The story
From General Emilio F. Aguinaldo + lower + Quirino Magsaysay. "General Emilio F. Aguinaldo" is named after Emilio Aguinaldo Elementary School (a school located in the area), which in turn is named after Emilio Aguinaldo (a general and the first president of the Philippines). It was renamed from "Lower Quirino Magsaysay" on July 5, 1988.
Etymology from Wiktionary, CC BY-SA 4.0.