Babcock College, Ilisan Remo, on Friday unveiled the first-ever tough and workable statistical knowledge research instrument bundle dubbed VSP, (ValueStats Statistical Bundle), produced by way of a Coach of Accounting and programmer with the college, Prof Enyi Patrick Enyi.
The Vice-Chancellor of the establishment, Prof Ademola Tayo, who may now not disguise his pleasure over this milestone success described the revealing of this first-ever African-produced statistical bundle as a superior while of pleasure and enormous accomplishment for the continent.
Tayo disclosed this occasion talking all the way through the historic unveiling of the instrument bundle in addition to the initiation of some other store, Monetary Modeling authored by way of the similar Coach of Accounting held on the Babcock Industry College Auditorium.
The Vice-Chancellor, represented by way of a former Deputy Vice-Chancellor of the establishment, Prof Sunday Owolabi, additionally distinguishable that the homegrown statistical bundle will save the rustic a whooping sum of $1bn every year.
He mentioned, “That is negative uncertainty a historic tournament, a superior while of pleasure for Africans as a result of this sort of product is the 1st in this continent.
“The VSP statistical bundle is particular and ordinary in its personal manner. All of the ones we were the use of ahead of Prof Enyi Patrick Enyi got here up with this innovation are overseas, imported from China, Japan, and Republic of India amongst others however this VSP statistical bundle is produced in Nigeria and it’s some distance higher.
“There are a lot modules that this statistical bundle contained which don’t seem to be in the ones overseas ones. And the use of this accounting statistical bundle invented by way of this superior pupil will save Nigerians a minimum of $1bn since the customers can be purchasing those applications in naira which is the identical of $40 and so it’ll assistance bliss a bundle of power on our foreign exchange.
“People should use this package, the students, lecturers, they can even go to the YouTube to learn more about the package and they should give us feedback to know what else to add in the next version.”
The Vice-Chancellor described Enyi as a grand pupil and mentor of reputation urging him to stay steadfast in his selected trail of impacting the sector for excellent.
The President, of the Institute of Chartered Accountants of Nigeria, Davidson Alaribe, who used to be the particular visitor of praise on the tournament, lauded Enyi for registering the institute and the accounting occupation on but some other world map of excellence and innovation.
Alaribe represented by way of Prof Godwin Oyedokun of Manage Town College, Ibadan, Oyo Environment, hailed Enyi for his educational prowess and success announcing that the institute is not going to most effective assistance but in addition proceed to spouse with the ones selling excellence within the accounting occupation.
Talking on the programme, Enyi mentioned the urge to seem inward to manufacture an accounting statistical bundle which fits the peculiarities of Nigeria’s state and tactics of doing issues in Africa used to be the utmost motivation.
“That is the 1st future an African is generating a statistical bundle. The ones we have been the use of ahead of like SPSS from The us, EV from Republic of India, and Stata too from Republic of India, we now have R amongst others however none ever evolved in Africa.
“And we’re doing this to produce a too much, as an educational I’ve at all times been researching and maximum of my analysis is African however again and again a few of these overseas applications received’t give me the end result that I need, so I started to consider that statistical bundle that can shoot our peculiarities under consideration
“In the ones alternative applications it’s important to discover ways to code them to utility them however that is our personal, VSP has been made to be user-friendly. We now have made it menu-driven such that the menu can counsel what you wish to have to do and also you select it up and do no matter you wish to have to do.
“As an example next doing all of your research within the VSP, it’ll robotically put together your graphs for you however in others like SPSS, EV or Stata, you’ll have to make a choice the graph that you wish to have.
“It took me two years to get the software developed…and talking about cost, an average SPSS which I was using before coming up with this innovation cost me about $280 then which must be renewed annually but this one is $40 which is about N60000 and you will continue to use this until maybe we develop another version. We shall be saving our country millions of dollars with this newly developed statistical package”, he mentioned.
Enyi mentioned this leap forward most effective means that with authentic and concerted efforts, Africans have what it takes to unravel their socio-economic demanding situations.