ABUAD’s founder, Afe Babalola reveals the only lucrative business in Nigeria

The founder of Afe Babalola University, Ado-Ekiti has said that politics is the only lucrative business in the country.

He made the comment during the university’s 11th convocation ceremony on October 21.

According to him, “I was the Pro-Chancellor of the University of Lagos and a young man came out with first class in Chemistry. I called him and said, ‘I am going to give you a scholarship to do your MSc.

He agreed and he passed his masters. I had forgotten all about him, then he came in and said, ‘Sir, thank you for the scholarship given to me’ and I said ‘Yes, proceed to your Ph.D.’ & he said ‘No’ and I ask him why?’ He said, ‘My colleague who was in class with me in secondary school did not go to university; he is the chairman of the local government of my place.

He is riding a car; he has a house.’ I was depre§§ed. I said, ‘What do you want to do now?’ He said, ‘I want to go into politics.’ I wept inside me.