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81 Students Vie for N12.5m as Interswitch SPAK TV Show Begins

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InterswitchSPAK

By Dipo Olowookere

All is now set for the maiden edition of InterswitchSPAK National Science Quiz Competition this weekend, with the top 81 students picked from over 11,000 applicants vying for the N12.5 million up for grab in scholarship.

The contestants were drawn from various private and public secondary schools across the 36 states of the federation, including the FCT.

The InterswitchSPAK National Science Quiz Competition is an initiative of Interswitch Group, a leading Pan-African electronic payment and digital commerce company.

Business Post gathered that the show will air on television stations across Africa from Saturday, October 27, 2018.

The Quiz competition, which is part of the InterswitchSPAK, Switch-a-Future project, will be premiered on DSTV’s Africa Magic Channel 154 on Saturday, October 27, 2018, at 7pm.  There will also be a repeat broadcast the following Tuesday at 3pm.

Other television stations on which the show will be transmitted are: AIT, TVC Lagos, STV Jos, NTA Kano, EBS Edo, NTA Port-Harcourt, DBS Asaba and OSRC Akure.

The InterswitchSPAK Switch-a-Future project is a CSR initiative introduced to promote and reward the study of Science, Technology, Engineering and Mathematics (STEM) subjects among Senior Secondary School students across Africa. The competition is focused strictly on SS2 (Year 11) students between the ages of 14 to 17 years.

With a N12.5 million scholarship prize available to the winners, InterswitchSPAK is a bold corporate effort to actively promote STEM education, especially among Nigerian secondary school students.

The first prize in the InterswitchSPAK competition is N7.5 million in tertiary education (university) scholarship, spread over five years. The first and second runners-up also get varying levels of scholarships. In addition to the quiz competition, the students will also be engaged in an innovation challenge where they are expected to collaborate and brainstorm to provide workable solutions to practical challenges in the Education, Transportation, and Healthcare sectors, based on their knowledge of STEM.

Group Managing Director of Interswitch, Mr Mitchell Elegbe, stated that, “The InterswitchSPAK is a huge investment by Interswitch and we are very passionate about it. With this project, we are breaking boundaries, we are going outside the box, we are equipping African youths with the capacity to solve problems. The TV Quiz show which will debut on Saturday, October 27, promises to be very interesting as the students will be expected to collaborate to provide solutions to social problems and at the same time compete for the title of “Best Science Student in Nigeria’. I am looking forward to it and urge Nigerians to tune in”.

InterswitchSPAK 1.0 began with a National Qualifying Examination from which the top 81 students qualified, out of over 11,000 drawn from various private and public secondary schools across the 36 states of the federation, including the FCT.

The TV Quiz Show was preceded by a Masterclass which took place on August 27, in Lagos. It was a full-day of knowledge sharing and engagement sessions where some of the most inspiring and successful men and women in the society discussed relevant topics with the students.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Education

Okpebholo Raises Edo State University’s Monthly Subvention to N250m

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Edo State University subvention

By Modupe Gbadeyanka

The monthly subvention to the Edo State University, Iyahmo, has been increased to N250 million from N100 million by the state governor, Mr Monday Okpebholo.

A statement issued on Monday by the Chief Press Secretary (CPS) to the Governor, Mr Patrick Akhere Ebojele, said a grant of N2 billion has also been approved to improve infrastructure in the institution.

Speaking at the commissioning of an e-library and the flagging off of a fitness centre and a health facility in the school, Mr Okpebholo said the funding support is to strengthen the institution’s capacity and improve learning conditions.

“Today is a great day for Edo State University, Iyamho. Since assuming office, our administration has remained committed to repositioning the education sector in Edo State.

“The Ehi Aganmonmen Business Administration E-Library, the Peter Omoh Dunia Fitness Centre, and the Edo State University Health Centre are clear symbols of progress, partnership, and shared responsibility in advancing education and health in Edo State,” he said.

Governor Okpebholo further acknowledged the collective support from stakeholders, including a parent who volunteered to sponsor the architectural designs and the Vice-Chancellor, Professor Adetimirin, who donated one month of his salary.

“If you, the vice chancellor, can donate your salary, why will the Edo state government not donate towards the university projects they are carrying out? On this note, the Edo State government will give you (the school) N2 billion,” he declared.

“I also understand that a parent has offered to sponsor the designs, and our amiable Vice-Chancellor, Prof. Adetimirin, has donated his one-month salary to support the projects. These are not small things — these are sacrifices that speak louder than words,” he added.

On healthcare infrastructure, the Governor expressed support for the university’s plan to upgrade its medical facility.

“I commend the university for the new Health Centre to replace the existing sick bay. This is an important step toward providing better healthcare services to our university community. I assure you of our continued support as we work together to bring this vision to reality,” the Governor said.

He charged students of the institution to use the facilities well, and tasked the university management to “ensure proper maintenance and sustainability of these facilities.”

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Education

45 Student-Led Startups Win N2.2bn from FG Ventures Initiative

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45 Student-Led Startups

By Adedapo Adesanya

Forty-five student-led ventures emerged as beneficiaries of a total pool of N2.2 billion in grants at the 2026 Student Venture Capital Grant (S-VCG) Finalist Bootcamp.

The programme of the federal government marks a significant boost to youth innovation under its entrepreneurship drive, announced earlier this year.

At the bootcamp’s closing ceremony and awards presentation held at the United Nations Development Programme (UNDP) office in Ikoyi, Lagos, the winners emerged after a rigorous selection process involving 65 finalists and assessment by a 12-member expert panel.

Speaking at the event, the Minister of Education, Mr Tunji Alausa, said the initiative underscores the government’s commitment to transforming tertiary institutions into centres of innovation, entrepreneurship and practical problem-solving.

He described the S-VCG programme as a key pillar of President Bola Tinubu’s Renewed Hope Agenda, aimed at enabling students to convert ideas into viable businesses.

Mr Alausa noted that each beneficiary can access up to N50 million in equity-free funding, alongside mentorship, incubation support and digital tools.

He added that the programme attracted more than 30,000 applications from 404 tertiary institutions nationwide, reflecting the growing culture of innovation among Nigerian youth.

Also speaking, the Minister of Communications and Digital Economy, Mr Bosun Tijani, commended participants for leveraging technology to develop solutions to real-world challenges.

He urged them to build scalable, tech-driven ventures capable of contributing to national development.

Also speaking, Minister of State for Education, Mrs Suwaiba Sa’id Ahmad, praised the finalists’ resilience and creativity, noting that initiatives like S-VCG are critical to nurturing problem-solving skills and fostering an entrepreneurial mindset among students.

Chairman of the Senate Committee on Tertiary Education and TETFund, Mr Muntari Dandutse, called for sustained investment in youth innovation to strengthen Nigeria’s knowledge-based economy.

On his part, the National Project Coordinator of the Special Programmes Operations and Implementation Unit, Mr Adebayo Onigbanjo, outlined the structure and long-term objectives of the programme, stating that it is designed to equip students with the resources and confidence needed to build sustainable ventures.

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Education

UniJos Suspends Exams Over Deadly Jos Attack

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Unijos

By Adedapo Adesanya

The University of Jos has suspended all examinations scheduled for Monday and Tuesday following growing tension in Jos, after a deadly attack in Anguwan Rukuba, Jos North Local Government Area of Plateau State.

The management of the institution also advised students and staff to remain indoors and stay vigilant.

According to reports, the attackers, who rode on motorcycles, stormed the community at about 7:30 pm while residents were going about their normal activities, firing indiscriminately and causing panic.

Many people were killed, while several others sustained injuries in the attack.

“The attackers just rode past and started shooting sporadically. People were running in different directions,” a source told Channels Television.

The broadcaster also reported that in the aftermath of the attack, angry youths reportedly blocked major roads within the community, raising fears of escalating tension.

UniJos, in a statement issued on Sunday by the Deputy Registrar, Information and Public Relations, Mr Emmanuel Madugu, said the incident had heightened tension, necessitating the decision.

“In view of the late evening fatal attacks by unknown gunmen on residents of Angwan Rukuba (an area that hosts many staff and students of the University), and the consequential tensions it has generated in and around the area and environs.

“The Vice Chancellor has directed that all examinations scheduled to hold on Monday, March 30, and Tuesday, March 31, 2026, are postponed, and will be rescheduled accordingly. That members of the University community be advised to be very vigilant and extra careful with their movements (On and off Campus) with IMMEDIATE EFFECT.

“For emphasis, members are strongly advised to AVOID COMING OUT VERY EARLY IN THE MORNING, and should REPORT IMMEDIATELY any sign or shadow of breach of the public peace to the University Security Division on 08035895323.

“University Management is actively liaising with the relevant Security agencies and monitoring the situation to ensure the safety of the lives of members of the University community. Further relevant updates will be communicated in due course,” the deputy registrar added.

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