LAUTECH Alumnus Wins N800,000 NYSC-WEMA Bank Grant

Taoheed Oyewo, a Mechanical Engineering graduate from LAUTECH, emerged victorious in the NYSC-WEMA Bank(ALAT) Copreneurship Business Plan competition, held at the NYSC Permanent Orientation Camp in Shagamu, Ogun State. The competition, aimed at promoting entrepreneurial spirit among Corps members, awarded Oyewo a substantial prize of N800,000.

Among the 10 platoons at the NYSC camp, three qualified representatives engaged in the competition. Oyewo's winning project presented a modified pit-latrine system addressing water, sanitation, and hygiene challenges with innovative features. The cost-effective solution aims to reduce open defecation by 70% by 2030, contributing to Sustainable Development Goals like SDG-6 (Clean Water and Sanitation), SDG-3 (Good health and well-being), and SDG-15 (Life on Land).

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Oyewo secured the first position, receiving the grand prize of N800,000. The second position went to Oluyanwo Mojolaoluwa, awarded N700,000, while Faith Onyinyechi claimed the third position with a prize of N600,000. Joy Ilabija secured the fourth slot with a prize of N200,000.

Mr. Abiodun Folorunso, Group Head of Wema Bank in Ogun State, emphasized the competition's role in motivating youth with entrepreneurial aspirations. He urged the winners and participants to utilize the grants judiciously. In his closing statements, Folorunso encouraged them to channel the same passion and dedication into their post-service year endeavors, emphasizing the transformative impact these ventures could have on the community and the economy.

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This achievement reflects the innovative contributions of LAUTECH graduates, showcasing their commitment to addressing societal challenges through entrepreneurial initiatives.