Tag: Afe Babalola

  • Afe Babalola: A commitment to workers welfare

    Afe Babalola: A commitment to workers welfare

    •  By Tunde Olofintila

    Everywhere across all civilizations, people express their emotions by the opening of their mouths in songs of praise and appreciation and the opening of their lachrymose glands by sobbing and crying. Some others burst into an orgy of singing, sobbing and crying when they are riled.

     The former was the situation at Afe Babalola University, Ado-Ekiti, ABUAD, on Friday, January 23, 2026, when the University’s Founder & Chancellor, Aare Afe Babalola, OFR, CON, SAN, LL. D (London), Fellow, King’s College, London, FNAE, opened a bouquet of pleasant surprises of enhanced salaries, allowances and other mouth-watering perks for his staff.

     The early afternoon surprise by Babalola was a further affirmation of former President Olusegun Obasanjo’s position on his age-long friend who he described in March 2024 as “a man full of surprises, a man who had lived by surprises, a man who has lived from one surprise to another”.

     During Babalola’s surprise announcement that Friday afternoon, there were wild jubilation and spontaneous eruption of sonorous rendition of songs of appreciation by ABUAD Band, prime among which was: “Na our papa be dis oo, we no get another one, na our papa be dis oo”  

     As sartorial and dapper as ever, Babalola stressed his good news to his staff  was a fallout of what the Federal Government recently agreed to be paying the staff of Federal Universities.

     Even though Babalola, a two-term Pro Chancellor & Chairman of Council of the University of Lagos, UNILAG, made it clear from the beginning that the Staff Congress was called to thank the staff and appreciate them for their stellar contributions to the university, he ended up being praised, eulogized, and appreciated and applauded for his most unexpected New Year bounty to the staff of his university.

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     Babalola profoundly acknowledged and thanked all categories of staff for their commitment and dedication over the years, which he said accounted for the bouquet of national, continental and global acknowledgments, endorsements and laurels which the university had continually won as a result of which it has become the toast of its peers, including those that are several decades older than the 16-year-old university.

     The combination of all these has always been part of the reasons the university had always paid higher salaries and allowances to its workers.

     His words: “You know as much as I do that structures alone and beautiful environment do not define a university. Rather a university properly-so-called consists of serene and decent environment, well-equipped laboratories, modern equipment, students who are disciplined, cultured and ready to learn, and quality faculty members”.

     He added: “We thank God through you and our students that we have been able to meet all these parameters. These have made us the clear leader in the comity of universities not only in Nigeria but worldwide. For your information, on June 18, last year in faraway Turkey, The Times Higher Education Impact Rankings (THEIRS) 2025 rated our University as No. 1 university in Nigeria for four consecutive years: 2022, 2023, 2024, and 2025, No. 3 in Africa, and No. 84 globally.

     “This upward trajectory is the mark of excellence which was pursued with discipline and integrity and yielded measurable results. These were your collective efforts under the leadership of my Vice-Chancellor, Prof. Smaranda Olarinde, and the CMD of our Multi-System Hospital, Dr. Akinola Akinmade, and their commendable teams.

     “You all keyed into my vision and we are jointly accomplishing ABUAD’s mission. While acknowledging your immense contributions, I wish to reaffirm that ABUAD values and appreciates its staff, my supporters”.

     The elder statesman recalled that over the years, the university has introduced several welfare and incentive measures as tangible expressions of this appreciation. Such welfare and incentives include timely and regular salary payments since inception in 2010, annual staff awards and promotion for deserving staff, 40% tuition discount for staff and their children for academic pursuit at ABUAD, and sponsorship of academic staff for post-doctoral programmes within and outside Nigeria.

     Others are contribution of 7.5% of monthly staff salaries to the National Contributory Pension Scheme by the university, while staff also contribute 7.5% to the Pension Scheme, sponsorship for Staff to Seminars and Conferences within and outside Nigeria, 30% discount on staff hospital bills at the Afe Babalola Multisystem Hospital.

     Said he: “Recently the Federal Government released the reviewed remuneration package of academic staff of Federal Universities. In the same way, the Federal Government released the reviewed allowances for Health Professionals in Federal Public Service.

     “The good news now is that I have directed the University’s Bursary Department to immediately commence internal alignment processes in this regard with effect from this month, January 2026.

     Unlike the Non-Academic Staff who were not captured in the approved Government new salary for the Academic Staff of Nigerian universities, ABUAD Non-Academic Staff are not left out of Babalola’s New Year largesse.

     In his words: “In addition, I have also extended the gesture to the Non-Academic Staff of this university, which was not captured by the approved Government new salary for universities academic staff”.

     He reminded his staff that the vision of building a world-class university, one anchored on discipline, innovation, relevance, and global competitiveness, is no longer an aspiration. Rather, it is a living reality where they are active players.

     His parting words: “History will remember that when the future of university education in Nigeria was at stake, a committed community of Scholars, Professionals and Administrators rose to the occasion and chose excellence over convenience”.

     At the end of the Founder’s presentation, the capacity-filled Alfa Belgore Multi-Purpose Hall burst into songs of praises to God and appreciation to Babalola for his most altruistic gesture.

     When it was time for questions and comments from them, the staff chorused in unison: “Ko s’oro (meaning we don’t have any question or comment). The Founder has spoken; we don’t have anything to add except to continue to thank and appreciate him for his large-heartedness”.

     Responding on behalf of their colleagues, the Director of Drug Research, Prof. Olaposi Omotuyi, and the Director of Part-Time Studies, Dr. Ife Ajepe, thanked the Founder for always being mindful of the wellbeing and welfare of his staff, who he often refers to as his partners.

     Both Omotuyi and Ajepe acknowledged Babalola’s gesture as a call to more duty and a catalyst that will encourage all to do more in their collective resolve to ensure that ABUAD remains the clear leader in the comity of universities nationally and globally.

     •Olofintila is ABUAD’s Director, Corporate Affairs

  • NMA hails Afe Babalola over investments

    NMA hails Afe Babalola over investments

    Nigerian Medical Association (NMA) has lauded the Founder and Chancellor of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, for what it described as his outstanding contributions to health care delivery and medical education in the country.

    The first NMA Vice-President, Dr. Benjamin Olowojebutu, gave the commendation when he led an eight-member delegation to ABUAD on a courtesy visit.

    Olowojebutu said he was overwhelmed by the scale of investments at the 400-bed ABUAD Multi-System Hospital, the Industrial Park, the Independent Power Plant and the ABUAD Enterprise Farms, describing the facilities as uncommon achievements by an individual.

    He noted that the Multi-System Hospital, widely regarded by experts as one of the most well-equipped in Sub-Saharan Africa, had continued to raise the bar in the provision of modern medical services.

    According to him, the presence of two functional MRI machines, a dialysis centre with affordable charges and an in-house oxygen plant demonstrated the university’s commitment to excellence.

    The NMA chief said he was particularly moved by the fact that Babalola, who had never held a political office, chose to situate the massive development in Ado-Ekiti, rather than in bigger cities, stressing that the decision had placed the state prominently on the global map.

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    “We are proud of what we have seen here today. What Aare Babalola has done is for humanity, and it deserves to be promoted and supported at all levels,” he said.

    Responding, Babalola thanked the NMA leadership for the visit and reflected on the decline in national standards, compared to the early post-independence era.

    He said the success of ABUAD was inspired by his desire to institutionalise quality, functional education despite having stopped formal schooling at Standard VI.

    He added that the university’s vision had been validated by its ranking among the world’s top 100 universities in the 2025 Times Higher Education Impact Rankings, where it also maintained its position as Nigeria’s best university for four consecutive years.

    The elder statesman urged wealthy Nigerians to invest in education and health, saying even small acts of kindness could change lives.

  • NMA hails Afe Babalola for investments in healthcare, medical education

    NMA hails Afe Babalola for investments in healthcare, medical education

    The Nigerian Medical Association has lauded the Founder and Chancellor of Afe Babalola University, Ado-Ekiti, Aare Afe Babalola, for what it described as his outstanding contributions to healthcare delivery and medical education in the country.

    The first NMA Vice President, Dr. Benjamin Olowojebutu, gave the commendation on Monday when he led a high-member delegation to ABUAD on a courtesy visit.

    Olowojebutu said he was overwhelmed by the scale of investments in the 400-bed ABUAD Multi-System Hospital, the Industrial Park, the Independent Power Plant, and the ABUAD Enterprise Farms, describing the facilities as uncommon achievements by a private individual.

    He noted that the Multi-System Hospital, widely regarded by experts as one of the most well-equipped in Sub-Saharan Africa, had continued to raise the bar in the provision of modern medical services.

    According to him, the presence of two functional MRI machines, a dialysis centre with affordable charges, and an in-house oxygen plant demonstrated the university’s commitment to excellence.

    The NMA chief said he was particularly moved by the fact that Babalola, who has never held a political office, chose to situate the massive development in Ekiti rather than in bigger cities, stressing that the decision had placed the state prominently on the global map.

    “We are proud of what we have seen here today. What Aare Babalola has done is for humanity, and it deserves to be promoted and supported at all levels,” he said.

    Responding, Babalola thanked the NMA leadership for the visit and reflected on the decline in national standards compared to the early post-independence era.

    He said the success of ABUAD was inspired by his desire to institutionalise quality, functional education despite having stopped formal schooling at Standard VI.

    He added that the university’s vision had been validated by its ranking among the world’s top 100 universities in the 2025 Times Higher Education Impact Rankings, where it also maintained its position as Nigeria’s best university for four consecutive years.

    The elder statesman urged wealthy Nigerians to invest meaningfully in education and health, saying even small acts of kindness could change lives.

  • Afe Babalola: A season of awards and rewards

    Afe Babalola: A season of awards and rewards

    The Ewi of Ado-Ekiti, on October 18, 2025, led all the sons and daughters of Ado-Ekiti, to celebrate another day set aside to honour a legal colossus, elder statesman and founder of the Afe Babalola University Ado-Ekiti, ABUAD, Aare Afe Babalola, SAN, for what was described as his commitment to public service with regard to Law, Education, Health, Community Development, Agriculture and display of generosity to all. TUNDE OLOFINTILA writes on why Babalola’s good naturedness and generosity of spirit is incomparable and unparalleled while his love and contributions to humanity are immeasurable and indescribable.    

    The elder statesman and founder of the famous Afe Babalola University Ado-Ekiti, ABUAD, Aare Afe Babalola, SAN, is a man, who means different things to different people – be it in Law, Education, Agriculture, Arbitration, Entrepreneurship, philanthropy, hard work, determination, writing and publication of law books as well as turning hopeless impossibilities into enviable possibilities among many of his other pastimes.

    His primary constituency is humanity. His manifesto is service to mankind. He is not political but nationalistic. He is not of royal blood, but noble in deeds and character. He is not arrogant, but dignifiedly proud of his nation and profession. He is not violent, but fearsome because of his towering, intimidating and impeccable professional profile which he has painstakingly built for over six decades.

    It is, therefore, not surprising that his ovation reverberates from Ewi’s palace in his root in Ado-Ekiti to the Alaafin’s palace in the ancient city of Oyo, where he was awarded the frontline chieftaincy title of Aare Baamofin of Yoruba Empire.  His personality equally rings bells in Aso Rock, where his name echoes as Officer of the Federal Republic (OFR), Commander of the Order of the Niger (CON) and “Mr. Legal Fix It”.

    From local beginnings to prestigious global stage

    On the international scene, the name Afe Babalola resonates far away in England on the Roll of Honour of the European Business Assembly in Oxford as the 2007 Winner of the prestigious Queen Victoria’s Commemorative Award and in King’s College, London, where he is a Fellow and where in partnership with the college, he established Afe Babalola African Centre for Transnational Education and donated £10 million in 2023 to lift indigent African students from the pangs of ignorance, lack, want and poverty through quality education.

    Through this partnership, Babalola is replicating what the University of London did in the past through its External Degree Programme which enabled the underprivileged in the Commonwealth to study at home.

    It was this External Degree Programme that enabled this former Pro Chancellor & Chairman of Council of the University of Lagos to obtain a Bachelor’s Degree in Economics in 1959, LL. B (Hons.) in 1963 from the University of London and a Honourary LL. D of the same university in March 2015, his bucolic beginnings notwithstanding.

    According to him, his financial contribution to this programme is a way of reciprocating what he benefitted from the laudable and unique External Degree Programme of the University of London in the 60’s without which he certainly would have ended up an unsung farmer or at best the Secretary of the Local Motor Union (courtesy of Bishop Mathew Kukkah).

    A season of awards for Babalola

    The undeniable and enviable happenings in the life of this enigma whose formal education ended in Standard VI at Emmanuel Primary School, Ado-Ekiti, but rose from zero to hero, reminds one of the ever-green words of the Preacher in the Book of Ecclesiastes 3, to wit: “There is a time for everything, and a season for every activity under heaven”.

    Deriving from that scripture, one could say with an air of finality and credibility that this is a season of awards for Babalola, the Founder of ABUAD, recently ranked by the highly respected U.S.-based Times Higher Education Impact Rankings among the Best 100 Universities in the world, and No. 1 in Nigeria for four consecutive years: 2022, 2023, 2024 and 2025.

    Apart from the warren of awards that has been Babalola’s lot over the years in appreciation of his sundry contributions to humanity, the Ewi of Ado-Ekiti, on behalf of all the sons and daughters of Ado-Ekiti, last year set aside October 18 of every year as a day to honour this legal colossus for what was described as his “unalloyed commitment to public service with regard to Law, Education, Health, Community Development, Agriculture and display of generosity to those that might be fortunate to come across him in life”.

    A beacon of hope for many low-income earners

    At the most successful maiden edition on October 18, last year during which Ado-Ekiti was shut down in celebration and jubilation, the altruistic Babalola, whose happiest moment is when people around him are happy, established two Cooperative Societies with N200 million to provide loans for 2,000 people at a minimum of N100,000 each. He insisted that members will pay only five per cent interest to the cooperatives, compared to over 20 per cent charged by banks.

    In the last one year, the Cooperative Societies have become a beacon of hope for many low-income earners across Ekiti State with several beneficiaries now having their own small businesses, improving their farms and expanding existing trades thereby corroborating Babalola’s age-long belief that empowerment, not charity or distribution of palliatives, remains the most sustainable route to economic freedom.

    The second edition of Aare Afe Babalola Day, held at the Ewi’s Palace, Ado-Ekiti, on Saturday, October 18, 2025, built upon that foundation established the previous year. The epoch-making event attracted the crème-de-la-crème of the society made up of members of the Bar and Bench, Royalty, the Clergy, Captains of Industry, members of the Diplomatic Corps and Academia as well Community Leaders to celebrate the man widely acclaimed as one of the founding fathers of Ekiti State.

    At the event, Babalola frowned at the rising bank interest rates in Nigeria, describing it as one of the obstacles to economic independence, national development and citizen empowerment. He lamented that the prevailing 20 per cent interest rate charged by commercial banks has inhibited access to credit facilities for small business owners and farmers, thereby fanning the embers of spiral unemployment and grinding poverty.

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    Babalola, the giver, also announced an additional N100 million donation to the Cooperative Societies, raising their total capital base to N300 million.  The extra funds, he explained, would expand the reach of the scheme, allowing more beneficiaries to access affordable loans and grow sustainable businesses.

    He urged members to adhere strictly to the co-operative’s repayment structure and guidelines, stressing that with discipline and accountability, the success and continuity of the scheme are guaranteed.

    A compassion for tradition, community service

    Babalola also donated another N100 million towards completion of the Ewi’s Palace Pavilion, a gesture which apart from underscoring his enduring dedication to community development also drew applause and spontaneous dancing from the audience.

    A man of uncommon humility, he demonstrates philanthropy beyond borders, engraving his footprints with multi-billion Naira worth projects across the landscape of Nigeria and beyond.

    Happily, Babalola’s efforts at making society better than he met more than nine decades ago are not in vain. Society, locally and internationally, has not failed to acknowledge his unusual and immense contributions to make the world a better place to live in.

    Deluge of titles, awards

    With over 50 titles and awards across the globe, including Honourary Doctor of Laws and Doctor of Letters from 10 universities, including University of London, University of Lagos, University of Ibadan and the elite Nigerian Defence Academy, NDA, 12 Fellowships from institutions of Higher Education and professional bodies as well as many traditional titles, humanity has unequivocally and loudly demonstrated that Babalola, a man of commendable candour, who has consistently redefined patriotism and reworked nationalism, is a rare gem with all-time and all-round relevance to the world around him.

    Babalola’s good naturedness and generosity of spirit is incomparable and unparalleled while his love and contributions to humanity are immeasurable and indescribable. He remains the man who relishes in lighting other people’s candles. No wonder, his own candle keeps glowing brighter and brighter.

    While congratulating this citizen of the world of African descent, a man with insatiable appetite for hard work and excellence, one is compelled to assure this most altruistic man who is writing his name in indelible ink while others are writing theirs invisible ink that better days are ahead.

    •Olofintila, ABUAD’s Director of Corporate Affairs, writes in from Ado-Ekiti

                                                    

  • Afe Babalola: From farmboy to global icon

    Afe Babalola: From farmboy to global icon

    At 97, renowned legal giant and founder of Afe Babalola University, Ado-Ekiti, Ekiti State (ABUAD), Aare Afe Babalola, SAN, stands tall as one of Nigeria’s most iconic figures. His story, woven from the rough fabrics of poverty and stitched together by courage and determination, remains one of the most inspiring chronicles of personal triumph. From a mud house in Ado-Ekiti, the son of a farmer  has built inspiring legacies in law, education, agriculture, health and philanthropy, attaining global recognition in the process. Correspondent RASAQ IBRAHIM writes…..

    In the story of human triumph, only few names resonate with the sheer force of resilience, intellect, and vision as that of foremost legal luminary, Chief Afe Babalola SAN, a man who turned every barrier into stepping stones and every setback into platforms for greatness.

    From the mud walls of a rural homestead to the marble halls of global recognition, Babalola’s journey reads like a chronicle of possibilities and the incredible ascent of a man who refused to be confined by circumstance and limitations.

    Born in 1928 in Ado-Ekiti, the Ekiti State capital into a humble farming family, his early life was defined by scarcity rather than privilege. He grew up in a world where formal education was an unaffordable luxury. His parents could not send him to secondary school, but his insatiable thirst for knowledge refused to die and he held fast to the dream of learning his way out of poverty.

    Driven by his ‘I can do it’ spirit, Babalola defied all odds and shattered the glass ceilings to educate himself. He turned his small room in Odo Ado Area of Ado-Ekiti into a classroom, studying privately through correspondence under lantern-powered illumination while working on the farm by day, chasing a dream that seemed almost unattainable.

    Without a teacher, Babalola sat for and passed the Cambridge School Certificate Examination, the GCE Ordinary Level and Advanced Level examinations through correspondence. He later obtained his Bachelor’s Degree in Economics in 1959 and LL.B (Hons.) in 1963, both through private study, before being called to the Bar of England and Wales in July of that same year.

    For a man who began life on his father’s farm, that moment marked the crossing of a mighty threshold, from obscurity into limelight. Years later, his exceptional brilliance, intellectual and professional impacts earned him elevation to Nigerian Inner Bar as a Senior Advocate of Nigeria (SAN) in 1987.

    In 2015, his alma mater, the University of London, conferred on him an honorary Doctor of Laws (LL.D), making him the first African to be so honoured in the university’s 179-year history, a rare distinction that crowned his unalloyed commitment and devotion to excellence.

    Returning home after his studies, he joined Olu Ayoola & Co. in Ibadan, Oyo State, where he worked with the Ayoola brothers. In 1965, he left Olu Ayoola & Co to established the Emmanuel Chamber at Ekotedo, Ibadan. From its humble beginnings, the firm grew into one of the most formidable law practices in Nigeria. Over the decades, Emmanuel Chambers has handled landmark cases for individuals, multinational companies, royal families, corporations, the Federal Government and top ranking politicians across the country.

    Beyond its immeasurable victories at the temple of justice, the chamber has made history as Nigeria’s most prolific legal training ground, having produced the highest number of Senior Advocates of Nigeria from a single law firm. Over the decades, the chamber has produced a generation of outstanding lawyers, judges and SANs who trace their professional roots to the mentorship of their principal. Two of his protégés even rose to become Attorneys-General and Ministers of Justice of the Federation, an uncommon testament to the enduring legacy of mentorship that audaciously defines his legal philosophy.

    From the first day he stepped into legal profession, his reputation for honesty, thoroughness, and intellectual depth has set him apart. To those who worked with him, Babalola was more than a boss; he was a teacher and reformer. To the larger legal community, he became a colossus whose name commands reverence in Nigeria’s legal landscape and beyond.

    For more than seven decades, the Afe Babalola University, Ado-Ekiti, Ekiti State (ABUAD) founder stood as a moral compass to the bar. His courtroom brilliance, ethical discipline, scholarship and mastery of advocacy earned him the reputation of a legend and institution in the temple of justice.

    Babalola’s influence transcends the four walls of courtroom. His patriotism and commitment to development have left indelible marks on Ekiti and beyond. He contributed significantly to the creation of Ekiti State;  played a pivotal role in the establishment of the Federal Polytechnic, Ado-Ekiti; constructed a building for the Faculty of Law at the Ekiti State University (EKSU) to secure accreditation for its Law programme among other philanthropic interventions.

    Despite his closeness to power, Babalola consistently shunned political office. He turned down offers twice from former military Head of States – the late General Sani Abacha, and later from ex-President Olusegun Obasanjo to serve as minister. Instead, he chose a different form of service. He accepted to serve as Pro-Chancellor and Chairman of the University of Lagos (UNILAG) Governing Council, a role he undertook for eight years without collecting remuneration.

    His tenure at UNILAG soon became a national benchmark for accountability, transparency, and visionary leadership. Under his watch, the university regained stability, restored discipline, as well as reclaimed its pride of place among foremost universities in the country.

    Babalola’s experience at UNILAG opened his eyes to the deep-seated decay in the country’s education system, including the declining standard, poor infrastructure among others. It was a revelation that altered his life’s direction. After conquering law, Babalola turned his gaze to another frontier aimed at fixing Nigeria’s faltering education system.

    Armed with the same audacity that once carried him from a mud house to global recognition, he decided to build a model university that would reposition Nigeria’s university education. Out of that vision was born ABUAD, an institution of repute that has since become the standard for academic and scholastic excellence in Africa’s educational landscape.

    Established in 2009 entirely through his personal vision and resources, ABUAD rose from a barren expanse of land into a world-class university that now ranks among the best ivory towers in Africa and counted among the top 100 in the world.

    The university, equipped with modern facilities, world-class teaching hospital, extensive farmlands and an industrial park, has emerged as a benchmark for what Nigerian universities can achieve through vision, strategic planning and commitment.

    In recognition of his towering catalogue of achievements and lifelong service to humanity, law, education and community development, the Ewi of Ado-Ekiti, Oba Rufus Adeyemo Adejugbe Aladesanmi III, declared October 18 of every year as “Aare Afe Babalola Day.”

    The monarch described the honour as a collective expression of gratitude from the people of Ado-Ekiti to one of their most distinguished sons, a man whose accomplishments, vision, philanthropy and discipline have not only placed the ancient town on the global map but also redefined its socio-economic landscape.

    According to Oba Adejugbe, the day was set aside to celebrate a legacy built on the tripod of selflessness, integrity and transformative leadership, virtues that continue to inspire generations across Nigeria and beyond.

    The maiden edition of the celebration, held on October 18, 2024, was a historic event in the state capital. Dignitaries from across Nigeria including traditional rulers, academics, legal icons, business leaders and political figures converged on Ado-Ekiti to honour the nonagenarian who has become a symbol of excellence and resilience.

    Keeping with his character and spartan discipline lifestyle, Babalola marked the day not with pomp or extravagance, but with an act of empowerment. The legal icon announced a N200 million donation to establish two co-operative societies – one for men and another for women; to enable them access soft loans at just 5% interest rate to start or expand small-scale businesses.

    He stated that the initiative was aimed at reducing poverty and unemployment among his people, by providing access to affordable credit facilities for ordinary Nigerians. The co-operatives, he said, were designed to empower artisans, farmers, traders and market women who had been excluded from mainstream  banking due to high lending rates and stringent conditions.

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    Over the past year, the cooperative societies have become a beacon of hope for many low-income earners across Ekiti State. Dozens of beneficiaries have started small businesses, improved their farms and expanded existing trades, validating Babalola’s long-held belief that empowerment, not charity, remains the most sustainable route to  economic freedom.

    The second edition of Aare Afe Babalola Day, held at the Ewi’s Palace, Ado-Ekiti, last weekend, built upon that foundation. The epoch-making event attracted top government officials, lawyers, captains of industries and community leaders to celebrate the man widely regarded as the “architect of modern Ado-Ekiti.”

    At the event, Babalola decried the rising bank interest rates in Nigeria, describing it as one of the obstacles to economic independence, national development and citizen empowerment. He lamented that the prevailing 20 percent interest rate charged by commercial banks has made access to credit impossible for small business owners and farmers, worsening unemployment and poverty.

    The legal luminary said the co-operative societies he established had become fully operational, supporting more than 2,000 people across the state. He noted that the initiative had inspired renewed hope among local entrepreneurs, helping many to break free from the constraints of the formal banking sector.

    Babalola announced an additional N100million donation to the cooperative societies, raising their total capital base to N300 million.  The extra funds, he explained, would expand the reach of the scheme, allowing more beneficiaries to access affordable loans and grow sustainable businesses.

    He urged members to adhere strictly to the co-operative’s repayment structure and guidelines, noting that discipline and accountability were key to the success and continuity of the  programme.

    Babalola also donated another N100million towards completion of the Ewi’s Palace Pavilion, a gesture that drew applause from the audience and underscored his enduring dedication to community development.

    In his remarks, Ekiti State Governor, Mr Biodun Oyebanji, described Babalola as a living legend whose selflessness and vision have redefined philanthropy and leadership in Nigeria.

    The governor, represented by his Deputy, Chief Monisade Afuye, said Babalola’s numerous contributions to education, law, health, agriculture and community development had immortalised his name and created legacies that would outlive him.

    “The name Afe Babalola is special to us in Ekiti State and particularly to Governor Oyebanji in so many ways,” she said. “His fatherly and advisory roles have been instrumental to the smooth running of this administration,” he added.

  • Afe Babalola decries high bank interest rate

    Afe Babalola decries high bank interest rate

    Founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola (SAN), has expressed concerns over the rising bank interest rates in Nigeria, describing the development as one of the major obstacles to economic growth and the empowerment of ordinary citizens.

    Speaking at the weekend during the 2nd edition of the annual Aare Afe Babalola Day at the Ewi’s Palace, Ado-Ekiti, Babalola lamented that the harsh lending conditions imposed by banks have made it nearly impossible for small business owners and farmers to access credit facilities.

    He said that the prevailing 20% interest rate has crippled the capacity of ordinary Nigerians to start or expand businesses, thereby worsening the two hydra-headed monster of unemployment and poverty levels in the country.

    Babalola explained that  the present economic situation has worsened with multinational companies relocating out of the country and the living conditions of Nigerians deteriorating.

    “The way things are today with many of the multi-national companies relocating out of the country, no reasonable investor wants to come and invest in Nigeria,” he lamented.

    He recalled that there was once a time in Nigeria when everyone, regardless of their profession, maintained a small garden for farming and had enough food to eat and share. 

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    Babalola contrasted that era of plenty with the present, which he described as a period of hardship, saying the country now suffers from poor infrastructure, erratic power supply, and widespread insecurity. 

    In response to the economic challenges, the Legal icon said he established two cooperative societies with a combined capital base of N200 million to provide soft loans for at least 2,000 people at a minimal interest rate of five percent.

    Babalola explained that the initiative was conceived as a direct  intervention to support artisans, traders, farmers, and other low-income earners who have been locked out of the formal financial system due to stringent banking policies.

    He added that the cooperative societies are already operating  effectively and have begun making significant impacts in lifting the people out of poverty  and idleness.

    He, however, appealed to more Ekiti indigenes to join the cooperative groups, stressing that collective participation and prompt repayment of loans would ensure the sustainability of the scheme and the eventual eradication of poverty.

    “If members follow the workings of the cooperative societies by repaying their loans on time, sooner than later, poverty and unemployment would be a thing of the past,” Babalola said. 

    At the event, Babalola made a donation of N100 million toward the completion and beautification of the palace pavilion, besides the N100 million donated to the two cooperative societies. 

    Ekiti Governor Biodun Oyebanji said that Babalola has immortalised himself by building human resources across Nigeria that will outlive him.

    Oyebanji said that the legal luminary has made tremendous impacts in the lives of many Nigerians through philanthropy, his legal profession and establishment of ABUAD, where thousands of citizens are deriving their livelihoods and enhancing their careers.

    The Governor, represented by his Deputy, Chief (Mrs) Monisade Afuye, said that the government of Ekiti State is proud of the achievements and life trajectory of the elder statesman, who emerged  from a humble background and turned out to be a shining light across Nigeria and globally through his industry, innovation, character, honesty and philanthropy.

  • Nigeria’s rising debt profile scaring away foreign investors – Afe Babalola

    Nigeria’s rising debt profile scaring away foreign investors – Afe Babalola

    Founder of Afe Babalola University, Ado-Ekiti, (ABUAD) Chief Afe Babalola, SAN has expressed concern over Nigeria’s increasing debt burden, warning that it could discourage foreign investment and threaten financial stability.

    Babalola spoke in Ado-Ekiti during the 2025 International Leadership Conference on Leadership, Governance, Sustainable Change and Wealth Creation (2.0), jointly organised by Afe Babalola University, Trinity Western University (TWU), Vancouver, Canada, and the African Centre for Leadership, Strategy and Development (CentreLSD).

    Speaking on the conference theme, “Shaping Transformational Leaders for a Changing World: Tackling Insecurity, Governance and Development,” the legal icon described the topic as timely, given the nation’s current economic challenges.

    He lamented that Nigeria’s worsening debt profile had become a major disincentive to foreign investors and was exerting pressure on the local financial system.

    “The theme of this conference is most appropriate at this time. Records show that Nigeria is now a big debtor nation. As of today, our total public debt stands at N152.4 trillion or $99.7 billion”, the legal icon said.

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    Babalola lamented that the debt crisis is already affecting the domestic financial system, disclosing that several banks have raised complaints that the Central Bank of Nigeria (CBN) is failing to honour promissory notes issued by government.

    Babalola called for urgent fiscal reforms, prudent economic management, and strategic debt policies to restore investor trust, stimulate growth as well as ensure sustainable development.

    Citing Section 14 of 1999 Constitution (as amended), the legal icon reminded leaders that the primary responsibility of government is to guarantee the security and welfare of the people, which he said should guide every economic and political decision.

    “The Federal Republic of Nigeria shall be a state based on the principles of democracy and social justice. It is declared that sovereignty belongs to the people of Nigeria, from whom government derives all its powers and authority”, he added.

    In his lecture titled “Transformational Leadership in an Insecure and Disruptive Era: Building Ethical, Resilient and Impactful Leaders for Africa,” the founding Executive Director of CentreLSD, Dr. Otive Igbuzor, said Africa’s progress depends on transformational leadership that rewards merit, integrity, and innovation.

    Igbuzor identified inclusive governance, ethical leadership, Innovative Education, Institutional Integrity and Continental Collaboration as imperatives for national rebirth, urging the Federal Government to institutionalise leadership training in schools to groom future leaders.

    In her remarks, the Vice Chancellor of Afe Babalola University, Prof. Smaranda Olarinde, described the conference as timely, noting that global and regional partnerships are essential to address challenges such as insecurity, hunger, poverty, infrastructural decay, and economic uncertainty.

  • Afe Babalola splashes N44.5million on outstanding farmers in Ekiti

    Afe Babalola splashes N44.5million on outstanding farmers in Ekiti

    Founder of Afe Babalola University, Ado-Ekiti, (ABUAD), Chief Afe Babalola, SAN, has doled out N44.5million to 81 outstanding farmers across Ekiti State under the Afe Babalola Agric Expo and Youth Empowerment Programme (ABA-EX).

    Breakdown showed in each of the 16 local governments, top five farmers received N200,000, N150,000, N100,000, N75,000 and N50,000. 

    The best farmer in the state, Chief Sunday Babalola from Ado Local Government, won the N2 million star prize.

    Speaking at the closing ceremony, Babalola said the annual initiative was designed to make farming attractive and complement government’s efforts in revamping the agricultural sector.

    The legal icon said the programme since its inception in 2015 had disbursed over N170million cash awards and start-up grants to promote food production, empower farmers and attract youths to agriculture.

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    He decried the growing dependence of Nigerians on government palliatives and handouts, warning that such culture of laziness posed a grave threat to national productivity and dignity.

    “It is lamentable that many Nigerians, especially youths, no longer want to work. Instead, they prefer to queue for bags of rice and beans distributed as palliatives.

    “The question is: are they truly entitled to eat without working? The Constitution does not empower government to feed citizens; it only mandates government to provide an enabling environment for productivity,” he said.

    He described the practice of distributing food items to able-bodied citizens as “unconstitutional, wasteful and counter-productive,” noting that it encouraged laziness, instead of fostering the spirit of self-reliance.

    Babalola said his intervention in the agriculture sector over the years had been motivated by his desire to restore the country’s economic self-sufficiency through food production, create jobs and empower communities.

    He hailed the Federal Government for adopting some of his long-standing proposals on agricultural mechanisation, saying mechanised tools should be distributed to local governments, not state governments, to ensure they reached real farmers at the grassroots.

    He reaffirmed his belief that Nigeria’s surest path to prosperity and economic breakthrough lied in agriculture, not oil, politics, or foreign aid.

    “If properly managed, agriculture can sustain this nation, create employment, reduce crime and restore dignity to our people. Nigeria’s future is on the farm, not in the streets,” he said.

    The Chairman of the Local Organising Committee, Prof. Abiodun Ojo, described ABA-EX 10th anniversary as “a decade of impact, innovation and hope.”

    He recalled that the flagship agricultural project began modestly in 2015 with N7 million in rewards, but had since grown to N44.5 million in 2025.

    Appreciating the ABUAD founder for his commitment to agriculture, Ojo lamented the growing neglect of farming among Nigerians despite rising food insecurity and population pressure.

    He said Babalola’s investment in agriculture was an example of how individual initiative could inspire national transformation.

    ABUAD Vice Chancellor, Prof. Smaranda Olarinde, lauded Babalola’s consistency in driving self-reliance through agriculture and education, describing him as “a man whose philanthropy continues to shape Nigeria’s development narrative.”

    Governor Biodun Oyebanji praised the legal icon for using his resources to complement government’s agricultural and job creation initiatives.

    Represented by the Commissioner for Agriculture, Mr. Ebenezer Boluwade, the governor described Babalola’s strategic interventions as vital to the state’s agricultural growth.

  • Afe Babalola splashes N44.5m on best farmers in Ekiti

    Afe Babalola splashes N44.5m on best farmers in Ekiti

    Founder of Afe Babalola University, Ado-Ekiti (ABUAD), Chief Afe Babalola, SAN, has disbursed N44.5 million to 81 outstanding farmers across Ekiti State under the Afe Babalola Agric Expo and Youth Empowerment Programme (ABA-EX).

    According to the breakdown, in each of the 16 local government areas, the top five farmers received N200,000, N150,000, N100,000, N75,000, and N50,000, respectively, while the overall best farmer in the state, Chief Sunday Boboye Babalola from Ado Local Government, took home the N2 million star prize.

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    Speaking at the closing ceremony of the 2025 ABA-EX edition in Ado-Ekiti, the state capital, Chief Babalola said the annual initiative aims to make farming more attractive and support government efforts to rejuvenate the agricultural sector.

    He noted that since its inception in 2015, the programme has disbursed over N170 million in cash awards and start-up grants to boost food production, empower farmers, and encourage youth participation in agriculture.

    The legal luminary lamented Nigerians’ increasing reliance on government palliatives and handouts, warning that such dependence fosters laziness and threatens national productivity and dignity.

    “It is lamentable that many Nigerians, especially the youth, no longer want to work. Instead, they prefer to queue for bags of rice and beans distributed as palliatives.

    “The question is: are they truly entitled to eat without working? The Constitution does not empower the government to feed citizens; it only mandates the government to provide an enabling environment for productivity,” he said.

    He described the practice of distributing food items to able-bodied citizens as “unconstitutional, wasteful, and counter-productive,” arguing that it encourages laziness instead of fostering the spirit of self-reliance.

    Babalola noted that his intervention in the agriculture sector over the years had been motivated by his desire to restore the country’s economic self-sufficiency through food production, create jobs, and empower communities.

    He commended the Federal Government for adopting some of his long-standing proposals on agricultural mechanisation, appealing that these mechanized tools should be distributed directly to local governments, not state governments, to ensure they reach real farmers at the grassroots.

    He reaffirmed his belief that Nigeria’s surest path to prosperity and economic breakthrough lies in agriculture, not oil, politics, or foreign aid.

    “If properly managed, agriculture can sustain this nation, create employment, reduce crime, and restore dignity to our people. Nigeria’s future is on the farm, not in the streets,” he said.

    The Chairman of the Local Organising Committee, Prof. Abiodun Ojo, described ABA-EX’s 10th anniversary as “a decade of impact, innovation, and hope.”

    He recalled that the flagship agricultural project began modestly in 2015 with N7 million in rewards but had since grown exponentially to N44.5 million in 2025.

    While appreciating ABUAD Founder for his unalloyed commitment to agriculture, Ojo lamented the growing neglect of farming among Nigerians despite rising food insecurity and population pressure.

    He noted that Babalola’s investment in agriculture was a clear example of how individual initiative could inspire national transformation.

    ABUAD Vice Chancellor, Prof. Smaranda Olarinde, hailed Babalola’s consistency in driving self-reliance through agriculture and education, describing him as “a man whose philanthropy continues to shape Nigeria’s development narrative.”

    In his remarks, Ekiti State Governor, Mr Biodun Oyebanji, praised the legal icon for using his resources to complement the government’s agricultural and job creation initiatives.

    Represented by the Commissioner for Agriculture, Mr. Ebenezer Boluwade, the governor described Babalola’s strategic interventions as vital to the state’s agricultural growth.

    “We are proud of Aare Afe Babalola for his vision and patriotism. The state government will continue to provide land, inputs, and incentives to farmers as part of our commitment to agricultural transformation,” the governor said.

  • Afe Babalola a national treasure, says Olawuyi

    A Senior Advocate of Nigeria (SAN) and global vice chair of the International Law Association, Prof. Damilola Sunday Olawuyi, has commended the founder and Chancellor of Afe Babalola University, Ado Ekiti (ABUAD), Aare Afe Babalola (SAN) and the entire academic and non-academic staff of the institution on its recent global recognition. In the latest Times Higher Education Impact Rankings (2025).

     ABUAD achieved a historic milestone by emerging as the 84th best university in the world, third in Africa and maintaining its position as 1st in Nigeria for the fourth consecutive year—2022 through 2025.

    Olawuyi, a frontline professor of international law, who is also deputy vice chancellor (research, innovation and strategic partnerships) at ABUAD made these remarks while speaking in Morocco at the sidelines of the Arab-Africa Forum on Business and Human Rights, held in Marakech.

    While discussing the role of higher education in promoting innovation and sustainable development in Africa, Olawuyi noted that universities have strong roles to play in promoting an innovative economy that advances regional trade and investment in a manner that respects human rights.

     According to him, Africa needs globally-minded universities that unlock entreprenuerial innovation through courses, research, executive education and enterprise development that provide practical solutions to the challenges facing the continent.

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     Noting that unfortunately only few universities in the continent are so minded, Olawuyi commended Aare Afe Babalola as a bold reformist, an icon and continental treasure that has shown us what is possible.

     According to him, “Nigeria’s Afe Babalola has shown us what is possible in this regard.

    Having on his own decided to leave his lucrative law practice, Babalola went back to his hometown in Ado Ekiti to invest his time and energy on developing a modern, word class university that can compete globally.

    Today, his university is ranked as the 84th best university in the world. We need at least one Afe Babalola in each of the 54 countries in Africa.

    “Having 54 Afe Babalolas in the continent will change the world. The reality however is that there is only one Afe Babalola and he is proudly in Nigeria.

    “He is indeed a national treasure that deserves every commendation and honour,”he said.

    While reiterating the need for the African governments, investors and the global community to collaborate with and support forward-thinking institutions like ABUAD, Olawuyi noted that with more support, ABUAD will indeed take education to higher and unimaginable heights, and will in no time produce noble lauraetes that will unlock technlogical and economic prosperity for our nation and continent.

    He also called for cross learning amongst African universities, calling on universities in Morocco and across the continent to learn from ABUAD’s success story.