FG Approves N50bn for Rehabilitation of National Library
By Adedapo Adesanya
The federal government has approved the disbursement of N50 billion for the rehabilitation of the dilapidated national library project by the Tertiary Education Trust Fund (TETFUND).
This was disclosed in a statement on Monday in Abuja when the Nigerian Library Association (NLA) led by its President, Mr Innocent Ekoja, paid a working visit to the Ministry of Education.
The Permanent Secretary of the Ministry, Mr Sonny Echono, while receiving the delegates, said the critical step being taken by the government was to reposition library services in the Nigerian education sector for effective service delivery.
Mr Echono recalled that work on the National Library has been stalled for years due to inadequate funding, adding that efforts to get the private sector to complete the project have not yielded results.
Speaking, the President of the Association, Mr Ekoja, expressed profound appreciation to the administration of President Muhammadu Buhari, maintaining that the completion of the library would bring honour and pride to all Nigerian librarians as well as provide the much-needed reservoir for Nigerian researchers, students, and the generality of the reading public.
The highlight of the one-day working visit was the investiture of the service award on the Permanent Secretary, the highest honour ever bestowed on a non-librarian by the association.
The President of the group revealed that the investiture on the Permanent Secretary was the seventh of its kind by the organisation in the last four decades.
On his part, Mr Echono said he was humbled and elated to be honoured by such a reputable association, stating that the award was a great privilege for him.
The Permanent Secretary dedicated the prestigious award to the Minister of Education, Mr Adamu Adamu, and the Minister of State for Education, Mr Chukwuemeka Nwajuiba.
OOU Introduces Work-Study Programme to Reduce Attrition
By Adedapo Adesanya
To boost employment numbers and reduce the alarming attrition of students, Olabisi Onabanjo University (OOU), Ago Iwoye, Ogun State, has announced the commencement of a work-study programme for skilled students to earn while still attending classes.
The university said in a statement issued by its Registrar, Mr Femi Ogunwomoju, that the initiative would help ease the financial burden on parents and guardians and reduce the rate at which students drop out of school due to financial constraints.
Mr Ogunwomoju said the programme, through the directorate of entrepreneurship studies, “will enable students with demonstrable and proven vocational skills to work in the university and earn some stipends and still attend classes.”
Nigeria has the second highest number of unemployed youths in the world, with 53 per cent of the youth population without jobs. This country is second to only South Africa, which has 61 per cent youth unemployment.
OOU said it launched the work-study programme during its 40th anniversary in February to checkmate the increasing rate of dropouts in the institution.
“When we noticed the rate at which students were dropping out, we did the SWOT analysis of what happened to them,” said the university’s Vice-Chancellor, Mr Ayodeji Agboola, was quoted as saying in the statement.
“We came to realise that the major problem there is funding. So, we instituted immediate funding, but of course, it cannot take care of all of them,” the professor said.
He said the university, therefore, resolved to cater for 500 students under the work-study programme.
“With work studies, we are sure that the majority of them will be accommodated, and that will also solve the problem,” he said.
Students of the university who are interested and qualified to be part of the programme are requested to fill out a form.
The university management, therefore, urged interested qualified students should register through the Directorate of Entrepreneurship Studies within two weeks beginning from May 25.
200 Undergraduates to Enjoy Stanbic IBTC N80m University Scholarship Scheme
By Aduragbemi Omiyale
No fewer than 200 undergraduates who performed well in the University Tertiary Matriculation Examination (UTME) will enjoy N80 million worth of educational support from Stanbic IBTC Holdings Plc.
The funds would be disbursed to the beneficiaries under the Stanbic IBTC 2023 University Scholarship Award Scheme.
The selection process for the scholarships was rigorous and fair, with beneficiaries chosen from each of the six geo-political zones in Nigeria. The candidates were carefully evaluated based on merit, taking into account their exceptional academic performance, the organisation said.
The 200 scholarship recipients will be able to pursue their dreams with financial confidence, knowing that Stanbic IBTC will stand firmly by their side.
The company disclosed that the money would be given to the students in annual instalments over the course of four academic years. It would provide recipients with the essential financial assistance required to meet their educational expenses.
Subsequent disbursements will be contingent upon the beneficiaries fulfilling certain criteria. These criteria include maintaining their enrolment in the universities and degree programs to which they were admitted, as well as adhering to the academic and administrative policies set forth by their respective institutions, the firm stated.
By ensuring compliance with these requirements, the recipients can continue to receive the scholarship throughout their academic journey, facilitating their uninterrupted pursuit of higher education, it added.
“At Stanbic IBTC, we recognize the importance of education and its role in shaping the future of our great nation, Nigeria.
“Our principal objective for this scholarship is to provide unlimited opportunities for bright, young Nigerians who have demonstrated academic merit,” the chief executive of Stanbic IBTC, Mr Demola Sogunle, said.
He noted that the number of annual scholarship recipients was increased from 100 to 200, as education should not be a luxury reserved for a select few but accessible to all.
By investing in the academic journeys of these exceptional students, the leading end-to-end financial institution will not only make a difference in their lives but also contribute to the development and prosperity of the nation as a whole.
Wema Bank Employees Donate Items to Isale Eko Grammar School
By Modupe Gbadeyanka
It was an exciting moment for students of Isalẹ Eko Grammar School, Lagos and a fulfilling time for employees of Wema Bank Plc when they delivered some tables and chairs to the institution last Friday.
The items were donated to the school as part of the financial institution’s corporate social investment (CSI) initiative aimed to contribute to the development of education in the country, especially in its host communities.
It was gathered that Wema Bank employees purchased the items for the school by contributing the salaries under the Salary for Love campaign of the lender.
The bank expressed optimism that the items would undoubtedly transform the learning environment, creating a haven of comfort and inspiration for the students as they embark on their academic journeys.
Apart from the furniture donation, Wema Bank extended its support even further by bestowing scholarships upon two students of Isalẹ Eko Grammar School.
These scholarships, provides invaluable financial assistance and will serve as stepping stones for these exceptional students as they unlock their full potential and courageously chase their dreams.
At the presentation of the items to the school, the Head of Credit Risk Management at Wema Bank, Mr Uchenna Obazeh, emphasized the bank’s firm belief in the transformative power of education.
He commended the unwavering dedication of Wema Bank’s staff members and their resolute commitment to supporting education within the community.
“Through the ‘Salary for Love’ initiative, our employees have showcased their exceptional devotion to shaping a brighter future through education. We are humbled to contribute to the growth and development of Isale Eko Grammar School, as we remain steadfast in our mission of corporate citizenship,” he said.
In his remarks, the Principal of Isalẹ Eko Grammar School, Mr Mukaila Olatoye, expressed deep gratitude on behalf of the institution, recognizing the profound influence this generous donation will have on the students’ educational pursuits.
Also, the students thanked Wema Bank for the donation.
Latest News on Business Post
- NGX Records First Loss Under Tinubu as Investors Liquidate Stocks for Cash June 6, 2023
- Subsidy Removal: Court Stops Proposed Nationwide Strike by NLC, TUC June 5, 2023
- Momentum Gathers for Second Adire Lagos Experience June 5, 2023
- GTS Drilling, Others Lauded for Supporting Children’s Heart Foundation June 5, 2023
- Karekezi Makes Case for Nigeria’s Agro Insurance Industry June 5, 2023
- Foreign Airlines’ Unrepatriated $812m in Nigeria Worries IATA June 5, 2023
- Zenith Bank’s Ebenezer Onyeagwu Emerges Best Banking CEO in Africa June 5, 2023
- How Subsidy Removal Lifted Conoil Stocks by 45.78% in One Week June 5, 2023
- Why to Start a YouTube Channel for Yoga June 5, 2023
- Helium Gets $30m to Spread Healthcare Finance Offering June 5, 2023