Founder of OFAB, an economist and philanthropist, Mr. Olawuyi Alao has given a 10 years buffer of 1.3 million naira to indigent students of Olivet Baptist High School ,Oyo, for their West African Examination Certificate (WAEC)and National Examination Council (NECO).
The official presentation of the cheque was made by the Olawuyi Folarin Alao Beneficient foundation (OFAB) team at the school’s National Old Student’s Association, 2019 Annual General Meeting and reunion.
Mr Alao who was adopted as an Olivetian by the President Dr.Lekan Adelakun for the noble gesture, hinted that the gesture was informed by the need to immortalize his deceased wife, late Mrs. Olubukola Alao(nee Ogunbowale),who was once a student of Olivet.
According to him, he is passionate about raising generations of well-equipped individuals especially the indigent ones.
“We are here to ask the school to help us identify such students who though brilliant need support financially, for the next ten years at the Junior and Senior WAEC, across Arts, Sciences and commercial, we have done the calculation and even added the inflationary probability of the cost and that we have shouldered today.
“This project is my late wife’s passion as well as mine. I have been a product of benevolence of others too.
“Also this will help to connect our two daughters to their native land, as my late wife Olubukola Stella Alao(Nee Ogunbowale) daughter of late Doctor Olaniyi Ogunbowale hails from Oyo Alaafin.
“By the time the ten years lapses our younger child would be 16 and of age same goes for the older one they would then be able to guide me on what to do differently by that time.
“This is to honour her and to appreciate God for how he has blessed me with such a wonderful woman.God used people for me so I would also support future generations.
“I think it is important for us to identify that potential and not allow it to waste away on the altar of financial difficulties, poverty is relative, we must not allow negativity take hold of their thoughts, virtues of good moral standards is key regardless of religious affiliations,God sees this and often connects one with helpers, I am a living testimony,” he said.