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Ajimobi Installs Akande as Oyo Education Trust Fund Chair

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By Dipo Olowookere

Oyo State Governor, Mr Abiola Ajimobi, has inaugurated the state’s Education Trust Fund, which is saddled with the responsibility of mobilizing resources to complement government efforts in its drive to address the decadence in the sector.

The board of the ETF is headed by a former Minister of Industry and current President, Lagos Chambers of Commerce and Industry, Mrs Onikepo Akande, who will function as chairperson.

In an address at the occasion, the Governor said that the board was put in place to pool funds from stakeholders with a view to assisting the government to complete its intervention projects aimed at restoring the fading education glory of the state.

Mr Ajimobi said that a bill for the establishment of the ETF was passed into law in June 2016 by the State House of Assembly, as part efforts to ensure that the transformation agenda of his administration was manifest in every sector.

The Governor said that the objective behind the ETF was to put in place a conducive learning environment, improved and adequate physical facilities, as well as quality and well-motivated teachers.

The Governor who described the chairperson of the ETF as a woman of many parts, expressed optimism that Akande and other members of the board of trustees will bring their wealth of experiences to bear in the task before them.

Mr Ajimobi said, “I am convinced that by the time the board swings into full action, all our yearnings and aspirations towards the transformation of education in the state would be achieved to an appreciable level.

“In nominating you, it is my belief that your organizations have found you worthy to contribute your quota to the development of education in Oyo State and I believe that you will justify the trust reposed in you.

“By the time resources are pooled, we can then confidently be talking of a conducive learning environment, improved and adequate physical facilities as well as quality teachers.

“May I therefore charge members of the board of trustees to be dedicated and committed to the realization of the objectives behind the setting up of the fund. It is also my belief that stakeholders will support and cooperate with them in the discharge of their responsibilities.”

The Governor used the occasion to appeal to the workforce at the Ladoke Akintola University of Technology, Ogbomoso ((LAUTECH), to show more understanding about the need for a forensic audit of the university as part of efforts to find a lasting solution to the crisis.

He called on the striking workers to give peace a chance and cooperate with the auditors in the interest of peace and to quicken the process of returning normalcy to the college.

On behalf of his Osun State counterpart, Mr Rauf Aregbesola, Mr Ajimobi expressed appreciation to the outgoing members of the university’s Governing Council of the institution for what he called their selfless contribution towards its development.

Mr Ajimobi said, “While the two owner states of Oyo and Osun are doing everything within their powers to quickly resolve the challenges associated with the institution, it is my hope that the striking teaching and non-teaching staff will give peace a chance and cooperate with us.

“They need to end the strike and get our students back into the classrooms at the earliest date. In the meantime, let me on behalf of my brother, Governor Rauf Aregbesola, thank the outgoing members of the university’s governing council for their selfless contribution and services to LAUTECH.”

In her remark, the chairperson of the ETF board of trustees appreciated the governor for finding her and other members worthy of the appointment, which she said was a call to serve the state at a high level.

She said the quality of human capital in any country was dependent largely on investment on education, noting that funding of the sector had remained a major issue over the years.

Mrs Akande said, “On behalf of the board of trustees of Oyo State Education Trust Fund, I will like to assure you of our total commitment to the realization of the objectives and vision of this great initiative.

“Clearly, funding has become a major issue for our educational sector at both the national and state levels. It has, therefore, become imperative to engage both private organizations and individuals in corporate social responsibilities (CSR) to play a role.”

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]

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Education

Nigerian Breweries to Empower 1,000 Lagos, Ogun, Enugu Students

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Nigerian Breweries Orange Corners Student Ambassadors Programme

By Modupe Gbadeyanka

Plans have been concluded by Nigerian Breweries to support about 1,000 Nigerian students in Lagos, Ogun, and Enugu States.

The foremost brewing company is carrying out this empowerment initiative with a leading non-profit organisation, FATE Foundation, through the Orange Corners Student Ambassadors Programme of the Netherlands.

This partnership marks a significant step in advancing youth entrepreneurship in Nigeria, equipping young people with the knowledge, skills, and opportunities needed to build sustainable businesses and contribute meaningfully to the nation’s economy.

This is because the scheme is to promote entrepreneurship and offer networking opportunities in Nigerian tertiary institutions. Ambassadors are selected from specific universities to inspire students to see entrepreneurship as a desirable career path and to foster a culture of innovation within universities.

It targets students aged 18–35 currently enrolled in tertiary institutions across Lagos, Ogun, and Enugu States.

“The partnership reinforces Nigerian Breweries’ long-standing commitment to youth empowerment and entrepreneurship development. Through initiatives like this, we are creating pathways for the next generation of entrepreneurs and business leaders in Nigeria,” the Corporate Affairs Director for Nigerian Breweries, Mr Uzodinma Odenigbo, stated.

He further highlighted the company’s track record in youth empowerment, noting that since the renewed focus on youth empowerment and entreprenuership, Nigerian Breweries has impacted 2,365 young Nigerians across 24 states and the FCT.

Also speaking on the partnership, the Executive Director of FATE Foundation, Ms Adenike Adeyemi, expressed enthusiasm about the collaboration between Nigerian Breweries and the Orange Corners Programme.

“Nigerian Breweries has been a longstanding partner with Orange Corners Nigeria in many ways. We are delighted to have the company continue to support the Orange Corners Programme and elated that this commitment will reach an additional 1000 young Nigerians leveraging the proven Orange Corners Student Ambassadors framework,” she said.

Ms Adeyemi outlined FATE Foundation’s role to include designing and delivering the training curriculum, managing student registration and participation, maintaining accurate records of all beneficiaries, and coordinating all logistical and technical aspects to ensure successful programme delivery.

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Education

Kidnappings: FG Reopens 47 Unity Schools

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unity schools nigeria

By Adedapo Adesanya

The federal government has announced the reopening of the 47 unity schools earlier shut down due to security concerns on November 21.

This was disclosed in a statement by the Federal Ministry of Education on Thursday.

It said that the decision to reopen the affected colleges across the country reaffirmed its unwavering commitment to safeguarding students and ensuring the continuity of education.

On November 18, 2025, over 20 schoolgirls were kidnapped by unidentified armed men from the Government Girls Comprehensive Secondary School in Maga, Kebbi state.

Just three days later, on November 21, about 303 students and 12 teachers were kidnapped at St. Mary’s Catholic Primary and Secondary School in Papiri, Niger state.

In response, the federal government shut down 47 Federal Unity Colleges, and some states including Katsina, Taraba, and Niger also closed schools or restricted school activities, particularly boarding institutions.

Rights group including Human Rights Watch lamented that while these measures were aimed at protecting students, they disrupted learning for thousands of children, denied them access to education, and the social and psychological support schools provide.

FULL LIST OF AFFECTED UNITY COLLEGES

North-West:
FGGC Minjibir, FTC Ganduje, FGGC Zaria, FTC Kafanchan, FGGC Bakori, FTC Dayi, FGC Daura, FGGC Tambuwal, FSC Sokoto, FTC Wurno, FGC Gusau, FGC Anka, FGGC Gwandu, FGC Birnin Yauri, FTC Zuru, FGGC Kazaure, FGC Kiyawa, FTC Hadejia.

North-East:
FGGC Potiskum, FGC Buni Yadi, FTC Gashua, FTC Michika, FGC Ganye, FGC Azare, FTC Misau, FGGC Bajoga, FGC Billiri, FTC Zambuk.

North-Central:
FGGC Bida, FGC New-Bussa, FTC Kuta-Shiroro, FGA Suleja, FGC Ilorin, FGGC Omu-Aran, FTC Gwanara, FGC Ugwolawo, FGGC Kabba, FGGC Bwari, FGC Rubochi, FGGC Abaji.

South-West:
FTC Ikare Akoko, FTC Ijebu-Imusin, FTC Ushi-Ekiti, FTC Ogugu.

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Education

Coursera, Udemy Announce $2.5bn Merger

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Coursera and Udemy

By Adedapo Adesanya

Online learning platforms, Coursera and Udemy, have reached an agreement to merge in an all-stock transaction, with the combined company’s implied equity value estimated at approximately $2.5 billion.

The agreement, unanimously approved by both companies’ boards of directors, stipulates that Udemy shareholders will receive 0.8 shares of Coursera common stock for each Udemy share held.

Upon completion of the merger, Coursera shareholders are expected to own about 59 per cent and Udemy shareholders approximately 41 per cent of the new entity on a fully diluted basis.

The combined company will continue under the Coursera name, and maintain its headquarters in Mountain View, California.

Coursera, founded in 2012 by Mr Andrew Ng and Ms Daphne Koller, is an online learning platform with 191 million registered users as of September 30, 2025. It collaborates with over 375 universities and industry partners to offer courses, specialisations, professional certificates, and degrees.

The platform includes features such as generative AI (gen AI) tools (Coach, Role Play, Course Builder) and role-based solutions (Skills Tracks) to support scalable and personalised learning. Coursera is used by institutions for workforce development in fields such as gen AI, data science, technology, and business.

Udemy is a platform that provides on-demand, multi-language courses to help companies and individuals develop technical, business, and soft skills. It uses AI to offer personalised learning experiences and supports workforce development in a changing workplace.

Mr Greg Hart, currently CEO of Coursera, is set to lead the enlarged organisation as CEO after the merger.

The board will consist of nine members. Six from Coursera’s board, including chairman Mr Ng and CEO Mr Hart, and three from Udemy’s board.

“We’re at a pivotal moment in which AI is rapidly redefining the skills required for every job across every industry.

“Organisations and individuals around the world need a platform that is as agile as the new and emerging skills learners must master,” Mr Hart said.

The combination is said to create a complete ecosystem of top instructors supported by AI tools, data-driven insights, and broader distribution, enabling more engaging, personalised, and dynamic learning at scale.

Projected operational efficiencies include anticipated annual run-rate cost synergies of $115m within two years after closing.

Udemy CEO, Mr Hugo Sarrazin said: “For more than 15 years, Udemy has helped millions of people master in-demand skills at the speed of innovation.

“Through this combination with Coursera, we will create meaningful benefits for our learners, enterprise customers, and instructors, while delivering significant value to our shareholders, who will participate in the substantial upside potential of the combined company.”

The merger is anticipated to close in the second half of 2026, pending regulatory clearances, approval by both companies’ shareholders, and other customary closing conditions.

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