Gone were the days when university graduates were hotcake in labour market, today there are millions of such quality that are roaming the streets of Nigeria.

That suggests why the Vice Chancellor of the Obafemi Awolowo University, Professor Bamitaale Omole said that the institution could no longer give automatic employment to first class graduates again.

He said this while speaking on programmes of events for the forthcoming 41st convocation ceremony of the university that graduates who made first class grades would no longer be offered automatic employment in the Obafemi Awowolo University Ile Ife, Osun State.

“Those who made first class should no longer expect automatic employment because of the current economic reality in the country which may not make it easy to accommodate them. The idea of automatic employment to first class graduates by OAU was designed in the 1980s because they were not always willing to remain in the academics,” he said.

According to Bamitale, considering the dwindling resources and given the large number of students who obtained first class grades now. It is no longer possible for the university to offer them automatic employment.”

The VC said 5,350 graduates drawn from the thirteen faculties in the university bagged first degrees while 2,444 graduates bagged certificates in Postgraduate Diplomas, Master’s and Doctorate degrees in the 2013/2014 convocation.

“Out of the 5,350 graduates, 45 made First Class Honours, 1,241, Second Class Upper division, 2,717, Second Class Lower, 818 have Third Class, 64 made Pass while 465 students came under unclassified degree.”