Education
FX Crisis: TETFund Mulls Suspension of Foreign Scholarships
By Adedapo Adesanya
The Tertiary Education Trust Fund (TETFund) has revealed that consultations are ongoing to suspend foreign scholarships as a result of the current FX crisis in the country.
The Naira has performed badly at the foreign exchange (forex) market lately, particularly after the Central Bank of Nigeria (CBN) floated the local currency, allowing market forces to determine its value.
Since this move last month, some students studying abroad have found it difficult to access FX because of its high rate.
The Executive Secretary of the fund, Mr Sonny Echono, at a public hearing on alleged missing N2.3 trillion in TETFund between 2011 to date, organised by an Ad hoc Committee of the House of Representatives, said the tax accruable to the fund is generated by Federal Inland Revenue Service (FIRS) and the fund’s account is domiciled in the CBN.
Mr Echono said that some of the tax comes in foreign currencies to CBN, but when it is time to pay fees for scholars abroad, the apex bank insists TETFund source forex from other channels, making the fund lose value due to the disparity of the rates.
According to him, “We operate a system where our forex is being sold on our behalf at the official rate, and we apply like anybody else to get it, sometimes it leads to additional cost.”
He urged the committee to intervene and compel CBN to allow TETFund access to its forex to pay fees as and when due.
“Currently, as I speak, we are in consultations with all our stakeholders to suspend, for a year or two, foreign training.
“This is because of the recent exchange rate adjustments; we are unable to continue based on our disbursement guideline; the money we allocated in naira cannot cover the dollar requirement for training.
“Those who are currently there, we now need more naira to pay for the dollar that is required for their annual fees,” he said.
Mr Echono said that the fund had l identified courses where Nigerian universities have the competence and the right quality of faculty to run.
He said that the fund had earlier decided that only limited curses “where we do not have the capacity in our institutions will qualify for foreign sponsorship.”
The executive secretary announced that most training will now be done locally through experienced, first-generation universities as well in collaboration with other specialised universities here in Nigeria.
This, he said, will allow the fund to retain revenue to cope with the volatile exchange rate, which is now at the mercy of market forces.
Mr Echono raised worries that no fewer than 137 sponsored scholars have absconded from 40 institutions abroad.
He said that some scholars who are sent for foreign training to acquire higher qualifications have refused to return to Nigeria to serve.
He said that TETFund was working with other stakeholders on stringent measures to ensure this sharp practice is ended. One of which is the signing of a bond agreement.
“The scholar undertakes that you will come back, it is required that you have a guarantor, and in many cases, the guarantor has suffered undue hardship because when you disappear, we hold the guarantor to pay all the money expended on your behalf, but that has not been effective.
“We believe that in a system where we work with our embassies and the institutions, we can enforce the repayment for those who insist they will not come back.
“If they don’t, we will declare them persona non grata. We will write to the embassies, and they will make it available to those countries, and they will not be able to get jobs; they will be seen as fugitives of law from their countries,” he said.
Mr Echono called for the review of existing regulations to ensure that those who benefit from the TETFund programme must come back.
According to him, we are not against people looking for greener pastures but do so on your own, not our scholarship or through our sponsorship.
On the alleged missing N2.3 trillion, Mr Echono said that the revenue accrued to the fund within the period stood at N2.47 trillion.
He said that between 2011 to date, a total of N371.3 billion was borrowed by the Federal Government, and only N48 billion had been repaid.
Education
6,300 Benefit N1.7bn from Teachers’ Endwell Scheme in Oyo
By Modupe Gbadeyanka
Over N1.7 billion has been disbursed to about 6,300 teachers and next-of-kin between 2022 and 2026 under the Teachers’ Social Security Scheme (Endwell Scheme) in Oyo State.
The Endwell scheme was conceived at a time when retiring teachers were abandoned by all tiers of government, and many faced severe psychological and financial distress due to late payment of gratuities and pensions.
But since its inception about three decades ago, the initiative has become a dependable social security support for thousands in the state.
At the 14th state (Biennial) general meeting of the Nigeria Union of Teachers (NUT) held at the Teachers’ House, Oluyole Estate, Ibadan, the chairman of the Board of Trustees, Mr Obasola Elijah Olayiwola, reaffirmed the scheme’s solid financial footing and consistent fulfilment of obligations to members.
During the presentation of the management report, he said the rise in benefit payments reflects an increasing number of retiring teachers and a growing subscriber base, boosted by the recruitment of new teachers by Governor Seyi Makinde.
He assured members that the scheme remains financially disciplined, saying, “The Endwell Scheme continues to be a strong pillar of support for our teachers. The steady increase in beneficiaries underscores our commitment to protecting the welfare of those who serve in our classrooms.”
He added that the board will continue to strengthen investment strategies to maintain sustainable returns for contributors.
On his part, the chairman of NUT Oyo State chapter, Mr Raji Oladimeji Ismael, said the new financial data confirms that the Endwell Scheme has entered a new era of stability, strength, and relevance.
He stated that the scheme’s uninterrupted performance over the last three decades, without any record of financial collapse, demonstrates its resilience despite past scepticism and opposition.
“Today marks another milestone in the history of Endwell. The gloomy days are completely over. The scheme has weathered storms, survived doubt, and continues to wax stronger daily,” he said.
Mr Oladimeji reiterated that the scheme has consistently paid Non-Refundable Terminal Benefits (NRTB) and death-in-service compensation to members and families across the state for three decades.
He praised past and present management teams, particularly the current Board led by Comrade Obasola, for consolidating the scheme’s successes, also commending subscribers for their loyalty and prompt dues payment.
A major highlight of the event was the special recognition and honour bestowed on the founding fathers and early contributors who played pivotal roles in the creation and successful take-off of the Endwell Scheme.
Those honoured included Comrade Anusat Babatunde Amuda, Comrade Ibrahim Bolomope, Comrade Elijah Olu Abiala, Comrade Suleiman Adediran, Mr Tade Ipadeola, Mrs J. L. Latunji, and Mr Oladiti Oladapo.
The union described them as visionaries whose courage and foresight midwifed a scheme that has now become a lifeline for thousands of educators in Oyo State, urging newly recruited teachers to join the scheme, stressing that Endwell remains one of the most reliable and effective welfare mechanisms available to educators in Oyo State.
Education
2026 Akada Children’s Book Festival Holds May 23
By Aduragbemi Omiyale
The 2026 edition of Akada Children’s Book Festival (ACBF) will take place on Saturday, May 23, at Rugby School Nigeria, Eko Atlantic, Lagos.
A statement from the organisers disclosed that this event, in its eighth year, will offer families a chance to engage their kids in fun, learning, and imagination all in one vibrant space.
The theme is Big Dreams, Brave Stories, and will feature different activities designed to move beyond passive participation, giving children the opportunity to engage actively with stories, explore their creativity, and connect with books in ways that feel natural and exciting.
Some of the rich and engaging line-up of activities designed to immerse children, parents, and educators in an interactive literary experience include author-led book readings, author meet-and-greet sessions, storytime sessions, book chats, book exhibitions and signings, workshops for children, workshops for parents and educators, writing and illustration competition announcements, scrabble and chess tournaments, theme song competition, sip and paint sessions, STEM activities, sensory play experiences, drama, music, and dance performances, and prizes and book giveaways.
The book festival encourages children to embrace courage, creativity, and self-expression. Through stories of adventure, bravery, and self-discovery, kids are inspired to dream boldly, ask questions, and see themselves as active participants in their own journeys.
As a result, some original children’s titles by Nigerian authors have been curated for the event. They include Lumi Drives from London to Lagos by Pelumi Nubi, Sim Sim Goes to the Salon by Tonye Faloughi-Ekezie, Amang Goes to the Village by Namse Udosen, and What Happened on Thursday? A Nigerian Civil War Story by Ayo Oyeku.
These books reflect diverse experiences and cultural contexts, allowing children to see themselves in the stories while exploring new worlds through literature.
Education
Controversial Nursery School English Language Textbook Not Approved—Lagos Govt
By Modupe Gbadeyanka
The Lagos State government has stressed that it did not approve the use of the controversial nursery school English language textbook in public and private schools in the state.
A mother had come online to criticise an alleged inappropriate content in her child’s textbook. It was claimed that the publisher of the book threatened to sue the woman.
Reacting to the development, the Permanent Secretary in the Lagos State Ministry of Basic and Secondary Education, Mrs Abisola Dokunmu-Adegbite, said the “textbook is not among the approved and recommended instructional materials authorised for use in public, or approved private schools across the state.”
According to her, the ministry maintains a strict policy on the selection and approval of educational materials to ensure that all learning resources are age-appropriate, morally sound, and align with the educational standards and values of the state.
She stated that based on preliminary findings, the “school featured in the video is located somewhere in Ojo Local Government, Lagos State.”
“The name of the school and publisher have been identified for further investigation and appropriate actions. The public is hereby assured of qualitative foundational education for our children in the state,” the senior government official said in a statement on Tuesday.
Mrs Dokunmu-Adegbite reiterated that only government-approved textbooks and instructional materials are permitted for use in schools in Lagos State, advising school administrators, proprietors, and teachers “to adhere strictly to these guidelines to safeguard the moral and academic development of our learners.”
She assured parents, guardians, educators, and the general public that the state government will always work hard to ensure children get quality education.
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