“Politicians Have Grounded Nigeria’s Economy”, Don Asserts At FSMO Prize Giving Day 

Speaking at the event held at Owo High School, Owo on June 13, 2024, Dr.Adenegan, an erudite scholar at the Adeyemi Federal University of Education Ondo and the Rector of Adeyemi College of Technology, lamented the state of the nation’s economy, attributing its woes to the actions of politicians. 

He emphasized the need for a change in leadership and governance to revitalize the economy.

“How will one explain at a time we are celebrating 25 years of uninterrupted democracy, too many political office holders with significant and insignificant portfolios, receive huge pays and remunerations, even at the detriment of workers. Secretary to the PA of the PA to the Governor could have five or more buildings. Contractors who have assisted politically elected leaders are compensated with inflated projects that have low qualities and impacts.

Also, “Institutions Executives are made to parade Abuja almost on weekly basis for reasons that can be remotely solved and consequently affecting institutions finances. Corruption, money laundering and injustice are warmly romanced at high levels”, Adenegan lamented.

Despite the dire economic situation, Dr. Adenegan praised the efforts of Dr. Foluso Falaye, the sponsor of the FSMO, for his commitment to promoting education and academic excellence in Nigeria. 

He encouraged others to emulate Dr. Falaye’s philanthropic spirit. “If others embezzling our monies will even in turn use the money in this regard and spend back in the society, citizens will not condemn their acts”, Adenegan revealed.

The FSMO award ceremony celebrated outstanding students in science and mathematics, with Oluwasegun Precious Olamide (AUD Grammar School Owo) emerging as winner receiving the cash prize of N150,000 while Adebisi Busayo (Owo High School Owo) and Salaja Honour (At. John/Mary Unity Owo) emerging as the second-place and third-place winner, receiving a cash prize of N120,000 and N100,000 each with medals and trophies. 

Meanwhile other five contestants that reached the final stage got N25,000 each. The 1st best 20 contestants got free WAEC and JAMB registration payments, international SAT registration payments, 6-months weekend intensive coaching with monthly stipends and were presented certificates of participation. 

Equally, all participating schools got free-ordered Mathematics, physics, Biology and chemistry textbook series from abroad, courtesy of the sponsor. 

In his address, the sponsor emphatically prophesied that Owo will be brought to the global map of excellence as from the next academic session with the crop of the maiden set of best 20 contestants that will be intensively trained by FSMO through his family gesture. He made a Clarion call that individuals, groups and families should kindly support this feature to expand the FSMO scheme. 

Meanwhile, Dr. Adenegan’s remarks sparked a lively discussion among attendees, underscoring the need for collective action to address Nigeria’s economic challenges. Adenegan is prominently known for his indigenous teaching of Yoruba Mathematics Class on YouTube.

The event brought together educators, students, and stakeholders in the education sector, highlighting the importance of investing in human capital to drive economic growth and development with Prof. Chief. A. I. Ayodele as the chairman of the occasion. 

Present at the event were Owo local government Zonal Education Officer, Tutor General, Director TESCOM, and Chairman ANCOPSS. 

Others included Mr. Adebisi the PTA Chairman, Hon. Chief. S.S. Adenegan, former PTA Chairman, High Chief. J. A. Aladenusi, Mr. Egona, Mr. Adedamola Adeyeri, Ministry officials, Principals of many schools in Owo local government area and parents of the winners and other guests with many dignitaries watching the event’s live coverage by Òwò Madè Chat Showbiz.