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The market economy in Lagos State University

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All hands are on deck, as regards making LASU, a better place of study. However, this has been countered by some of the school’s vendors.

Nowadays, its often difficult for students to get all necessary equipments needed for academic progress, the inflation in prices has crippled them to a situation of sharing tools which somewhat produces an uncomfortable atmosphere.

Having visited the faculty of Education, during a class tagged EST 224, where instructional materials such as; cardboads, mathsets, erazers were used.

Unfortunately, the progress recorded that very day was discouraging, as students shared materials, due to the inflation in price.

These students voiced their distress, on how expensive these materials have become, simply because the vendors knew the students would be needing them.

READ  “NAIRA”- AN EDIBLE CURRENCY

Truly, these private business owners make big profits from patronizers mainly students, varying from cyber- café owners to food vendors.

Its saddening, knowing  some of these school vendors tend to exploit students because of how limited they are of choice.

The truth is, it all zeroes down to the fact that the school management has been paying little or no attention to the business sector in the institution.

Precisely, the Lagos State University Student Union (LASUSU), should thereby take it upon themselves to establish a price regulating committee on campus to ensure the business owners are not exploiting students and should also see to the uniformity of price of the same goods in various parts of the campus.

READ  "We have Flobyt free Wi-Fi in ten hot-spot locations in LASU" -Dele Odufuye

If this is achieved, there will be more profits, but more importantly, students learning process would be made easier

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Mass entrepreneurship amongst LASU students.

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Since the introduction of various entrepreneurial programs in the university , the Lagos State University, LASU, students have utilized this opportunity to an unbelievable extent.

This has been proven through a survey conducted. The survey conducted, reveals that about seventy percent of the students have a business in order to sustain their various insatiable needs. Students who are entrepreneurs approach other people on campus to advertise their goods, convincing them to patronize.

This trend has in fact moved online, as students showcase their business using social media platforms such as Instagram, twitter, Facebook etc. Since most people, don’t feel the need to go to the market to purchase goods, they can get it within their reach using social media to place orders.

READ  Why we changed the location of our Trade and Book Fair – LASUSU

This new discovery is expected to encourage students in building entrepreneurship skills amongst them.
Also, this improves the financial state of students, thereby building a better economy for the state

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LASU ACMS elects new executives

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Academic Cooperative Multipurpose Society (LASU-ACMS) has elected new executive members to pilot the affairs of the Cooperative business.

 

New excos taking oath of office

The newly elected executive members were sworn in on Wednesday, September 26, 2018 immediately after the Annual General Meeting for 2017 business year. Dr. Habeeb Sanni of the Department of History and International Studies is the succeeding President. He was the former Vice President 1 of the cooperative society.

The executive team are: Dr. Abdul-Wasi Moshood, Vice President 1; Dr. Selome Kuponu, Vice President 2; Dr. Oseni Afisi, Secretary; Dr. Samuel Oluranti, Assistant-Secretary; Dr. Teslim Ojuromi, Treasurer; Dr. Ojo-Agbodu, Financial Secretary; Dr. Shehu Akintola, Ex-Officio 1; Mr. Adeyemo Abioye, Ex-Officio 2.

READ  “NAIRA”- AN EDIBLE CURRENCY

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Team of four students to win $1 million US dollars

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A team of four, a business idea stands a chance to win One million ($1,000,000.00) US dollars, as LASU get set to host Hult prize competition for budding social entrepreneur.

Participants must be an undergraduate student of LASU; must have a business idea and must have a team of four (4).

To register, sponsor and for enquiries call Campus Director on 0812 838 8296

READ  Banks return to Ojo campus
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I am leaving when the ovation is loudest- Dr. Akintola, LASU-ASCMS president

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On Wednesday, 26 September, 2018, Academic Staff Cooperative Multipurpose Society Limited of Lagos State University (LASU) registered under the Lagos State Cooperative Federation Limited, held its 2017/2018 Annual General Meeting (AGM) at MBA hall, LASU main campus, Ojo Lagos.

After the arrival of members and invited guest, the registration of members and the recitation of the national anthem, the Gen secretary, Dr Jameelah Yaqub read the minutes of the last AGM. Sequel to this, the executive report was delivered by Dr. Shehu Latunji Akintola, the President of the society on their selfless stewardship from 2015/2017 as elected officers of the society.

The President said, “I am leaving when the ovation is loudest, no more begging for loans and inglorious past of fraudulent, wicked and selfish use of compassionate loan to favor self, cronies and other narrowed interest group to the detriment of our collective happiness, wealth and investment. I can say boldly today, that the management committee which I lead has acted faithfully to the oaths of office and operated with the fear of God.”

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He further said, the tenure achieved by building an unfettered access to regular, compassionate, and soft loans, designing a workable precautionary measures on safety of members’ monthly savings, effective communication with members through various platforms such as WhatsApp and SMS, selling by listening, strict adherence to registered bye laws and regulations, coping with criticism and working with the best.

Dr. Shehu Latunji informed all that they ensured, Dr Habeeb Abiodun, Dr. Jameelah Yakub and Dr Awodele Ojo-Agbodu seeked for re-election into current positions for the purpose of continuity and smooth transition.

He announced a new slogan of the society, “refund our misappropriation funds back now”. He also said, the society trading activities which are the super market and coca cola were completely injected with new management system bothering on control and supervision, and the pharmacy project is nearing completion and operation.

The General Secretary and Treasurer of the Cooperative Society, Dr. Abayomi Adeoye delivered their report after the president concluded.

READ  LASU ACMS elects new executives

The secretary reported that there has been great improvement in the Management of the Secretariat, the use of POS machine in the supermarket for the facilitation of supermarket accounting activities and the installation of CCTV in the Secretariat and supermarket as made it easier to monitor the happenings around the Secretariat. She also reported that the society will now bag their own garri.

The treasurer also reported the society’s trading account as well as thrift and credit activitiesthe gross surplus for both activities in 2017 is N44,280,778.36, the net plus is N31,186,604,10 and member dividends for 2017 financial year was N17,500,000.00.

The supervising committee of the cooperative society which comprises of three members, Prof Makinde, S.C.O, Prof. Adeleke F.A.R and Dr. Egbowon S.E, also presented their report to the annual general meeting.

The programme therefore came to an end after question and answer session, remarks by LASCOFED and the director of cooperatives, adjournment of AGM and finally the national anthem.

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LASU: A peaceful community for business and entrepreneurship

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The Lagos State University being ranked the best state Institution in the nation has experienced recent growth in Economical and Financial sectors.

The Vice Chancellor of the school during a press conference stated clearly that the exchange programmes with foreign universities like London South Bank University,University of Georgia, Cornell University and many more Universities has brought a balance to the Economical and Financial sector of the school and that the school also encourages entrepreneurship through the signing of memorandum of understanding with various small and medium enterprise.

The growth in the economical sector of the school has brought about a monumental change and stability in terms of conducive environment for learning, mutual relationship with students and workers and in a bid to make the institution a peaceful environment for learning and business

READ  “NAIRA”- AN EDIBLE CURRENCY

LASU also collaborates with Tetfund and this has brought about infrastructural development and not forgetting the new Lasu Career Development Center (LCDC) for acquisition of skills and skills promotion, LASU also gives any organization or enterprise the right to establish their business within the school, statistics shows that over 200 enterprise has been established in the school, there are over 5 banks in the school with ATM stands at almost every faculty, the school also gives the student the freedom to sell their product within the school, reports show that 5% of the student in a department have a business they do within their lecture halls which include selling of shoes, bags,clothes jewelries and confectioneries.

READ  LASU ACMS elects new executives

The introduction of the International Identity Card gives students of the school a discount for services globally and it is endorsed by UNESCO. LASU in a mission to imbibe entrepreneurship skills and also to make her students employable, collaborates with Ready Set Work (rsw) a program that was established by the Lagos State Government in a view to give students quality training about entrepreneurship skills and prepare them for the labour market.

 

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Banks return to Ojo campus

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After several months in limbo, commercial banks are set to return to banking ways on the Ojo campus of Lagos State University. Union Bank is the first to welcome customers to its new office, where banking operations have recommenced, thus ending a long lull. Meanwhile, construction works begun in February advance at the sites of its rivals’ new buildings.

The completion of these Banks is expected to ease financial engagements of staff and students, especially the ones who have had to go outside the university’s premises for transactions. Shina Badejo, who is a third year student of Mass Communication, heaved a sigh of relief when he spoke to our correspondents. “I am happy the bank (Union Bank) has returned, because it would reduce the stress of queuing at the small ATM machine stands and also students would be secure inside the school rather than going to rowdy areas to make transactions “, he said.

READ  LASUSU 2018 trade fair kicks off

Readers will recall that last year buildings of three banks United Bank for Africa, Guaranteed Trust Bank, and First Bank of Nigeria had stood in the way of on-going construction works on Badagry Expressway, for which they were demolished, forcing their operations to a halt. The few, who were not affected, continued operations but not without serious burdens.

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Why we changed the location of our Trade and Book Fair – LASUSU

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Having recorded success since the commencement of the Trade and Book Fair, students’ yet questioned the Students’ Union on why the location was changed.

While buyers are trooping in to patronise sellers’ products, the Union have explained why the location of the fair was change from the main auditorium car park to MBA.

According to the Students’ Union President, the change of location was in bid to deliver on their promises.

The Public Relations Officer for the trade and book, Sulaimon Damilola, explained further that the location of the event changed from the initial School Main Auditorium car park to Master of Business Administration (MBA) ground due to unforeseen circumstances.

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He added that they were told at the point of commencement that the original venue of the event would be used for a conference, hence, they had to comply to the principle of maintaining law and order.

Damilola told LASUGONG that the union obtained financial assistance from some persons whose identity were not disclosed, to fund the programme. He added that the turnout of people were beyond their imagination, hence, deem it fit to invite the presence of the school Marshals and tax force for security reasons.

One of the participants and business Promoters, Adagba Seyon, said: “Many people were not well informed about the change in location on time especially residents of Ojo.

READ  LASU ACMS elects new executives

But only hope that the programme will be well organised next time. However, the price of goods were affordable but the Indomie Company took over the market of the day.”

The LASUSU Trade and Book Fair added flavour to the school activities. The students uses this medium to plead with the Union to ensure that such event takes place yearly to enable them showcase their entrepreneurial skills.

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LASUSU 2018 trade fair kicks off

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The 28th Lagos State University Students’ Union (LASUSU) has commenced her trade and book fair yesterday, Wednesday, April 11, 2018.
The trade and book fair is part of fulfilment of promises made by the administration.
The event holds at the MBA ground, opposite ICT Centre of the Main Campus, Ojo, Lagos. The programme is scheduled for 3 days which runs from April 11 to April 13, 2018.
Assistant General Secretary of the Union, Comrade Lawal Qudus, said that LASUSU trade and book fair is organised to fulfill the campaign promises of the Students’ Union Government as well as actualising some of the objectives which is to increase the  welfarism of the students and to give students who are entrepreneurs the avenue to promote and market their business. The fair will also enable students get exhibited books that will further contribute to their research material.
Comrade Qudus went further, stating that “we won’t rest on our laurel until we achieve our objective by doing everything within our capacity to improve the welfarism of the students populace.”
He added that the new shuttle system made available for students on campus was part of the Union’s contribution on the welfare of students.
While the Welfare Director of the Union, Comr. Olanrewaju Sodiq, pointed out the need for students  who are entrepreneurs to take advantage of the populace of LASU community to amass wealth as they showcase their products.
Speaking to the Vice President, Ashade Nuratullahi (D’light), she said, “this event was organized in order for students to discover their skills in business owing to the fact that not everyone will be opportune to work with his or her B.Sc. certificate.
Based on the views of some of the participants, Smiles Jewelry Collection made it known that people are patronizing her but it’s just that some people are not aware of the programme and hopes more awareness is created as the event unfolds.
Another participant who owns Millipop who simply identified herself as Grace told LASUGONG that the location of this year’s Trade and Book Fair is particularly interesting and laudable because it is more centralized compared to the earlier scheduled venue at Main Auditorium Car Park.
More details to come…

READ  LASU ACMS elects new executives
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“NAIRA”- AN EDIBLE CURRENCY

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FefeIs naira now made with vitamins and minerals that enrich the body of animals? I am curious since a snake allegedly swallowed 36million naira from a jamb office vault in Benue state and a monkey as well allegedly swallowed 70 million naira on a farm in Kaduna state Nigeria.  Has the naira become an edible currency?

The naira is made from a special blend of cotton and linen fiber and thus not suitable for consumption by any living thing  unless that living thing has metaphysical powers like the unique “Spiritual” snake of  Benue State which uses metaphysical powers to crawl into a well serene, dry and heavily guarded office not to bite or swallow an animal or worst a human being but 36million notes of  hard currency. Or the monkey that has refused to eat bananas but opts for naira notes.

Philomena Chieshe  a Benue State Jamb Scratch card sales representative who according to the  EFCC confessed that Joan Asen an account officer confessed to her that she (Joan)and her accomplices have been stealing money from Jamb “Spiritually” through a mysterious snake which  sneaks into the office to swallow money in a vault. According to Philomena, it was her maid Dor, a native of Angantive in Obi LGA of Nassarawa state that turns into this supposed snake to perpetuate the crime. Whereas Dor on the other hand pleads not guilty and claims to have stopped working with her boss since November 2017.

Likewise, on 21st February 2018 the 7th assembly of northern senators  reported that they could not account for 70 million naira at the inception of  the 8th assembly. When an explanation was demanded,  Shehu Sani who was an Apc Senator from Kaduna state and the chairman of northern senator’s form said that  the money was swallowed by monkeys at his farm.

But then, pause. Let us try to understand this report; not the fact that this  snake story is obsolete and had happened in 2014 and investigated in 2015 but was uprooted by a hungry journalist as pointed out by DR Adeoye , a lecturer at the School of Communication in Lagos State University. Or the fact that this case is a last year issue where money that should have been remitted for scratch card sales ran deficit of 36million naira that could not be accounted for. No let’s not talk about how strange it is in this 21st century that people still keep such huge amount of money in the office or on a farm. Let’s try and understand Mrs Philomena, it might just be that she was speaking figuratively. I mean, we often refer to cunny and dangerous people as “green snake under the green grass” since she told us that it was her maid Dor who is the “snake”. Mrs. Philomena sent her maid away in November 2017 after she returned from a “power packed” crusade and decided to relocate to Abuja from Benue.  It could therefore be that she got revelations that all her money which has been missing from the vault was her maid’s doing and she was fed up. So I’m guessing that Dor is being referred to figuratively as a “Green snake” but this time inside a black vault”. It might be that she is an expert in opening vault to steal government money kept in her employer’s care. Amusing!

READ  I am leaving when the ovation is loudest- Dr. Akintola, LASU-ASCMS president

The corrupt practices in Nigeria if you ask me has devised a new means of shading and coding evil. I mean previously, when huge amount of money were reported missing from the national treasury, you would often hear excuses like it was “looted, hijacked or disappeared ” In September 2004,  30,000 barrels of oil was hijacked, November 2008, a satellite built with 40billion naira disappeared and then  900million dollars was looted in 2012 amongst others.

Therefore, it is funny and an insult on the general Nigerian populace that these corrupt practices are now blamed on animals. For sanity sakes!. Just recently in August 2017 it was Rats that chased our president from his office of which they had to use a huge sum of money to vaccinate the office before he could return before long  it was a snake that swallowed  millions now a monkey 70million naira?. Amazing! Probably during the fourth coming general election it might be hippopotamus or elephant that would snatch and break ballot boxes, Ants would illegally cast votes, wall gecko would eat up PVCs then shake would swallow the election revenues. Well I have one tiny suggestion, let the Nigerian Animal control unit be equipped for duty. We really need them now more than ever. Wait do we even have one? Well if we do, they should get their acts together for we are having some serious animal problems in our national treasury and parastalue.

CNN and BBC alike have reported these stories. Surprisingly, they are not even disgusted. Their take is that Nigerians are superstitious and diabolical. To them, when it comes to the Nigerian economic scandals anything can happen. I do not want to imagine what happens in their news room whenever this snake swallowing naira story is brought up. Imagine the mockery on Nigeria as a country. We do have educated people quite alright, but then these obnoxious excuses for crime are the order of the day. To think the lady actually expects us to believe the story. Yes a lot of  Nigerians are fanatics .literally every street in Nigeria have nothing less than an average of 3 to 4 churches on it. Lagos state is indeed the center. Textile companies, factories and other corporate enterprises are shutting down and reopening as churches and mosques. The truth is some people would actually believe that the snake is a metaphysical being as Mrs Philomina was quoted. And that her maid was the snake girl in question.

So, again am curious. What does miss snake princesses do with the money she swallows. Does she also swallow dollars? Or is it just naira she has eyes for? Please can she speak up? I mean judging from the fact that the Naira’s purchasing power is now very low, can humans too start chewing it? As a student my 3000 naira can longer carry me for a month. Let me know if it is now edible so that I can chew my notes peacefully at least 10 naira note per day might just be more filling compared to what 10 naira can buy in this present day Nigeria. We might as well start feeding on our edible currency to make this country a little more bearable.

READ  LASU: A peaceful community for business and entrepreneurship

However, one thing I love about my country is her people. We just know to infuse comic relief to every situation. At the heat of these reports, a lot of online comments went by. People even opened twitter accounts and name it “@The36millionSnake” “@Thesnake” “@TheSnakePrincess”@monkeymaster” amongst others. One Eric Uchenna  on facebook  made a comment that  went viral.  He commented as to why we should believe that the snake actually could swallow the money. According to him, from the bible Jonah was swallowed and harmlessly vomited again by a fish, Eve had a conversation with a serpent, A donkey yelled at its boss among others and we believed. Yet we find it difficult to believe that a snake can swallow 36 million. He jested that” what the Middle Eastern snake can do, our own snake can do better”.

Yet, this is not a funny matter. We often joke about lot things in this country. This however should be an exception. I am of the opinion that this matter should be treated seriously. If only justice would be allowed to follow its due course, these accusations labeled on innocent animals should be stopped. The culprits of these crimes should be apprehended and made to pay in the hands of the Law. For  we are sowing seeding to our generation unborn.

Recently senator Sani visited Jamb office with snake venom. C’mon are we joking here? Are these people even taking this country serious? Am heartbroken if a senator can react to this menace with such laxity! Little wonder another one said he kept 70million naira on his farm. Probably on his banana plantation in Kaduna

Let’s call a spade a spade, No snake can swallow Naira neither can a monkey. The naira is not even soluble enough for any living thing to eat. Any living thing that even eats it especially herbivorous and carnivorous animals would die from its harmful chemical properties.  No rat can be so disturbing to chase out a person from his office neither can a monkey swallow 70million naira. Nigerian youths wake up. Save generation next. Instead of making fun of these outrageous excuses, come out and make it known to them that we are not fools and that we do have rational reasoning faculty. If we really want corruption to stop in our country, let it begin with us. Instead of making self publicity and looking over these matters as online chat topics, come out and scream NO to these lies from these corrupt officials. The naira is not edible. No snake can enter a secured vault to swallow 36 million naira.

LET JUSTICE BE SERVED!

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