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81 Students Qualify for Next Stage of InterswitchSPAK 4.0

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InterswitchSPAK 4.0

By Modupe Gbadeyanka

The organisers of the prestigious InterswitchSPAK National Science Competition have shortlisted 81 students for the next stage of the educational contest.

The students were chosen from the over 12,000 students who vied for a spot in the finals of the fourth edition of the programme through a nationwide computer-based test (CBT) held between June 2 and 8, 2022, in two stages.

Business Post gathered that the first stage of the CBT was held on June 2 and 5, with the participants pruned to 500 from 12,000 and on June 8, another test was conducted to further trim the number to 81.

The students were tested in Science, Technology, Engineering, and Mathematics (STEM) subjects and the eventual winner of the competition will smile home with N7.5 million in scholarships for five years, a laptop, and monthly stipends.

The first runner-up will receive N4 million in scholarships, a laptop, and monthly stipends for a period of 3 years, while the second runner-up will go home with N1 million in scholarships for a year, a laptop and monthly stipends.

It was learned that the top 81 students who scaled the screening process were from 13 schools, including Adedokun International School, Ota; The Ambassador College, Ota; Marist Brothers’ Juniorate, Uturu, Abia; Faith Academy Canaan Land, Ota; Loyola Jesuit College, Abuja; and Mount Olive College, Anambra.

Others are Greater Tomorrow International College, Arigidi, Ondo State; Bofoat Model College, Ondo State; FUTA Staff Secondary School Akure, Ondo; Seolad International College, Ogun; Great Cornerstone International Science College, Ondo State; Apt Scholars Universal College, Ogun State; and Oritamefa Baptist Model School, Ibadan.

Speaking on the importance of InterswitchSPAK and the need to encourage and reward more students in Africa to take up STEM subjects, the Group Chief Marketing and Corporate Communications Officer of Interswitch, Ms Cherry Eromosele, noted that Africans should play a more central role in mapping out the future of Africa.

Ms Eromosele added that the continent was ripe for development at the same scale as observed in the developed world, adding that this development had been proven to be spurred by the knowledge and application of STEM.

“InterswitchSPAK remains an integral expression of the belief we hold at Interswitch, which is that Africa’s story can be changed from the inside out. And what this means is that only through the active participation of Africans can the change we seek to come about.

“For this reason, we leverage the InterswitchSPAK National Science Competition, now in its fourth run, to encourage young Africans to find value in STEM subjects that have been identified as drivers of economic prosperity, something that we at Interswitch have seen firsthand,” she said.

InterswitchSPAK is a Corporate Social Responsibility (CSR) initiative of Interswitch and since its inception, it has continued to champion the study of STEM subjects among students in Africa as the competition has moved beyond a locally-organized initiative and has expanded to other parts of Africa such as Kenya in East Africa.

In 2021, the contest was won by Jubril Dokun of Brainfield College, Alagbado, Lagos State. Ayanlade Jesuferanmi of Obafemi Awolowo University International School, Ile-Ife, Osun State was the second-place winner, while Omoniyi Qudus of Scholars Universal Secondary School, Ota, Ogun State, was the third-place winner.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Education

Tinubu Chooses Adelabu as NECO Board Chair, Salako to Chair NBTE Board

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Bola Tinubu 2027 presidential election

By Adedapo Adesanya

President Bola Tinubu has made new appointments in the country’s educational sector, covering the National Examination Council (NECO), the National Board of Technical Education (NBTE), the Federal Polytechnic in N’yak Shendam, Plateau State, and the National Library of Nigeria, all institutions under the Federal Ministry of Education.

According to a statement on Wednesday, President Tinubu appointed Professor Modupe Adeola Adelabu as Chairman of the Governing Board of NECO, and retained the current registrar, Professor Ibrahim Dantani Wushishi.

The President also appointed Dr Bongfa Binfa as Rector of the Federal Polytechnic, N’yak-Shendam, Plateau State, and renewed the tenure of Professor Chinwe Veronica Anunobi as chief executive of the National Library of Nigeria.

For the chairmanship of the National Board of Technical Education (NBTE), President Tinubu appointed Professor Babatunde Salako.

On April 10, President Tinubu reappointed the incumbent executive secretary, Professor Idris M Bugaje, for a second and final term of five years.

Professor Adelabu, who will chair NECO, is a retired Professor of educational administration who rose through the ranks to full professorship at the Obafemi Awolowo University (OAU) in Ile-Ife, Osun State.

She was a former Deputy Governor of Ekiti State (2013- 2014) and the Chairman of the National Board for Technical Education (NBTE) between 2018 and 2021.

Professor Babatunde Salako, the new chair of NBTE, is a globally respected researcher with decades of experience in higher education, institutional governance and national policy leadership.

He previously served as the Director General of the Nigerian Institute of Medical Research (NIMR) from 2016 to 2024, a period during which the institute experienced significant revitalisation, enhanced research governance, expanded international collaborations, and improved infrastructure and research outputs.

Dr Binfa, from Plateau State, succeeds Dr Mukaila Zakari Ya’u, the pioneer Rector of the Federal Polytechnic, N’yak-Shendam, whose tenure expired on March 16, 2026.

President Tinubu approved the appointment of Dr Binfa for a single term of five years, following the conclusion of the process for appointing a new Rector through a public advertisement in national dailies in September 2025.

Dr Binfa holds a Doctor of Philosophy (PhD) in Mechanical Engineering from Universiti Teknologi Malaysia. Before this appointment, Dr Binfa was Deputy Rector (Academic) at the Federal Polytechnic of Oil and Gas, Bonny. He was also a Lecturer in the Mechanical Engineering Department at the Federal Polytechnic, Idah.

President Tinubu approved the renewal of the tenure of Professor Chinwe Veronica Anunobi as CEO of the National Library of Nigeria for a final term of five years. She was first appointed on September, 2, 2021.

Since assuming office, she has led several institutional reforms aimed at repositioning the National Library as a modern technology-driven knowledge institution, including the development and operationalisation of the National Repository of Nigeria, the Newspaper and Magazine Locator, the Index and Abstract to Nigerian Newspapers, and the National Virtual Library of Nigeria.

She has also played a strategic role in advancing the long-awaited completion of the National Library Headquarters project and in initiating plans to migrate heritage collections from the 34 state branches to the new headquarters in Abuja.

According to the statement, the President expects that the renewal of her tenure would ensure continuity in the implementation of ongoing reforms, completion of the National Library Headquarters project, and execution of the 2025-2030 Strategic Plan of the institution.

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Education

Senior Varsity Workers Warn of Indefinite Strike After April 30 Deadline

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SSANU

By Adedapo Adesanya

The Senior Staff Association of Nigerian Universities (SSANU) has issued a final deadline of April 30 for the federal government to conclude the ongoing renegotiations with its members or face indefinite shutdown of universities nationwide.

The warning was contained in a communiqué at the end of a Special National Executive Council (NEC) meeting of SSANU over the weekend in Abuja.

The union, in the document signed by its National President, Mr Muhammed Ibrahim, clarified that negotiations with the government were still ongoing and have not been concluded, contrary to reports suggesting otherwise.

SSANU expressed concern over what it described as misleading information circulating in the public domain, particularly claims that a 30 per cent increase in allowances had already been approved. The union insisted that no such agreement has been finalised or signed by the parties involved.

Reaffirming its stance, SSANU stressed that it would not accept any outcome that falls short of the understanding reached during the renegotiation process. It emphasised the need for fairness, due process and respect for collective bargaining principles in arriving at a final agreement.

Part of the communique read: “NEC reaffirmed that the renegotiation process with the Federal Government is still ongoing and has not been concluded.

“NEC expressed serious concern over attempts in the public domain to portray the process as concluded, particularly through the circulation of a letter suggesting approval of a 30 per cent increase on allowances, when discussions are still in progress, and no final agreement has been signed by the parties.

“It maintained that SSANU will not accept any outcome that falls below the negotiated understanding reached in the course of the renegotiation process and insists that fairness, due process and collective bargaining principles must be respected.

“Consequently, NEC in session, reaffirms its position by the Joint Action Committee of NASU and SSANU on the final ultimatum given to the Federal Government from April 1 to 30 to conclude the renegotiation process and sign their respective agreements. Should the Federal Government fail to conclude the renegotiation process and sign the agreements within the stated period, SSANU will have no alternative but to commence an indefinite, comprehensive and total industrial action along with NASU.

“NEC calls on all members of the Union across the branches to remain calm, vigilant, united and prepared to fully comply with the decisions of the Union in defence of their welfare, dignity and collective interest.

“NEC in session passes a vote of confidence on the National Administrative Committee under the leadership of M. H. Ibrahim, and also reaffirms its full support for the union.

“NEC reiterates that SSANU remains committed to the defence of the rights and welfare of its members and will continue to pursue justice with firmness, unity and resolve.”

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Education

NELFUND Crosses N242bn Disbursement Milestone

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NELFUND

By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFUND) says it has reached a major milestone in its student support intervention programme, with a total of 1,388,592 students benefiting from the federal government’s education loan scheme and the cumulative disbursement now reaching N242.4 billion since the initiative became fully operational with the launch of its application portal on May 34, 2024.

According to the Leadership Newspapers, these figures were contained in the latest Student Loan Disbursement Status Report, which it exclusively obtained, covering activities from the launch date to April 15, 2026.

The report showed that over 1.7 million applications have been recorded since inception. Of this number, 1,388,592 students have successfully benefited from the loan scheme.

The cumulative sum disbursed under the scheme now stands at N242,400,915,093.25 (N242.4 billion), comprising institutional fees and student upkeep allowances.

A breakdown of the figure shows that N157,455,283,093.25 (N157.4 billion) was paid directly to beneficiary institutions as tuition and institutional charges, while N84,945,632,000.00 (N84.9 billion) was disbursed as upkeep allowances to students to support their living expenses during the course of study.

The dual disbursement structure, covering both institutional fees and student upkeep, is designed to ensure that beneficiaries are not only enrolled in school but also able to sustain themselves throughout their academic programmes.

The report further shows that 288 tertiary institutions across Nigeria are currently benefiting from the scheme. These include federal and state universities, polytechnics, and colleges of education.

The report stated: “Applications received since inception stand at 1,771,797. A total of 1,388,592 students have so far benefited from the loan scheme since its inception.

“The scheme currently has 288 beneficiary institutions, indicating its reach across tertiary institutions nationwide…

“This report presents a summary of significant milestones achieved since the launch of the NELFUND Student Loan Portal. It details disbursements made to institutions for tuition fees and direct upkeep allowances to students, delivering on one of the key promises of the Renewed Hope Agenda of empowering every Nigerian student,” it added.

The student loan scheme is one of the flagship social investment programmes under the Federal Government’s Renewed Hope Agenda, aimed at expanding access to education and building a skilled workforce for national development.

It is anchored on the principle that no Nigerian student should be denied tertiary education due to financial constraints.

It was established following the signing of the Access to Higher Education Act, 2023, which provided the legal framework for the creation of a centralised student loan scheme in Nigeria.

The agency was set up to manage, disburse, and recover education loans in a transparent and accountable manner.

The fund was created in response to longstanding challenges in Nigeria’s tertiary education sector, including inadequate funding, rising tuition costs, and the growing number of out-of-school youths unable to access higher education.

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