Mr. Abiloye Olutade Martins
As part of its strategic contribution to the development of Ondo State, Jacob Abiloye Foundation is awarding scholarship of N1, 000,000 to 30 students of Ondo State origin in tertiary institutions across the country. Beneficiaries of this year’s scholarship scheme were drawn from Akoko South East Local Government comprising of Ipe, Isua, Ifira, Sosan and Epinmi towns in the state.
The scholarship award ceremony scheduled to hold on Saturday, August 28, 2012 at the Palace of Olupe of Ipe Land, Oba Francis Ola Apata. The scholarship award ceremony is one of the activities lined up for commemoration of this year’s Ipe day.
Speaking on the annual scholarship award scheme, Mr. Abiloye Olutade Martins, Chairman, Mart Signature Ltd said the that the scheme was instituted on behalf Chief Jacob Abiloye, his father, a community leader and philanthropist who is committed to the welfare of Ondo people and the socio-economic development of the State.
He added that the scheme which is in its 7th year has supported the education of over 400 students and lifted manpower development as some of the beneficiaries of the scholarship scheme are now gainfully employed and contributing to the growth of the state.
On the qualifying criteria, Mr. Martins Abiloye said that students only need to demonstrate brilliance and commitment to academic excellence which will be evidenced by the quality of their academic performance while stressing the fact that it must be evident the that the student is lacking in financial support to enable them draw from the scholarship scheme.
According to Martins Abiloye, “If these criteria are not there, the essence of the scholarship scheme will be defeated because we seek to promote socio-economic balance in the society by supporting underprivileged students who have shown evidence mental resourcefulness”.
Over the past 7 years, Jacob Abiloye Foundation has spent over N15 million on its annual scholarship scheme. This year’s edition of the scheme will gulp N1, 000,000; with each of the 30 receipts collecting N30, 000.00 each. Also, donation of books in the sum of N100, 000.00 will be made to neighbouring pre-secondary level institutions to encourage the culture of reading.