Ekiti State University (EKSU), Ado-Ekiti, has set a new record as the first institution in Nigeria and sub-Saharan Africa to establish a financial dealing and trading room, aimed at equipping students with hands-on experience in financial markets.
The state-of-the-art facility, launched at the Department of Finance in the Faculty of Management Sciences, houses equipment worth approximately N50 million. It was made possible through a partnership between the university, the Tunji Olowolafe Foundation, CFA Society Nigeria, and FMDQ Group, all committed to advancing financial education and economic empowerment.
The General Manager of the Tunji Olowolafe Foundation, Mrs. Morenisola Familoni, highlighted that the trading room is the first of its kind in a Nigerian university, boasting 12 trading stations, each equipped with dual monitors, a large television screen, a solar-powered inverter, and air-conditioning units to maintain a conducive environment. She explained that the facility allows real-time trading of stocks, equities, bonds, and forex transactions across global financial markets.
Speaking at the launch, the Vice Chancellor of EKSU, Professor Babatola Ayodele, lauded the initiative, describing it as a major step toward enhancing students’ practical knowledge in financial trading. He commended the project’s sponsors and emphasized that the facility would significantly improve the university’s academic offerings in finance and investment studies.
The Vice Chancellor also acknowledged the support of Ekiti State Governor, Biodun Oyebanji, for his administration’s continued commitment to improving the quality of education in the state. He declared the trading room open for use, expressing optimism that it would provide students with the necessary skills to thrive in the evolving global financial landscape.
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