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Edves Raises $575k to Onboard More Schools Online

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Edves

By Adedapo Adesanya

Nigerian education tech startup, Edves, has raised $575,000 to improve products and bring more schools online by digitizing learning and administration to ensure multi-curricular lesson delivery online and offline.

The funding round, which was oversubscribed, was led by Beta Ventures along with Launch Africa, Chinook Capital (follow on) and Future Africa.

According to Semrush, SimilarWeb and Google Analytics, Edves was the most used indigenous Edtech platform for K-12 schools learning continuity and end-of-term examination in Nigeria between March and September 2020 during the COVID-19 pandemic and school lockdown.

As a digital infrastructure, the startup enables collaboration between teachers, parents and administrators to deliver education, and collaborate on learners’ progress on learning goals, tracking and analyzing learning outcomes. Since its inception, over 790 schools have used the software to automate operations in Nigeria, Ghana and Zimbabwe.

The CEO/co-founder, Mr ‘Dimeji Falana, and COO/co-founder, Mr Dare Adebayo, said that the fund would fuel product improvement, the release of new offerings to address fresh consumer needs in the Nigerian market and major segments in other African markets.

On the part of Beta. Ventures (BV) General Partner, Ovo Emorhokpor commented on their decision to invest in Edves, “Beta. Ventures has a clear mandate to support exceptional African startups and entrepreneurs bringing actual value to Nigeria and other African communities. We have witnessed Edves firsthand and seen how they deliver on their promise to digitise the learning process in and out of the classroom in Africa.

“We are thrilled to be part of their journey as they scale their offerings and expand into new markets. Beta Ventures is an early-stage investor, focused on partnering with high-potential technology entrepreneurs that are building significant companies for the African market.”

According to Mr Zachariah George, Managing Partner at Launch Africa Ventures commenting on their investment rationale saying, “With nearly 60 per cent of Africa’s population of 1.4 billion being under the age of 25, digital teaching and learning is a must-have and not a nice-to-have.

“Schools all over the continent need easy-to-use, secure learner management software that encompasses all school needs by addressing specific challenges with capturing data, paperwork, and improving every area of school operations.

“With its proprietary technology, presence in 3 countries and nearly 800 institutions already onboard in Nigeria alone, we feel very confident in the EdVes team’s ability to tackle this huge opportunity head-on.”

Mr Suru Avoseh, General Partner Chinook Capital shared the rationale for the decision to back Edves for the second time. “At the height of the unexpected COVID-related lockdown, the demand for Edtech products scaled globally (further market validation), however many schools were caught unaware and paid an expensive price to work around the situation. What Edves has done is to introduce innovative technology that makes this transition to digital education seamless at a cost-effective rate.

“That’s why we invested in Edves and the team. The adoption and demand for their products have been impressive with a reach of over 780 schools in Nigeria with 350,000+ connected players (educators, parents and students).

“To realize its ambitions to play at a bigger scale, a regional expansion is necessary and our aim is to continue to support Edves’ efforts to achieve the long-term goal: To become the operating system for k-12 schools in emerging markets”.

On his part, Mr Iyinoluwa Aboyeji, Managing Partner, Future Africa noted -“Dimeji and Dare are tenacious technology entrepreneurs in the education space. We’re particularly excited about their execution and growth over the years, especially supporting parents and schools during COVID. A lot of opportunities exist with education in Africa.

“The particular problem that Edves solves is critical to education management. It frees up teachers’ time to focus on more important tasks and helps parents stay abreast of their child’s educational progress. We’re excited to partner with them to build the future of learning in Africa.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Education

Farouk Ahmed Pays $5m for Children’s Secondary School Fees Abroad—Dangote

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dangote farouk ahmed

By Modupe Gbadeyanka

The chief executive of the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, has been accused of corruption by the president of Dangote Group, Mr Aliko Dangote.

Speaking on Sunday, the business mogul alleged that Mr Ahmed paid about $5 million for the secondary school education of his four children in Switzerland.

He wondered how the NMDPRA chief, who is a government official, could afford to pay the huge amount of money for the school fees of his kids abroad when there are several students in the home state of Mr Ahmed, Sokoto State, wandered around because of lack of funds for education.

He called on the authorities to institute a full scale investigation into the activities of the NMDPRA boss, with the outcome made public.

“I have actually had people making complaints about a regulator who has actually put his children in secondary school.

“And that secondary school education, which is six years, four of them cost Nigeria $5 million. I mean, you cannot imagine somebody paying $5 million for educating four children,” Mr Dangote disclosed during a media briefing at the Dangote Petroleum Refinery and Fertiliser Plant, Lekki, Lagos.

“From Sokoto, where he comes from, people are struggling to pay N100,000 for school fees. A lot of children are at home, not going to school, because of N100,000.

“I cannot understand why somebody who has worked all his life in government, and he has four children whose school fees he has paid $5 million for,” he added.

“This is a system where some of us are taxpayers. When people are complaining, we also complain, because when I pay tax, I want to see my money put to use, not stolen.

“I don’t know why the authority chief executive, Mallam Farouk, has four children educated in Switzerland at the cost of $5 million for their secondary school education alone, not university,” he alleged.

“My children went to secondary school in Nigeria. They did not go outside Nigeria to attend secondary school,” Mr Dangote stressed.

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Education

FG, States Hail Dangote’s N1trn Scholarship Scheme for 1.3 million Students

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N1trn Scholarship Scheme for 1.3 million Students

By Modupe Gbadeyanka

The N1 trillion scholarship programme of the Aliko Dangote Foundation (ADF) for about 1.3 million Nigerian students has been applauded by the federal government, the state governments and the others.

The scheme was designed to expand access to education and promote academic excellence across Nigeria. Starting in 2026, the initiative will support over 1.3 million students from all 774 local government areas, with N100 billion committed annually for 10 years.

It targets Nigeria’s most vulnerable learners and is structured into three categories: Aliko Dangote STEM Scholars – 30,000 undergraduates in public universities and polytechnics will receive tuition support of up to ₦600,000 per year;  Aliko Dangote Technical Scholars – 5,000 TVET trainees will get essential study materials and technical tools; MHF Dangote Secondary School Girls Scholars – 10,000 girls in public schools will receive uniforms, books, and learning supplies, prioritizing states with high out-of-school rates.

The programme would be implemented in partnership with NELFUND, JAMB, NIMC, NUC, NBTE, WAEC, and NECO. It would be based on merit, with beneficiaries chosen through a fully digital system.

Vice President Kashim Shettima praised the organisation for the intervention, saying it demonstrates the critical role of private-sector actors in national development.

He noted that Nigeria’s demographic growth makes urgent investment in education indispensable, warning that “a population becomes a liability only when it is uneducated.”

“Aliko Dangote, through his far-reaching philanthropy, has set in motion the single largest private-sector education support intervention in the history of this country. What he has done here today is a lesson to each of us. This is nation-building in its purest form,” Mr Shettima said.

The Governor of Lagos State, Mr Babajide Sanwo-Olu, speaking on behalf of the 36 state governors, also commended the initiative and pledged the governors’ full support.

The Minister of Education, Mr Tunji Alausa, described the initiative as “pure human capital development,” saying it aligns with the President Bola Tinubu administration’s education sector renewal plan of transforming Nigeria from resource-based economy to a knowledge-based economy and is significant because every local government area will benefit.

He said by the end of the first decade of the execution of the scholarship programme, it is estimated that over 170,000 girl-child would have gone to school.

On his part, Mr Dangote said the intervention is aimed at Nigeria’s most vulnerable learners, noting that financial hardship, not lack of talent, is the primary reason many drop out of school.

“This is not only charity. This is a strategic investment in Nigeria’s future. Every child we keep in school strengthens our economy. Every student we support reduces inequality. Every scholar we empower becomes a future contributor to national development.

“Our young people are not asking for handouts. They are asking for opportunities. They are asking for a chance to learn, to grow, to compete and to succeed. And we believe they deserve that chance,” he stated.

“No young person should have their future cut short because of financial hardship. We are stepping forward to ensure students stay in school and pursue their ambitions.

“This initiative is more than financial aid—it is an investment in human capital, with ripple effects on economies, societies, and future generations. When a student gets a scholarship, entire communities stand to benefit,” the business mogul added.

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Education

Airtel Africa Foundation Opens Scholarship Portal for Nigerian Undergraduates

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Airtel Africa Foundation

By Modupe Gbadeyanka

Entries for the Undergraduate Tech Scholarship in Nigeria by Airtel Africa Foundation have opened and applicants can register via candidate.scholastica.ng/schemes/airtelfellowship2025.

This programme forms part of the foundation’s F.E.E.D. agenda, which promotes Financial Empowerment, Education, Environmental Protection, and Digital Inclusion, with a focus on creating pathways for talented young people who face financial barriers.

The scheme, according to a statement from the not-for-profit organisation, provides full tuition, accommodation support, and essential study materials for 100-level students with strong academic potential.

Applications are open to students pursuing courses such as Information Technology, Computer Science, Software Engineering, Data Science, Cyber Security, Artificial Intelligence, and other ICT-related disciplines at participating universities: University of Lagos, University of Nigeria Nsukka, Ahmadu Bello University, University of Benin, Obafemi Awolowo University, University of Ilorin, and Tai Solarin University of Education.

Applicants must be enrolled in 100-level, have scored at least 230 in JAMB, and hold a minimum of five credits in WAEC, including English and Mathematics, in a single sitting.

Required documents include Joint Admissions and Matriculation Board (JAMB) results, university admission letter, West African Examination Council (WAEC) certificate, student identity card, and academic transcript or university results.

Qualified students across the listed institutions have been encouraged to apply and position themselves for a stronger start in the technology sector.
the chairman of Airtel Africa Foundation, Mr Segun Ogunsanya, said the scholarship demonstrates the organisation’s commitment to nurturing Africa’s next generation of digital leaders.

“Young Africans are brimming with talent and ambition. What many need is a fair chance to pursue their education without financial pressure.

“This scholarship reflects our belief that investing in their growth will strengthen communities, empower families, and expand the continent’s digital future,” the former chief executive of Airtel Africa Plc, noted.

On his part, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, said, “Education is one of the most powerful tools for national development.

“As an organisation, Airtel is determined to build a platform for aspiring young Nigerians to learn, innovate and lead in the country’s expanding technology landscape.”

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