Education
Significance of Establishing Stronger Relationship Between Corporate Business and Career Development in Higher Education System in Russia
By Kestér Kenn Klomegâh
Far ahead of the special session that thoroughly reviewed and discussed Russia’s education and the employment market at the 25th St. Petersburg International Economic Forum (SPIEF), Russian legislators have, on May 25, launched a Telegram survey on the future of higher education and the Bologna system in Russia.
Russia’s State Duma speaker Vyacheslav Volodin wrote on his Telegram channel calling for a new higher education system in the country based on the best contemporary and Soviet practices.
“We would be right to create an effective national higher education system based on today’s and Soviet practices,” Vyacheslav Volodin wrote on his Telegram channel. “The existing higher education system needs change, as per 90% of the respondents,” Volodin reported, saying that more than 413,000 people had been surveyed.
The Duma speaker said this and other issues would be discussed at a parliamentary session on June 27, with Science and Higher Education Minister Valery Falkov, as well as representatives from the country’s universities and education experts expected to attend.
At the St. Petersburg forum, its traditional face-to-face format for the first time in two years after the coronavirus pandemic, during a special discussion entitled How to Provide the Russian Economy with the Qualified Personnel?’ and looked at the question of the ‘qualification pit’ – the mismatch of skills and competencies of employees with the needs of employers is becoming more acute by the year. At the same time, according to the Ministry of Education, today more than 60% of schoolchildren choose secondary vocational education. Is it not enough? And what measures should be taken by the state and businesses to solve the current problem?
There were more questions on aspects of education. How to attract employers to active, meaningful cooperation with educational organizations? How can business contribute to a better quality of personnel training? How can we increase employers’ satisfaction with the level of secondary vocational graduate training? How can the right conditions for mastering fundamentally new professional skills and competencies be created? How can we reduce the time necessary for the adaptation of new personnel in production and increase the efficiency of the process?
Some experts have argued that the integration of creative industries into the educational process is becoming an important trend and necessity of the 21st century. Thus, getting involved in educating and training future professionals should be viewed as an integral part of any sector of the economy from the nuclear industry to agriculture and construction.
Deputy CEO of the Roscongress Foundation and Director of the social platform of the Roscongress Foundation – the Innosocium Foundation Yelena Marinina explained at the session at the St. Petersburg forum that the future and the trajectory of its development depend on the values, knowledge, and aspirations of today’s young people.
There are new opportunities and the new horizons that are opening up in all areas are in high demand. It makes it imperative effectively utilise the potential of graduates to accelerate economic growth. This explains the need to understand the relationship between employers and employees, and to stimulate cooperation, especially in a rapidly changing world, between business and educational institutions, Marinina asserted in her presentation.
Speaking at the SPIEF plenary session, Russia’s President Vladimir Putin strongly urges big business representatives to link their families’ future with Russia. “Recent events have only confirmed what I kept saying earlier: it’s safer at home. Those who didn’t want to hear this obvious message lost hundreds of millions, if not billions of dollars in the West. This is how the supposedly safe haven for capital turned out,” the Russian leader stressed.
“Today I would also like to address our leaders, large companies owners, our major entrepreneurs and managers. Dear colleagues, friends, real, lasting success, a sense of dignity and self-respect come only when you connect your future, your children’s future with your Motherland,” Putin reiterated.
Putin carefully noted that he has been in contact with many CEOs and company owners for a long time and knows their sentiments. It is, indeed, important to understand that business is much more than making a profit. It involves changing the life around, and contributing to the development of your hometown, region, and the country as a whole is an extremely important thing for self-realization. Nothing can replace service to people and society. This is the meaning of life, the genuine meaning of work.
On several occasions of award ceremonies for young talented entrepreneurs in the Kremlin, Putin has, long ago, supported the implementation of the strategic socio-economic initiative entitled Professionalism. The initiative is aimed at a complex reset of the whole system of secondary vocational education.
The key task is to ensure the training of specialists in professions that are truly in demand in a shorter period of time. This will provide a possibility to build a new sectoral model of personnel training, synchronized with the demands of the labour market. It will help stipulate employment for graduates and, as a consequence, give a new impetus to the development of regional economies.
As of September 1, 2022, 150,000 students will be involved in training at educational production centres. The primary focus is on key working professions and specializations in areas such as metallurgy, pharmaceuticals, petrochemicals, and transportation. The new approach that lies at the heart of the project will help solve the issue of targeted training for the priority sectors of the economy under the conditions of import substitution.
New documents were signed by Alexander Stuglev, Chairman and CEO of the Roscongress Foundation, Elena Chernova, First Vice-Rector of St. Petersburg State University, Ivan Lobanov, Rector of Plekhanov Russian University of Economics, and Marina Buntova, CEO of TALENTI. These documents stipulate joining forces in implementing state policy aimed at improving the socio-economic sector, creating conditions meant to assist students and young professionals in professional orientation and successful employment.
Under the agreement, the Roscongress Foundation will be involved in forming a database of the main beneficiaries of the projects, and organizing classes and events held as part of these joint projects. In addition, the agreements provide for cooperation between the parties in conducting joint internships, theoretical classes and training seminars for young people, including using the ‘Country’s Potential’ digital platform.
According to the organizers’ website information, about 2,700 business representatives from 90 countries were expected to attend – far below the 13,500 participants from 140 countries pre-coronavirus years. Some business leaders had concerns about attending the forum due to the sanctions against Russia. Under the chosen theme ‘New Opportunities in a New World’ that reflects the changing global situations, the conference runs from June 15 to June 18 and it is the 25th St. Petersburg International Economic Forum (SPIEF) since its establishment.
By Adedapo Adesanya
The Nigerian Education Loan Fund (NELFUND) has granted another extension for its Student Loan Application Portal to accommodate institutions that requested additional time for the 2025/2026 academic session.
According to the statement signed by NELFUND’s Director of Strategic Communications, Ms Oseyemi Oluwatuyi, on Thursday, the extension applies only to institutions that submitted formal requests, allowing eligible students extra time to complete their applications.
“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Portal for institutions that have formally requested additional time for the 2025/2026 academic session,” the statement read.
Business Post reports that at the beginning of March, NELFUND announced an extension to the deadline by a week for its student loan application portal following a notable rise in nationwide interest driven by ongoing awareness campaigns.
Speaking on the development, NELFUND Managing Director and Chief Executive Officer, Mr Akintunde Sawyerr, reiterated the Fund’s commitment to ensuring that eligible students at participating institutions can access the student loan programme.
“NELFUND remains committed to ensuring that eligible students across participating institutions have the opportunity to access the student loan programme,” he said.
The Fund urges students in affected institutions to take advantage of the extension and submit their applications through the official portal.
It also emphasised its dedication to transparency, accountability, and providing sustainable financing solutions to remove financial barriers to higher education in Nigeria.
Established to administer the Nigeria Student Loan Scheme, NELFUND was enacted into law by President Bola Tinubu in April 2024.
The initiative provides interest-free loans to students in public tertiary institutions to cover tuition and living expenses.
Beneficiaries are required to repay the loans after completing their education and securing employment, aiming to increase access to higher education for students from low-income backgrounds.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has inaugurated a Curriculum Review Committee aimed at strengthening taxation education in Nigerian academic institutions and improving the country’s tax administration system.
According to a statement, the committee was inaugurated on February 24, at the NRS Academy in Durumi as part of the agency’s broader efforts to modernise tax education and align academic training with the evolving demands of contemporary tax administration.
Speaking during the inauguration, the Director of the NRS Academy, Mr Adeolu Akinyemi, said the review exercise would involve collaboration with the Chartered Institute of Taxation of Nigeria (CITN) to develop a more structured and relevant curriculum for the academy.
He emphasised that the initiative seeks to ensure that taxation programmes taught in Nigerian institutions reflect current developments in tax policy and practice, while also equipping students with the practical knowledge required in today’s tax administration environment.
The committee has been tasked with examining existing taxation curricula across Nigerian institutions and proposing updates that incorporate modern tax policies, recent legislative changes, and emerging areas such as digital taxation and global tax practices.
Officials say the review is also designed to close the gap between theoretical classroom instruction and the practical realities of tax administration.
By strengthening the link between academic learning and professional practice, the revised curriculum is expected to better prepare graduates for careers in the tax sector.
The effort is further expected to enhance tax awareness among citizens, encourage voluntary tax compliance, and support the development of skilled tax professionals who can contribute to national revenue generation and economic growth.
The committee is chaired by Mrs Aisha Hamman Mahmoud, Special Adviser to the Executive Chairman of the NRS on Research and Statistics. Its membership includes representatives from the service as well as academic experts in taxation and fiscal policy, alongside professionals with experience in tax administration, policy formulation, and tax education.
The committee will work with relevant educational regulatory agencies and professional bodies to ensure that the proposed curriculum aligns with national academic standards while addressing the practical needs of Nigeria’s tax system.
The NRS stated that the initiative forms part of its ongoing commitment to expanding tax knowledge, strengthening professional capacity, and promoting responsible tax practices across the country.
The curriculum review exercise is expected to be completed within 60 days, after which the Service plans to provide further updates on the implementation of the revised programme.
By Modupe Gbadeyanka
The first batch of Nigerian undergraduates to enjoy fully paid scholarships for studying science, technology, engineering and mathematics (STEM) courses across the continent has been chosen by Airtel Africa Foundation.
Business Post gathered that 70 students from universities across Nigeria were selected from thousands of applicants through an independently managed process, which took nearly six months.
It was learned that most of the undergraduates were from the University of Lagos (UNILAG), Obafemi Awolowo University (OAU) Ile-Ife, the University of Benin (UNIBEN), Tai Solarin University of Education (TASUED), the University of Ilorin, Ahmadu Bello University (ABU Zaria), and the University of Nigeria (UNN).
The scholarship covers tuition, laptop computers, living expenses, and essential learning resources, a statement from Airtel Africa Foundation disclosed.
The chairman of the foundation, Mr Segun Ogunsanya, speaking at the presentation of the scholarships to the beneficiaries at the Lagos headquarters of Airtel Nigeria, emphasised the need for initiatives such as the Airtel Africa Foundation’s undergraduate tech scholarship for the future of the continent.
“True legacy is not measured by the awards we win or the volume of SIM cards we sell; it is measured by the lives we save, the people we feed, and the students we support when the line between success and failure is at its thinnest.
“At the Airtel Africa Foundation, we believe that lifting people out of poverty is the ultimate benchmark of a great company. Today, we are writing that legacy by tilting the balance in favour of the brilliant but underserved, ensuring that the fourth industrial revolution, driven by AI and Data Science, is built by African talent for the African continent,” he stated.
Mr Ogunsanya further revealed that this fellowship, executed through Airtel Nigeria, is designed to bridge the gap where funding, skills, and opportunity often fail to meet.
In addition to the N500,000 yearly budget for the fellows’ four-year or five-year courses, each fellow would be integrated into a structured support system for academic guidance and career mentorship, intended to ultimately transition students from the classroom to the global tech workforce.
Addressing the students, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, stressed that youth development is a strategic imperative for Airtel.
“At Airtel Nigeria, we view youth development as essential nation-building. When young people succeed, innovation accelerates, and social stability improves.
“By connecting these brilliant scholars to knowledge, skills, and confidence, we are fulfilling our core mission to connect people to opportunity. To our recipients: you earned your place here through merit and discipline. You are now ambassadors of excellence, and we expect your leadership to be defined by your conduct as you help shape a more inclusive digital future for Nigeria,” the Airtel Nigeria chief said.
The Nigerian cohort joins a prestigious network of Airtel Africa Foundation fellows currently studying in Tanzania, the Democratic Republic of Congo (DRC), Uganda, and India.
The initiative underscores a broader commitment to technology education, youth development, and Nigeria’s digital economy.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn