National Economy
Sunday, August 17, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Companies & Markets

Sahara Group Boosts Sustainable Research In UNILAG

by Chika Izuora
7 months ago
in Companies & Markets
Reading Time: 2 mins read
Research
Share on FacebookShare on TwitterShare on Telegram

You May Like

CAP, Nigerian Red Cross Society Support Mokwa Flood Victims

NASD Elects Bolo As Chairman

Energy and infrastructure conglomerate, Sahara Group, has announced the first recipients of the ‘Sahara Making A Difference (M.A.D) Grant’ which was instituted at the University of Lagos (UNILAG) to support research geared towards driving innovation and sustainable energy solutions.
Unveiling the recipients of the Sahara M.A.D Grant was one of the highpoints of the 55th Convocation Ceremony of the University of Lagos, reinforcing the commitment of Sahara to investing in sustainable development through strategic town-gown relations.
Sahara Group also awarded cash prizes to exceptional students in Economics, Architecture, Mechanical Engineering, Civil Engineering, Finance, Business Management, Library and Information Science, Insurance, and Artificial Intelligence/Tech Innovation.
Recipients of the Sahara M.A.D Grant include: Dr. Gbeminiyi Sobamowo, Dr. Ayodele Ibrahim Shittu, and Dr. Peter Amah. Their work spans energy systems modelling, entrepreneurship and innovation economics, and financial investment literacy—critical areas for advancing Africa’s energy and economic landscape.
The grant includes a total of $36,000 annually ($12,000 per beneficiary), with well-established protocol for outcome-based management by UNILAG.
“The Sahara M.A.D grant celebrates the power of exploring ideas through research, and its potential to transform industries, create sustainable solutions, and drive Africa’s energy future.
“We are delighted to partner with the University of Lagos to inspire and support groundbreaking research capable of transforming access to reliable energy,” said Bethel Obioma, Head, Corporate Communications at Sahara Group.
“We believe that collaboration between industry and academia is essential to creating a hub for innovative solutions and supporting the brilliant minds who will shape the energy landscape of tomorrow,” he added.
Globally, investments in sustainable energy research and innovation are increasing, with the International Energy Agency (IEA) reporting a 10 per cent rise in clean energy R&D funding in 2023 alone. However, Africa accounts for less than 1 per cent of global research output, which points to the urgent need to expand funding and opportunities for groundbreaking discoveries on the continent.
Commending Sahara Group for instituting the M.A.D Grant, Vice Chancellor, University of Lagos, Prof Folasade Ogunsola, FAS said, the collaboration with Sahara would set the foundation for enhancing research and scholarship.
“This grant will not only advance critical research but also provide invaluable opportunities for lecturers and students to engage with everyday challenges, with prospects for solutions that will impact energy access, while securing environmental sustainability,” she said.
Dr. Sobamowo, an Associate Professor of the Department of Mechanical Engineering is working in the field Energy Systems Modelling, Simulations and Design. His Hezer Research Group comprising of lecturers and students have developed various innovative energy solutions, many of which have already received uptake.
Dr. Shittu, a Senior Lecturer working in the field of Development Economics with a focus on the Economics of Entrepreneurship and Innovation. Dr. Amah, a Senior Lecturer in the Department of Finance is the mentor to one of UNILAG’s flagship student-led initiatives, The Investment Society (TIS).

To date, over 80 members of TIS have gone on to internship placement and employment at the Bank of America/Merill Lynch and Goldman Sachs.

Tags: Research
ShareTweetShare
Previous Post

Banks Scramble To Settle USSD Debt As Deadline Nears

Next Post

Mutual Benefits Seals Strategic Investment, Assures Of Recapitalisation

ANOTHER GOOD READ

CAP, Nigerian Red Cross Society Support Mokwa Flood Victims
Companies & Markets

CAP, Nigerian Red Cross Society Support Mokwa Flood Victims

6 days ago
NASD Elects Bolo As Chairman
Companies & Markets

NASD Elects Bolo As Chairman

2 weeks ago
Nigerian Breweries Records N738.14bn Revenue
Companies & Markets

Nigerian Breweries Records N738.14bn Revenue

2 weeks ago
Aradel Holdings Reports Net Profit Of N146.4bn In H1
Companies & Markets

Aradel Holdings Reports Net Profit Of N146.4bn In H1

2 weeks ago
Polaris Bank Empowers Over 3,000 Youths in Ajegunle Community
Companies & Markets

Polaris Bank Empowers Over 3,000 Youths in Ajegunle Community

3 weeks ago
Wema Bank Wins Best Digital Bank In Nigeria Award
Companies & Markets

Wema Bank Wins Best Digital Bank In Nigeria Award

3 weeks ago
Next Post
Mutual Benefits Seals Strategic Investment, Assures Of Recapitalisation

Mutual Benefits Seals Strategic Investment, Assures Of Recapitalisation

Most Recent

Federal Gov’t Achieves Oil Revenue Target, Attributes Feat To Military, PINL

August 16, 2025
Federal Gov’t Achieves Oil Revenue Target, Attributes Feat To Military, PINL

Federal Gov’t Achieves Oil Revenue Target, Attributes Feat To Military, PINL

August 15, 2025
Tourism: Gov Eno Orders Demolition Of Illegal Structures For New Projects

Tourism: Gov Eno Orders Demolition Of Illegal Structures For New Projects

August 15, 2025
Bauchi Gov Appoints Chinese National As Economic Adviser

Bauchi Gov Appoints Chinese National As Economic Adviser

August 15, 2025
146 Nigerian Women To Share $50m WTO Digital Trade Grants

146 Nigerian Women To Share $50m WTO Digital Trade Grants

August 15, 2025
Falcons’ Bonuses Fully Paid, $100k Presidential Rewards, Apartments In Progress

Falcons’ Bonuses Fully Paid, $100k Presidential Rewards, Apartments In Progress

August 15, 2025
JUST-IN: Nigeria’s Inflation Eases Further To 21.88%

JUST-IN: Nigeria’s Inflation Eases Further To 21.88%

August 15, 2025
Investments In Circular Economy Will Increase Forex Earnings – NESREA

Investment In Circular Economy Key To Increase Forex Earnings, Says NESREA DG

August 15, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy