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LAUTECH 400L Student wins Osinbajo N1M Business Grant |Ogbomoso Info



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

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