Obafemi Awolow University stops Automatic Employment for First Class Graduates

This is really sad though...

The Vice Chancellor, Obafemi Awowolo University,
Ile Ife, Prof. Bamitale Omole, yesterday said the
university would no longer offer automatic
employment to graduates who make First Class
degree.
Omole was addressing journalists in Ile Ife at a
news conference to mark the 41st convocation
ceremony of the institution.
He said graduates who make First Class should
forget about automatic employment as there is
no more vacancy as a result of the current
economic situation in the country.
He noted that the idea of giving automatic
employment to First Class graduates by the
university was designed in the 1980s to retain
them because they were not always willing to
remain in the academics.
"The truth is that our First Class graduates should
forget about automatic employment considering
the dwindling resources and given the large
number of students who obtain first class grade
now. It is no longer possible for us to offer them
automatic employment," he said.

Source: Oau Gist