{
  "id": 19643355,
  "title": "Moniepoint, Tosin Eniolorunda Foundation reward OAU Final-Year students with millions for innovative and practical projects",
  "url": "https://urgent.news/2026/11/12/moniepoint-tosin-eniolorunda-foundation-reward-oau-final-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T11:03:15.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/12/moniepoint-tosin-eniolorunda-foundation-reward-oau-final-year-students-with-millions-for-innovative-and-practical-projects/"
  },
  "original_language": "en",
  "account": "Moniepoint and the Tosin Eniolorunda Foundation presented ₦1 million in prizes to three final-year Mechanical Engineering teams from Obafemi Awolowo University (OAU) for their impressive innovative projects addressing real-world challenges. The evaluation took place after the Department of Mechanical Engineering's final-year project exhibition, where 12 student teams showcased their solutions. An esteemed panel of judges, led by Chidinma Enemanna from Moniepoint Inc, assessed the projects based on their originality, engineering design, innovation, practicality, and potential impact on national development. First place was awarded ₦500,000, with the first runner-up receiving ₦300,000 and the second runner-up receiving ₦200,000. The winning team developed EcoRide, a 12V DC solar-powered mobile refrigerator designed to transport perishable goods and farm produce to rural areas lacking affordable refrigeration. The first runner-up created a biomimetic high-flux dialysis membrane mechanism aimed at providing more affordable treatment options for rural communities and disadvantaged individuals. The second runner-up built a gravity-fed water purification system, capable of treating oil-spill-contaminated water in the Niger Delta and other affected regions without the need for electricity. Edidiong Uwemakpan, Vice President of Corporate Affairs at Moniepoint Group, emphasized the importance of nurturing young talents, stating that the success of an economy relies on the quality of its young professionals. Moniepoint, in collaboration with the Tosin Eniolorunda Foundation, remains committed to investing in the people and ideas that will drive Nigeria's development forward. Prof. Adam Muritala, the Head of the Department of Mechanical Engineering, described the exhibition as a bridge between academia and industry, urging stakeholders to support student innovation during their university years. The event also featured students from 10 secondary schools, with Prof. Grace Ogunlusi, Director of OAU's Intellectual Property and Technology Transfer Office, encouraging the visiting students to research and think critically about problem-solving. The awards and exhibition continue the legacy of the Tosin Eniolorunda Foundation's earlier investment at OAU, where it renovated and equipped the Department's laboratory, now known as the Tosin Eniolorunda CAD/CAM Laboratory, in 2024, providing students with enhanced infrastructure for engineering education, research, and innovation. In 2026, the foundation and Moniepoint Group launched an N3bn innovation hub across three Nigerian universities, including OAU, UNN, and ABU, with the aim of cultivating the next generation of tech talents.",
  "summary": "Moniepoint and Tosin Eniolorunda Foundation have awarded ₦1 million in prizes to three final-year Mechanical Engineering teams at Obafemi Awolowo University (OAU) for outstanding innovative projects tackling practical challenges in agriculture, healthcare, and environmental sustainability.The awards followed the Department of Mechanical Engineering’s final-year project exhibition where 12 student…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}