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
Oriire Abduction: Oyo NUT Suspends Strike, Directs Teachers to Resume
By Modupe Gbadeyanka
Teachers in Oyo State have been directed to resume work from Thursday, July 2, 2026, by the state’s chapter of the Nigeria Union of Teachers (NUT).
Public school teachers earlier withdrew their services in the state following the abduction of their colleagues and pupils in the Oriire local government area of Oyo State by some terrorists almost two months ago.
In a statement on Wednesday, July 1, 2026, signed by the union’s scribe in Oyo State, Mr Olukayode Salami, it was disclosed that the industrial action by the teachers was suspended after “renewed engagements with the state government and assurances over measures to improve security after the abduction of teachers and learners in Oriire Local Government Area.”
In the statement also signed by its Oyo State Chairman, Mr Hassan Ajibola Fatai, the group announced that the suspension followed a directive from its national leadership after reviewing the prevailing security situation and considering appeals by the Oyo State Government and other key stakeholders.
It directed all public primary and secondary school teachers across the state to resume official duties from Thursday, July 2, 2026, bringing an end to the industrial action that was declared in response to the kidnapping of teachers and students in Oriire Local Government Area.
According to the statement, the decision was taken in the collective interest of teachers, learners and the general public after the government assured the union that sustained efforts were underway to secure the safe release of the abducted victims and strengthen security around schools and surrounding communities.
The association further disclosed that the government had made several commitments aimed at preventing future attacks, including intensified rescue efforts for the abducted teachers and learners, the establishment of a well-equipped Joint Security Task Force to patrol vulnerable schools and access routes, continuous engagement with affected families, psychosocial support and rehabilitation for rescued victims, and payment of gratuities and other entitlements to the families of deceased teachers.
Other commitments include strengthening the Safe School Initiative through public sensitisation and early warning systems, improving emergency response mechanisms, addressing criminal hideouts, upgrading school infrastructure, tackling illegal mining and open grazing in forest reserves, enhancing community intelligence gathering, ensuring speedy prosecution of criminal suspects, improving the welfare of security personnel, and deploying technology to bolster school security.
Oyo NUT commended its members, as well as the All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS) and the Association of Primary School Head Teachers of Nigeria (AOPSHON), for their discipline, solidarity and compliance throughout the period of the industrial action, describing their support as instrumental in advancing the welfare and security of teachers and learners.
While directing members to return to the classrooms, the union urged teachers to remain vigilant, obey the law and promptly report any security threats within their schools and communities to the appropriate authorities.
The NUT reaffirmed its commitment to protecting the welfare and security of teachers, stressing that it would continue engaging the government until all outstanding concerns regarding the safety of teachers and students are fully addressed.
Education
Rite Foods, JAMB to Reward Seven Outstanding Undergraduates with N35m
By Adedapo Adesanya
Nigerian food and beverage company, Rite Foods Limited, has partnered with the Joint Admissions and Matriculation Board (JAMB) to reward seven exceptional Nigerian undergraduates with a total of N35 million in recognition of their outstanding academic performance during the 2025 admission exercise.
The seven beneficiaries, who emerged through a transparent and merit-based selection process coordinated by JAMB, will each receive N5 million at the maiden edition of the Academic Excellence Recognition Award Ceremony, scheduled to hold on Tuesday, June 30, in Lagos.
Announcing the initiative, JAMB’s Public Communication Adviser, Mr Fabian Benjamin, said the award celebrates students who distinguished themselves through exceptional performance in both the 2025 Unified Tertiary Matriculation Examination (UTME) and their respective Post-UTME or institutional screening exercises.
“The seven beneficiaries will each receive N5 million in recognition of their exceptional academic performance. This partnership with Rite Foods reflects our shared commitment to rewarding merit, promoting academic excellence, and inspiring young Nigerians to pursue excellence in their educational journey,” Mr Benjamin said.
Speaking on the partnership, the Head of Corporate Affairs and Sustainability at Rite Foods Limited, Mr Ekuma Eze, said the company remains committed to investing in initiatives that recognise excellence and empower the next generation of leaders.
“At Rite Foods, we believe excellence should be celebrated and encouraged. Through this partnership with JAMB, we are proud to reward these exceptional students and reinforce the message that hard work, discipline, and excellence will always be recognised. Beyond producing quality brands, we are committed to creating opportunities that inspire young Nigerians to achieve their full potential,” he said.
The award recipients represent Nigeria’s six geopolitical zones, while the seventh award will be presented to the highest-performing admitted candidate living with a disability, reflecting the initiative’s commitment to merit, inclusion, and national development.
The ceremony is expected to bring together the Minister of Education, the outgoing JAMB Registrar, Professor Is-haq Oloyede, vice-chancellors, heads of regulatory agencies, education stakeholders, corporate leaders, students, and members of the media.
Education
Tinubu Renames PTDF College After Shehu Musa Yar’Adua
By Adedapo Adesanya
President Bola Tinubu has approved the renaming of the Petroleum Technology Development Fund (PTDF) College of Petroleum and Energy Studies, Kaduna, in honour of the late statesman, General Shehu Musa Yar’Adua, in a move aimed at preserving his legacy while strengthening Nigeria’s specialised energy education framework.
The PTDF announced that, following a presidential directive, the institution will now be known as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.
In a statement, the Fund said the renaming reflects the federal government’s recognition of Yar’Adua’s contributions to national unity and Nigeria’s democratic evolution.
The late statesman, who died in 1997, was a prominent Nigerian soldier, politician, and businessman. He served as the Chief of Staff, Supreme Headquarters, under General Olusegun Obasanjo’s military administration from 1977 to 1979. He was the elder brother of former Nigerian President Umaru Musa Yar’Adua.
“This historic renaming honours the enduring legacy of the late statesman, General Shehu Musa Yar’Adua, celebrating his profound contributions to national unity and the democratic journey of Nigeria,” the PTDF stated.
The institution, established to develop high-level manpower and technical expertise for Nigeria’s petroleum and energy industries, is expected to continue its academic and research activities without disruption despite the name change.
According to the PTDF, the university will maintain its focus on delivering advanced education, research and technology-driven solutions for the country’s oil, gas and emerging renewable energy sectors.
“The institution remains firmly committed to its mandate of delivering world-class research, specialised training, and cutting-edge engineering technology solutions to power Nigeria’s oil, gas, and renewable energy sectors,” the statement added.
The Fund further assured students, academic partners, industry stakeholders and development institutions that all existing programmes, collaborations and operational activities would continue seamlessly under the university’s new identity.
“All ongoing academic programs, partnerships, and operations continue uninterrupted under this new institutional identity,” PTDF said.
The renaming comes as Nigeria intensifies efforts to build local capacity and technical expertise to support energy transition goals, deepen indigenous participation in the petroleum industry and strengthen research-driven innovation across the energy value chain.
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