In a remarkable achievement, Maayofoluwa Owodunni, a third-year Economics student at Trinity University, clinched the second-place position in the inaugural Lagos Commodities and Futures Exchange (LCFE) Essay Competition for tertiary-level students. The accolade was announced during the 3rd Annual Financial Literacy Seminar in 2023, an event meticulously organized by the Exchange.
Participants in the essay competition were tasked with crafting 3,000 words on the thought-provoking theme, “Exploring the Future: Can AI Replace Human Traders in Commodities Exchange?” Maayofoluwa’s insightful paper not only earned her the esteemed LCFE Certificate of Outstanding Performance but also secured her a coveted one-month internship at the Exchange.
Additionally, she received a substantial cash prize of N100,000.00 (One Hundred Thousand Naira).
In her well-reasoned essay, Maayofoluwa delves into the global transformative impact of artificial intelligence (AI) on the dynamics and functions of commodities and exchange markets. Despite acknowledging AI’s revolutionary role, she staunchly argues that, at least in the immediate future, it cannot fully supplant human involvement.
Reflecting on her journey into the competition, Maayofoluwa revealed that she stumbled upon the opportunity merely three days before the submission deadline, courtesy of her lecturer, Mrs Ayobola Charles. Not only did Mrs. Charles introduce her to the competition, but she also provided invaluable encouragement and mentorship throughout the process.
Expressing her astonishment and joy at winning the prize, Maayofoluwa attributed her success to divine intervention and expressed gratitude to Mrs Charles for her guidance. Throughout the conversation, her elation was palpable, evident in her contagious laughter.
In response, Mrs. Ayobola Charles expressed her delight at Maayofoluwa’s victory. Noting that she was not surprised, Mrs. Charles described Maayofoluwa as one of the top-performing students in the class—intelligent, diligent, and proactive in her pursuit of knowledge. Mrs Charles seized the opportunity to advise fellow students, encouraging them to emulate Maayofoluwa’s diligence, hard work, and proactive approach to self-improvement.
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