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Business Expert Calls for Enhanced Investment in Technology and Infrastructure for Long-Term Sustainability

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Dr. Hameedat Olodo, a seasoned Senior Lecturer and Business Administration Researcher at Al-Hikmah University, Ilorin, stresses the critical importance of ramping up investment in technology and infrastructure to ensure the resilience and longevity of businesses.

With a wealth of experience advising businesses and policymakers, Dr. Olodo emphasizes that the strategic deployment of technology and the development of robust infrastructure are paramount in navigating today’s dynamic business environment.

“Investing in technology and infrastructure isn’t just about keeping up with the present; it’s about safeguarding the future viability of our businesses and economies,” Dr. Olodo asserts. “In a rapidly evolving world, businesses that fail to adapt risk becoming obsolete.”

The need for heightened investment in technology spans various domains, encompassing digitalization, automation, and data analytics. Dr. Olodo highlights the transformative potential of digital technologies in streamlining operations, enhancing customer experiences, and uncovering new market opportunities.

“Digitalization isn’t a mere add-on; it’s a fundamental necessity for businesses striving to maintain competitiveness,” she emphasizes.

Moreover, Dr. Olodo underscores the indispensable role of sturdy infrastructure as the cornerstone of economic progress. Beyond physical structures, infrastructure investment entails creating an environment conducive to business prosperity.

“Infrastructure investment goes beyond building roads and bridges; it involves establishing the essential framework for businesses to thrive,” Dr. Olodo explains. “From reliable transportation networks to efficient communication systems, infrastructure forms the foundation for sustainable development.”

The imperative for investment in technology and infrastructure is particularly pressing in the wake of evolving challenges such as the COVID-19 pandemic. Dr. Olodo identifies the pandemic as a catalyst for accelerating digital transformation and infrastructure enhancement, highlighting the urgency of prioritizing investments that fortify the business ecosystem.

“We must prioritize investments that strengthen our business ecosystem, especially in agile, technology-driven models and resilient infrastructure systems,” she emphasizes.

Dr. Olodo calls upon stakeholders across governmental, private, and investment sectors to prioritize investment in technology and infrastructure.

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Education

NANS Condemns University of Ibadan’s Fee Hike

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By Gabriella Ogbu

The National Association of Nigerian Students (NANS) has voiced its opposition to the University of Ibadan’s proposed increase in tuition fees for new intake students to N412,000 per session. Gundu Mimidoo Joy, NANS’ public relations officer, expressed concern in a press statement issued yesterday, stating that such a substantial fee hike threatens the affordability and accessibility of education in the country. Joy emphasized that education is a right, not a privilege, and criticized the university management’s decision, suggesting it reflects a lack of commitment to national development.

Joy highlighted the potential impact of the tuition increase, noting that it could make it more challenging for children of taxpayers to pursue higher education. She criticized the move as detrimental to the nation’s progress, accusing the university leadership of undermining hope among citizens with this decision. According to Joy, the sharp rise in tuition fees demonstrates a disconnect between the university’s management and the broader societal needs, particularly during a time of economic strain and rising costs of essential goods.

The current economic climate, characterized by soaring prices of basic necessities, exacerbates the financial burden on students and their families who are already struggling to make ends meet. Joy called upon the university authorities to reconsider their decision, labeling it as regressive and likely to exacerbate existing educational inequalities in society. NANS urges the university to prioritize the interests of students and their families by exploring alternatives to mitigate the financial strain imposed by the proposed fee hike.

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Education

BUTH Hunts for Children of Abandoned Patient

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By Cynthia Abah

The management of Babcock University Teaching Hospital (BUTH) has launched a search effort for the children of one of its patients, Mr. Maurice Okpenyong, 81, who was reportedly abandoned at the hospital. According to a statement from Babcock University’s Communications Department, Mr. Okpenyong was brought to the hospital by his children, a man named Lawrence and a woman, who have since disappeared and failed to accompany him home when BUTH signed his discharge in December 2023.

Despite efforts to locate the patient’s son and daughter, their whereabouts remain unknown to BUTH management. Collaborating with the police in Ilishan, Area F, and Bariga, the hospital has searched for his son at both his official and private addresses without success. The outstanding total debt accrued by the patient at the time of his discharge in December 2023 was N399,320. However, due to his children’s failure to retrieve him and his prolonged stay, his bill has escalated to N1,279,350 as of March 20, 2024, with only N180,000 paid by either the patient or his children.

The decision to publicize the situation was made by the hospital management to prompt the patient’s family to collect him, as BUTH can no longer ensure his well-being. Additionally, despite the hospital’s continued provision of care, Mr. Okpenyong has displayed rebellious and abusive behavior. The administration cited instances where he removed his pee bag, causing unsanitary conditions. Due to concerns that he may attempt to flee, the hospital has placed him under watch.

Mr. Okpenyong, hailing from Akwa Ibom’s Obot Akara Local Government Area, had been diagnosed with Repeat Suprapublic Cystostomy. The hospital’s efforts to locate his children and address his care needs reflect their commitment to patient welfare amidst challenging circumstances.

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Education

Ekiti Government Pays N546m for WAEC Fees

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The Ekiti State Commissioner for Education, Dr. Bimpe Aderiye, disclosed that the state government has disbursed a total of N546.90 million for the 2024 West Africa Examination Council/ Senior School Certificate Examination (WAEC/SSCE) fees. Aderiye confirmed this in a statement released to journalists in Ado-Ekiti, stressing that the amount covered administrative expenses for all 16,269 SSS 3 students from public secondary schools in the state who registered for the exam.

Aderiye emphasized that no public secondary school in the state was permitted to collect a WAEC registration fee. She warned that any administrators from Ekiti’s public schools demanding such a fee would be engaging in sabotage. The commissioner cautioned parents and guardians against paying unauthorized fees, noting that such actions undermine the government’s objectives and impede efforts to enhance the socioeconomic conditions of the populace.

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