Education
Ifeoluwa Abiodun Wins 2016 NSE Essay Competition
By Modupe Gbadeyanka
A winner has emerged in the 2016 edition of the Nigerian Stock Exchange (NSE) Essay Competition for Senior Secondary Schools students in Nigeria.
Miss Ifeoluwa Toluwanimi Abiodun, a 14 year old student of Babington Macauley Junior Seminary, Ikorodu, Lagos State, was announced winner of the competition.
She clinched the first position at the award ceremony, held at the Civic Centre on Thursday, November 24, 2016, ahead of over 7,400 participants across the country, winning N500,000 in scholarship fund for university education, N250,000 worth of equity investment and a laptop. Her school was also rewarded with three desktop computers and a printer.
Udeaja Nneoma of Sacred Hearts College, Apapa, Lagos and Gbenjo Olasubomi Victoria of Good Shepherd Schools, Meiran, Lagos emerged first and second runner-ups respectively.
The three students were also honoured with a Closing Gong ceremony at the stock exchange.
The NSE Essay Competition is one of NSE’s financial literacy and inclusion initiatives aimed at bridging the gap between classroom learning and practical knowledge required for long-term personal financial planning.
It serves as an essential platform to get the perspectives of our young ones on key challenges relating to financial literacy and inclusion in Nigeria. The competition’s overall goal is to develop a culture of wealth creation amongst our youth towards “Building a Financially Savvy Generation”.
Speaking at the event, Chief Executive Officer of NSE, Mr Oscar Onyema, noted that the exchange has implemented and supported a number of programmes in line with the National Financial Literacy Framework (NFLF), which contribute to raising the level of financial literacy in Nigeria.
“To date, we have executed over 200 free capacity building workshops, aimed at enhancing investor understanding of the basics of investing. The multiplier effect of these workshops is phenomenal, as approximately 16,000 retail investors from the grassroots can now make better investment decisions,” he said.
“Improving financial literacy is at the core of what we do at the NSE because we recognize that the ability to make well-informed financial decisions plays an important part in the capacity of individuals to manage financial matters well, a factor that can have either a negative or positive ripple effect on the economy.
“I am proud to say that with the NSE Essay Competition, we have established a strong foundation for improving the financial literacy and capability of Nigerians.
“Through this competition, we have been able to promote financial literacy among young Nigerians, by encouraging them to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy,” Mr Onyema added.
According to him, the NSE, in the past 16 years, has through this laudable initiative impacted the lives of many Nigerian youths in various secondary schools positively.
“We have been able to inspire over 37,000 young people in more than 7,000 schools across Nigeria to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy,” he said.
The keynote speaker, Mrs Modupe Mujota, who is the Lagos State Commissioner of Education, Science and Technology, noted in her speech that the youth are the trustees of prosperity and the greatest asset bequeathed to any nation.
She advocated for a conscientious effort to ensure proper mentoring is done to achieve the requisite paradigm shifts per time.
Mrs Mujota commended the Exchange for the essay competition initiative and call on other financial associations to emulate the Exchange by organising related programmes that could assist our youth to embrace sound financial practices.
A life coach, Mr Lanre Olusola, advised the students to be focused and not be distracted from achieving their core goals in life.
“No matter what your dream is without sight you will not reach the goal”, he said.
This year’s competition was sponsored by Access Bank Plc, Presco Plc, Nigerian Breweries Plc, Rand Merchant Bank, FBN Holdings, UTC Nigeria, Mobil Oil and Ruff n Tumble.
By Modupe Gbadeyanka
No fewer than 60 students from the host communities of Dangote Granite Mines in Ijebu-Igbo have received bursary awards in a bid to improve access to education in the area.
The beneficiaries were awarded the financial aid over the weekend by the company at a ceremony attended by monarchs, community leaders and others from the vicinity.
Dangote Granite Mines, a subsidiary of Dangote Industries Limited (DIL), said it gave out the bursary to cement its commitment to educational advancement and sustainable community development.
The beneficiaries, comprising 40 tertiary institution students and 20 secondary school students, were selected from the four host communities of Ayebandele, Olorunmodu, Saliu Babarisi and Idi Omo under the company’s annual education support programme.
The General Manager of Community Relations at Dangote Granite Mines, Mr Joseph Alabi, described the bursary scheme as one of the organisation’s most impactful investments in the future of its host communities.
According to him, education remains a powerful catalyst for individual and societal advancement, making it imperative for corporate organisations to support young people in achieving their academic aspirations.
“Every year, we are delighted to support brilliant and deserving students from our host communities because we recognise that education is the foundation of sustainable development.
“These beneficiaries represent the next generation of leaders, professionals and change-makers who will contribute meaningfully to society,” Mr Alabi said.
He highlighted several interventions undertaken by the company over the years, including classroom rehabilitation, donation of school furniture, healthcare support initiatives and the provision of potable water through solar-powered boreholes.
“Our commitment extends beyond annual bursaries. We have consistently implemented projects that improve access to education, healthcare and other essential services. Our goal is to ensure that our operations create lasting value and tangible benefits for our host communities,” he stated.
Commending the initiative, the Sopinlukale of Oke-Sopin, Ijebu-Igbo, Mr Mufutau Adesesan Yusuf, lauded Dangote Granite Mines for its longstanding dedication to community development and educational empowerment.
“For more than a decade, Dangote Granite Mines has consistently fulfilled its commitments to our communities through meaningful and impactful interventions. The annual bursary programme has become a source of hope and encouragement for many families, enabling students to pursue their educational ambitions,” the monarch said.
Some of the student beneficiaries expressed appreciation to the firm for the annual gesture, promising not to disappoint the company but to continue to display academic excellence that earned them the awards.
By Adedapo Adesanya
The federal government has suspended the proposed review of registration fees for the 2027 West African Senior School Certificate Examination (WASSCE) and the National Examinations Council (NECO) Senior School Certificate Examination (SSCE).
The Federal Ministry of Education made the announcement on Monday in a statement signed by the Director of Press and Public Relations, Mrs Boriowo Folasade.
The ministry announced that the letter conveying the proposed fee adjustment, dated June 18, 2026, has been withdrawn to allow for a comprehensive review and broader consultations with all relevant stakeholders before a final decision is taken.
The Minister of Education, Mr Tunji Alausa, directed that the proposal be placed on hold, with the Ministry acknowledging the concerns and constructive feedback received from the public since the planned increase became known.
The Ministry said the proposed fee review was driven by rising operational costs that have accumulated over several years without a corresponding adjustment to examination registration fees.
It said the current fees have remained largely unchanged for several years despite significant increases in costs covering logistics, security, printing of examination materials, technology deployment, quality assurance and other services required to maintain the integrity of public examinations.
“The proposed review was informed by the prevailing economic realities and the rising cost of conducting credible national examinations,” the statement said.
“The current examination registration fees have remained largely unchanged for several years despite significant increases in operational costs,” the Ministry added.
The ministry said the proposed fee hike will no longer take effect as earlier planned, while acknowledging that the concerns raised by Nigerians warranted a pause in the process.
“The proposed review of examination registration fees will not take effect, as earlier communicated, pending the conclusion of the consultation process,” the statement confirmed, adding that the June 18 letter conveying the proposed adjustment has been formally withdrawn.
“This decision underscores the Ministry’s determination to ensure that policies affecting millions of Nigerian students and their families are carefully considered, socially responsive and reflect the collective interest of the nation,” it said.
The Ministry outlined a fresh stakeholder engagement process that must be concluded before any decision on examination fees is made, signalling that the review has been delayed rather than permanently shelved.
The Ministry said it will engage extensively with examination bodies, state ministries of education, school proprietors and administrators, parents’ associations, organised labour and other education stakeholders as part of the renewed consultation process.
It said the goal of the consultation is to ensure that any future decision is “fair, sustainable, transparent and responsive to prevailing realities while safeguarding access to education,” framing the suspension as a course correction rather than an outright reversal of policy intent.
“The Ministry acknowledges the concerns and constructive feedback received from the public and appreciates the keen interest shown by Nigerians in matters relating to access to quality education,” the statement read.
The Ministry assured Nigerians it would keep the public fully informed throughout the consultation process, saying the welfare of students and equitable access to quality education “remain at the heart of the Renewed Hope Agenda of President Bola Ahmed Tinubu for the education sector.”
By Modupe Gbadeyanka
The examination fees of Senior School Certificate Examinations (SSCE) conducted by the West African Examinations Council (WAEC) and the National Examinations Council (NECO) have been increased by the federal government by about 82 per cent to N50,000 from N27,500.
A circular signed by the Director of Senior Secondary Education in the Federal Ministry of Education, Mr Adeniji Ibrahim, disclosed that the new fees would become effective in 2027.
In the notice, it was disclosed that the government approved the upward review of the fees following a request by WAEC.
It was further disclosed that the decision to jack up the fees was reached after a March 31, 2026, meeting between the Minister of Education and examination bodies, where the need to review examination fees was discussed.
“You may recall that at a meeting of examination bodies held with the Minister of Education on March 31, 2026, where the need for upward review of examination fees was discussed, the Minister directed that WAEC and NECO should adopt a uniform fee for the conduct of WAEC and NECO SSCE,” the statement read.
“Consequently, I am directed to convey the Minister of Education’s approval of the sum of N50,000 only, as the new examination fee per candidate, with effect from NECO SSCE (Internal), 2027,” it added.
