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Financial Literacy: Stanbic IBTC, JAN Host MoneyBee Competition

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A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has partnered with Junior Achievement of Nigeria (JAN) to host the inaugural MoneyBee competition aimed at promoting financial literacy among secondary school pupils and in commemoration of this year Children’s Day celebration.

Chief Executive of Stanbic IBTC Bank Plc, Dr Demola Sogunle, urged Nigerian students to acquire financial literacy skills as this would lead to their financial freedom early in life and equip for the future. He insisted that the imperativeness of financial literacy among students cannot be over emphasized.

Mr Sogunle urged the students to “make sure that you learn something new in financial literacy for your personal growth.”

He said, “At Stanbic IBTC we have long identified education, a key pillar of our corporate social investment, as pivotal, along with financial literacy, to economic growth and development. Thus, we are always pleased to engage our future leaders to share financial literacy nuggets with them.”

The bank executive further said to share some success nuggets that would help the students excel in life which include: acquiring good education, discipline, volunteering and continuous self-improvement.

According to him, “education is important: I know that at a young impressionable age, schooling or getting an education might seem like a difficult chore. Some people might even tell you that it is not important, believe me- It is.

“Education gives you a competitive chance in life and a good education can open you up to a life of ease. Take your education seriously and make learning a priority.

“Education should not be limited to a schooling environment. Strive to take leanings from any environment you find yourself. Nothing you learn is wasted.”

On discipline, Mr Sogunle stated that discipline means “self-control, which is a sign of inner strength and control of yourself, your actions and reactions.”

“It gives you the power to stick to your decisions and follow them through, without changing your mind. If you must do things out of habit, make sure that the habit is one that you have built deliberately, is progressive and not destructive,” he added.

He stated further that, “You should also identify good role models and learn from them. A good mentor will help you achieve your goals faster because you will learn from their previous mistakes.”

Speaking on volunteering, he advised the students to sign up and take every good opportunity to volunteer- even for free, saying volunteering/apprenticeship is a smart way to gain experience and learn life lessons.

“It opens you up to the realities of life and gives you an opportunity to build your network. Volunteering for a good cause boosts your resume and gives you confidence in what you would have achieved,” he said.

While wrapping up his talks with the students, the top and successful banker charged them to “Never Stop Moving Forward: Always seek to improve yourself.”

He stressed that, “Life is a marathon not a sprint, you cannot afford to rest on your oars at any position you find yourself. You should keep moving, remain at whatever you are doing and keep in mind that continuous improvement is a sure way to being successful in life.”

In a similar vein, the Country Head Human Capital, Stanbic IBTC Holdings Plc, Ms Funke Amobi, stated that the essence of organizing the programme is to up skill students in secondary schools on financial literacy as regards information regarding the financial service institutions such as banking, pensions, insurance etc.

“We are doing this by quiz and competition, which is the way to test knowledge. This is the maiden edition and it will be an annual event,” she said.

A total number of 23 schools participated in the competition and two schools, Heritage Global Academy, Lagos and Canterbury International High School, Lagos emerged joint first place winners.

Educational Trust Account prizes worth N100,000 were given to each of the students who emerged first and second place winners, while the third place winner was given Education Trust prize worth N50,000.

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

Philomena Onoyona Foundation Donates Learning Materials to School

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Philomena Onoyona Foundation Alidinma Mixed Secondary School

By Modupe Gbadeyanka

Some learning materials have been donated to the Alidinma Mixed Secondary School in Agbor Alidinma in Ika South Local Government Area of Delta State by the Dr Philomena Onoyona Foundation.

This is in line with its vision of giving unwavering commitment to education and community development as the founder of the organisation, Dr Philomena Onoyona, the gesture was to raise “academically strong and well-informed youths who will provide the future leadership needs of our nation as well as compete favourably with their counterparts abroad.”

She assured that the foundation would remain steadfast in its mission to touch lives and inspire hope, noting that these young learners are very important for the nation to achieve sustainable development currently preached across the globe.

“Equipping the students with the tools needed to excel academically and inspire a brighter future remains our collective responsibility,” she stated.

Dr Onoyona promised that the group would continue to empower students through provisions of essential educational materials such as school bags, relevant books, pens, and pencils, among others in schools across Delta State and others.

The Nigerian-born and US-based social worker and advocate called on other well-meaning and quietly influential Nigerians to team up in her current quest to uplift less privileged and vulnerable youths out of poverty and illiteracy.

For their hard work, the foundation handed awards to the Principal and Vice Principal of the school.

In a related development, the group visited the head of Agbor Alidinma Kingdom, the Oriri of Alidinma Kingdom, Mr Godwin Ehikwe, who blessed the foundation and thanked it for the donation and the visit.

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Education

Teachers Praise Makinde for Mass Recruitment

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Seyi Makinde

By Modupe Gbadeyanka

Governor Seyi Makinde of Oyo State has been commended for recruiting about 19,500 teachers since he assumed office about five years ago.

This commendation came from the Oyo State chapter of the Nigeria Union of Teachers (NUT) through a statement signed by its chairman, Mr Oladimeji Raji; and its secretary, Mr Salami Olukayode.

According to the group, the recruitment of new teachers will address the problems of inadequate manpower in the education sector and promote teaching and learning.

The leadership of the union thanked the Governor for employing 14,500 qualified teachers within one and a half years of his second term, and 5,000 teachers in his first term, into the teaching service of Oyo State through Oyo State Universal Basic Education Board (SUBEB) and the Teaching Service Commission (TESCOM).

“Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the anal of the recruitment history of our dear state in recent times but also across the entire 36 states of the federation, including the Federal Capital Territory.

“Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non-teaching personnel, aside from an appreciative number of caregivers is a clear-cut and perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children,” a part of the statement said.

Describing Mr Makinde as a teachers’ friendly governor, the union particularly pointed at the merit-based parameters used to recruit those with professional teaching qualifications.

“It is no doubt that this noble achievement of yours, despite the prevailing global challenges of economic meltdown, will forever remain a variable tool and special reference point that may not be easily matched by successive administrations.

“Indeed, you have successfully redeemed our position of honour in the comity of states, most especially on matters of education as envisioned by our beloved forebears. Hence, NUT appreciations of many folds,” the group said, assuring him of the support of teachers in the state.

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Education

Binance, AltSchool to Reward African Youth Talent With Scholarships

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Binance Labs

By Adedapo Adesanya

Top cryptocurrency exchange, Binance, has announced a partnership with AltSchool Africa to provide full-tuition scholarships to 500 young Africans for next year.

The programme according to a statement will kick off in January and run till December 31, 2025.

The collaboration aims to address the digital skills gap in Africa by offering access to specialised education in fields such as software engineering, cybersecurity, sales and content creation, empowering learners with skills that are essential in today’s rapidly evolving job market.

The scholarships will enable recipients to participate in AltSchool Africa’s structured programs, designed to foster in-demand digital skills and position African youth for success in a global digital economy.

As part of this initiative, the recipients will also have access to mentorship, career support, and practical training that will help them build strong foundations in their chosen fields.

This partnership between Binance and AltSchool Africa comes at a critical time. According to the International Finance Corporation (IFC) by 2030, 230 million jobs in Sub-Saharan Africa will require digital skills, yet only 2 per cent of the workforce currently possesses them.

“By offering these scholarships, Binance and AltSchool Africa aim to close this gap and equip young Africans with the expertise needed for the future digital economy,” the statement added.

Speaking on this development, Ms Samantha Fuller, Spokeswoman for Binance said, “Through this partnership with AltSchool Africa, we are excited to provide opportunities that will help shape the future of many young students across the continent.”

“Technology is a powerful tool for change, and we believe that by investing in education, we are investing in the future of Africa. Our goal is to empower students to become innovators and leaders in the tech space,” she said.

Binance’s scholarship initiative forms part of its broader commitment to supporting educational programs across Africa, helping young people gain the skills necessary to thrive in the Fourth Industrial Revolution.

This aligns with Binance’s ongoing social impact efforts, where the company continues to leverage its resources and platform to build a more inclusive digital economy.

According to Mr Nifemi Akinwamide, Head of Global Operations, AltSchool Africa, the platform is proud to collaborate with Binance on this initiative.

“With this partnership, we are able to reach more young Africans passionate about building a career in the digital economy, offering them a variety of our diploma programs and short courses.

“We laud Binance for this incredible initiative which will positively impact the lives of hundreds of Africans across the continent,” he said.

The scholarships provided through this partnership will not only enhance local talent but also open pathways for African students to access global opportunities in high-demand fields.

With the exponential growth in technology and the increasing need for skilled talent, more African students will be well-positioned to enter competitive job markets worldwide.

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