The Ekiti State University (EKSU), Ado-Ekiti, has become the first institution in Nigeria and sub-Saharan Africa to launch a financial dealing room as the university seeks to provide students with practical experience in financial trading.
The trading room was launched at the Department of Finance Faculty of Management Sciences, where about N50 million worth of gadgets were commissioned.
The initiative is the collaborative effort of the university, the Tunji Olowolafe Foundation, CFA Society Nigeria, and FMDQ Group, which aimed at providing economic and financial support to the university.
The General Manager of Olutunji Olowolafe Foundation, Mrs Morenisola Familoni, while speaking to journalists, said that the dealing room is the first of its kind in a Nigerian university; it is equipped with 12 box stations and other equipment
He added that, “Each has two monitors, a giant television screen, a solar inverter to power the entire system, three AC units to ensure a conducive environment for business transactions.”
Familoni described the trading room as a place where, with the help of the internet, stocks, equities, bonds, and forex are either bought or sold all over the world.
She added that with the multi-million naira equipment in the room, all kinds of live trading.
The Vice Chancellor of EKSU, Professor Babatola Ayodele, who lauded the launching of the financial trading building, commended the foundation and other partners for the project at the university
Ayodele, who noted that the project would be of great value to the students, noted that, “This is indeed another step towards economic and financial reliance of the university.”
The VC, who declared the facility open for business, showered encomiums on the Ekiti State Governor, Biodun Oyebanji, for his continuous efforts in ensuring that standard and quality education is obtainable in the institution.