A pro-democracy group, the Kwara Must Change, has shortlisted entries by four students in its mathematical competition to determine the bankability and justifiability of renovating Kwara Hotel and upgrading it to a 5-star Hotel at the rate of N17.8billion.
The group had earlier announced Kwara Hotel Mathematical competition with a reward of N50,000 for correct entries, in an effort to get dispassionate and honest evaluation of investment by Kwara state government.
The pro-democracy group also said that analyzing governance issues cannot be left to politicians and few public personalities alone, adding that these people may be turning facts on its head based on their own interest and bias.
“This explains why it introduced the mathematical competition and numerous students from across the federation sent in entries,” it said.
Announcing the result, Kwara Must Change said that entries by the following students had been shortlisted for consideration in Kwara Hotel Mathematical Competition, namely Ibrahim Abdulazeez from Moddibo Adam University of Technology, Yola, Elijah Oyedele Ainiku from University of Ilorin, Ibrahim Qosim Olamide from University of Ilorin and Salaudeen Ayodeji Faruk from University of Ilorin.
Each of the students presented a detailed solution to the mathematical equation, using different methodology.
In the submission of Ibrahim Abdulazeez, a student of Surveying and GeoInformatics at the Moddibo Adam University of Technology Yola, he said that, based on evidence derived from solution to the equation, the negotiating ability of Kwara State government can be described as efficient.
According to him, Kwara State government is able to upgrade a 172 rooms Hotel to 5 star Hotel for N17.8billion, which appears to be more efficient use of funds compared to others who did smaller projects with more funds”.
Another student, Elijah Oyedele Ainiku, a physics student from University of Ilorin also agrees with Ibrahim Abdulazeez in his submission.
He concluded that, the proposed cost of upgrading Kwara Hotel is cheap, when compared to other listed examples such as Akwa Ibom and Premier Hotel.
In another entry, a student from University of Ilorin, Ibrahim Qosim Olamide stated that, the calculation shows that the adjusted cost of upgrading Kwara Hotel is higher than the proposed cost and we can say that the proposed cost is relatively cheap.
Salaudeen Ayodeji Faruk, a student from University of Ilorin who adopted a different approach to the equation stated that, the cost per room of Kwara Hotel is cheaper, when compared to other hotels across the country and this means that the cost of the upgrade is very reasonable and worth it and it can be described as good investment.
Kwara Must Change itself is yet to make any official statement on the hotel upgrade.
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