Babcock College, Ilisan Remo, on Friday unveiled the first-ever strong and workable statistical information evaluation software program package deal dubbed VSP, (ValueStats Statistical Bundle), produced by a Professor of Accounting and programmer with the college, Prof Enyi Patrick Enyi.
The Vice-Chancellor of the establishment, Prof Ademola Tayo, who couldn’t cover his pleasure over this milestone achievement described the disclosing of this first-ever African-produced statistical package deal as an excellent second of satisfaction and monumental accomplishment for the continent.
Tayo disclosed this whereas talking through the historic unveiling of the software program package deal in addition to the launch of one other e-book, Monetary Modeling authored by the identical Professor of Accounting held on the Babcock Enterprise College Auditorium.
The Vice-Chancellor, represented by a former Deputy Vice-Chancellor of the establishment, Prof Sunday Owolabi, additionally revealed that the homegrown statistical package deal will save the nation a whooping sum of $1bn yearly.
He stated, “That is little doubt a historic occasion, an excellent second of satisfaction for Africans as a result of this type of product is the primary on this continent.
“The VSP statistical package deal is particular and peculiar in its personal approach. All those we had been utilizing earlier than Prof Enyi Patrick Enyi got here up with this innovation are international, imported from China, Japan, and India amongst others however this VSP statistical package deal is produced in Nigeria and it’s much better.
“There are a number of modules that this statistical package deal contained which aren’t in these international ones. And utilizing this accounting statistical package deal invented by this nice scholar will save Nigerians at the least $1bn as a result of the customers will likely be shopping for these packages in naira which is the equal of $40 and so it is going to assist ease numerous strain on our foreign exchange.
“Folks ought to use this package deal, the scholars, lecturers, they’ll even go to the YouTube to study extra concerning the package deal and they need to give us suggestions to know what else so as to add within the subsequent model.”
The Vice-Chancellor described Enyi as an excellent scholar and instructor of reputation urging him to stay steadfast in his chosen path of impacting the world for good.
The President, of the Institute of Chartered Accountants of Nigeria, Davidson Alaribe, who was the particular visitor of honour on the occasion, lauded Enyi for registering the institute and the accounting occupation on yet one more world map of excellence and innovation.
Alaribe represented by Prof Godwin Oyedokun of Lead Metropolis College, Ibadan, Oyo State, hailed Enyi for his tutorial prowess and achievement saying that the institute won’t solely help but additionally proceed to accomplice with these selling excellence within the accounting occupation.
Talking on the programme, Enyi stated the urge to look inward to create an accounting statistical package deal which fits the peculiarities of Nigeria’s atmosphere and methods of doing issues in Africa was the last word motivation.
“That is the primary time an African is producing a statistical package deal. These we have been utilizing earlier than like SPSS from America, EV from India, and Stata too from India, we’ve R amongst others however none ever developed in Africa.
“And we’re doing this to make a distinction, as an instructional I’ve all the time been researching and most of my analysis is African however many instances a few of these international packages gained’t give me the consequence that I would like, so I started to think about that statistical package deal that may take our peculiarities into consideration
“In these different packages you need to learn to code them to make use of them however that is our personal, VSP has been made to be user-friendly. We’ve got made it menu-driven such that the menu can recommend what you need to do and also you decide it up and do no matter you need to do.
“For example after doing all of your evaluation within the VSP, it is going to routinely produce your graphs for you however in others like SPSS, EV or Stata, you’ll have to choose the graph that you really want.
“It took me two years to get the software program developed…and speaking about price, a mean SPSS which I used to be utilizing earlier than developing with this innovation price me about $280 then which should be renewed yearly however this one is $40 which is about N60000 and you’ll proceed to make use of this till possibly we develop one other model. We will be saving our nation tens of millions of {dollars} with this newly developed statistical package deal”, he stated.
Enyi stated this breakthrough solely signifies that with real and concerted efforts, Africans have what it takes to unravel their socio-economic challenges.
