A financial technology company, Moniepoint Inc, says it has donated an ultra-modern Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) laboratory to Obafemi Awolowo University (OAU), Ile-Ife, Osun State.

Tosin Eniolorunda, Co-founder of Moniepoint, in a statement on Thursday, said the donation was aimed at advancing STEM education and fostering technological innovation in Nigeria.

Eniolorunda noted that investing in STEM education was critical to driving the nation’s socio-economic development.

Moniepoint adds security feature to enhance customer protection  

“This newly revamped lab represents more than just an upgrade; it stands as part of a personal commitment to foster a generation of engineers and innovators who are not only skilled but also inspired to think critically and creatively about real-world problems.

“A catalyst for innovation for the next generation of engineers and technologists who will drive Nigeria’s economic growth and advancement.

“By investing in STEM education and providing access to platforms like this lab, we’re laying the critical rails for the emergence of leaders, innovators, and changemakers that Nigeria needs,” he said.

Similarly, Prof. Adebayo Bamire, Vice-Chancellor of OAU, commended the philanthropic donation by Moniepoint and Eniolorunda, who’s an alumnus of OAU’s Mechanical Engineering Department.

“We are grateful for this laboratory, considering the paucity of funds affecting tertiary institutions.

“This will enhance the livelihoods of our students and staff, foster academia-industry collaboration, and drive innovation,” Bamire said.

Bamire encouraged other alumni to emulate the culture of giving back and also support worthy causes within the university.

Also, Prof. Lasisi Umoru, Dean, Faculty of Technology, noted that the facility would increase research capabilities, improve graduates’ employability, and serve as a model for STEM education nationwide.

“The laboratory will provide hands-on experience for students in CAD/CAM technologies, bridging the gap between theoretical knowledge and practical application.

“We appreciate Moniepoint’s investment in our students’ future,” Umoru said.

BRANDPOWER reports that the laboratory named “Tosin Eniolorunda Design Lab” was donated to the Mechanical Engineering Department of the school.

The laboratory was equipped with state-of-the-art facilities, including 30 high-performance desktop computers, laptops, electronic boards for interactive learning, laboratory furniture, sustainable power solutions, and advanced cooling systems, among others.