This paper is an attempt to assess the socio-economic impact of Adekunle Ajasin University on
Akungba Akoko’s community in Ondo State, Southwest Nigeria. Data were collected using a set of
questionnaire and secondary data. The establishment of the university has caused the influx of people
into the hitherto strictly agrarian and relatively unknown community. The impact of the university was
observed on the livelihood; occupational and socialization of the people of the hitherto quiet
community. It also has its negative consequences which include demand induced inflation, increased
wave of violence among others. The study concluded that location of a tertiary institution in an area is
an impetus to the area’s rapid growth, provided the activities of such tertiary institution are guided.