600million to support young tech and creative sector entrepreneurs and other entrepreneurs through the provision of finance, skills development, and infrastructure.

Earlier this year, the Federal government partnered with the UNDP and the private sector to start a programme called the Jubilee Fellows Internship Programme. For the next 5 years, every year 20,000 students after youth service will be given internship opportunities in private sector companies and in public agencies. The idea will be for the participants to gain relevant career and life skills that will enable them to transition seamlessly into professional, business, or public sector careers, while also earning very good pay during the internship. These opportunities exist, make the effort to access them.

Before I close let me dwell briefly on a point I made earlier, I said

“ don’t be fooled, character is key to success”.

It is not an old-fashioned or religious thing. It is a business and success decision you must make. Be known for your integrity, and reliability. Also, be diligent and be prepared. Character is self-discipline. There are many talented people who do not succeed because they lack self-discipline.

It is the self-discipline that enables you to take opportunities when they come. Opportunity knocks as they say, but I think it’s probably truer to say that sometimes opportunity whispers. Besides as Leonard Ravenhill said, “the opportunity of a lifetime must be seized in the lifetime of that opportunity.” You must be prepared. Most people have great hopes and dreams, but they are hardly ready for the opportunity when it comes.

Let me tell you a quick story. A lady worked with me many years ago. One of her greatest ambitions was to do a Master’s Degree in Law in the US. She prayed hard about it. And everyone in the department knew of her desire. One day out of the blues, we got an offer from a US Foundation through the US Embassy to nominate a candidate, preferably female to do a Master’s and fellowship in a US University. Wow!! The rejoicing that day. We were all so excited. We had only two days to the deadline. We had to submit her passport that afternoon. Then the bombshell, she didn’t have a passport! We tried desperately, the next day to obtain a passport but it didn’t work. To cut a long story short, she lost the opportunity. She had everything else but missed her moment.

So, there are some here who will say I want to work in an international organization, maybe the UN, and you know that to stand a good chance you need a second language apart from English. So, if you haven’t started yet, now is the time to learn French, Spanish, or even Mandarin. So, you won’t be like the young man who was asked if he spoke a second language and he said yes, English and Shekiri.

The second part of that is integrity.  Basic honesty, trustworthiness. You must be trustworthy. Trust, not money, is the real currency of interaction whether it is commercial or social. If you can be trusted, if people find you trustworthy, the class of degree you have will not matter. Everybody is looking for a trustworthy person to partner with or to employ. Even thieves are in search of trustworthy people to keep their money with.

Third aspect of trust is respect for obligations. When you borrow, make sure you repay. Whether it is from a friend, a relation or a bank. Credit is the lifeblood of business. If you can be trusted to pay back you will always have enough credit. You are dead in business if your credit dries up.

So, there will be many paths out there as you step out into the world, never be afraid to try, never be afraid of failure, every great success usually also has stories of many failures, don’t let the past tie you down, your past is history, it is not your destiny, you will always be better tomorrow than you were today.

I pray for you that the days and years ahead will give you much joy, fulfillment, and prosperity and that you will be a source of pride and joy to your families, this university, and our nation, in Jesus’ name. Amen.


Thank you.

Professor Yemi Osinbajo, SAN, GCON

Vice-President of Nigeria.

Date: Thursday, 6 October, 2022

Time: 11:00 a.m

Venue: Convocation Arena