"Universities as Hubs For Development and Wealth Creation" (55th Convocation Ceremonies)
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Date
2025
Authors
Aduloju, O.D
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Publisher
UNILAG Press and Bookshop Limited
Abstract
This lecture explores the critical role of universities as transformative institutions pivotal to national development and wealth creation. Dr. Oluwatayo David Aduloju emphasizes that universities are not merely centers of learning but dynamic hubs at the intersection of academia, business, and government, strategically positioned to influence socio-economic progress. Utilizing comparative insights from Nigeria and Indonesia, the lecture underscores how universities can catalyze economic and social transformation by generating fit-for-purpose human capital, producing innovative knowledge, and developing technology to address societal challenges. The convocation spirit, as described by Dr. Aduloju, embodies relevance, contextual awareness, catalytic energy, and visionary leadership necessary for intellectual and societal advancement. Further, the lecture highlights the evolutionary trajectory of the University of Lagos, affirming its commitment to fostering ideas and ideologies that promote national transformation. A call is made for realigning academia, industry, and government sectors to craft an education system that drives innovation and national progress. This tri-sector collaboration is depicted as essential for universities to fulfill their potential as engines of development and wealth creation. The message is reinforced by commentary from former Minister Babatunde Raji Fashola, emphasizing the strategic importance of universities in shaping Nigeria’s developmental pathway. In conclusion, this lecture positions universities as vital catalysts for national transformation through their roles in innovation, expertise generation, and fostering strategic partnerships, aligning with broader developmental goals in Nigeria and beyond.
Description
"Universities as Hubs For Development and Wealth Creation" By Dr Oluwatayo David Aduloju. University of Lagos Convocation Lecture for the 55th Convocation Ceremonies, Delivered at the J.F. Ade-Ajayi Auditorium, University of Lagos
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Citation
Aduloju, O.D. (2025). "Universities as Hubs For Development and Wealth Creation" University of Lagos Convocation Lecture for the 55th Convocation Ceremonies, Delivered at the J.F. Ade-Ajayi Auditorium, University of Lagos. 50P