Lagos Monarch Asks Government to Increase Funding to Education

Image
Increase Funding to Education

By Modupe Gbadeyanka

The Adeboruwa of Igbogbo, Lagos State, Oba Semiudeen Orimadegun Kasali, has appealed to the government to increase funding to education so as to develop the nation.

The Lagos monarch said this when he addressed newsmen over the weekend in Oyo State when he was honoured alongside some members of the University of Ibadan Alumni Association (UIAA), Oyo State branch.

The lawyer-turned traditional ruler also said apart from the government, parents, guardians and corporate organisations have roles to play if the educational sector must be better.

“I support the call for the government to increase funding for education and there is an internationally acceptable standard and we would urge the government to do more in that regard. I will continue to be an ambassador of the call that a large chunk of our budget should be allocated to education so that we can have an improved educational standard in the country.

“But, we know that government cannot do it alone, for instance, in my own little capacity in my domain, I have utilized every opportunity to mobilise resources for an improved education through construction of classrooms, award of scholarships to indigent students and we will continue to organise lectures to educate our wards on the dangers of joining bad companies and dangers of gangsterism in all ways,” Mr Kasali said.

The ceremony, which precisely took place on Saturday, September 11, 2021, in Ibadan, was held to recognise the old students for their various contributions to their field of endeavours.

Other recipients also echoed the thoughts of the monarch as they agreed that quality education would secure the future of Nigeria.

The Director of Program Operations, Children Community Services, New York, United States of America, Mr Rafiu Afolabi Laguda, in his submission, said parents need to train up their children to be independent, especially in their actions and decisions, lamenting that many students fell to the trap of joining cultism as a result of peer pressure.

Mr Laguda, a youth mentor and coach, who was honoured with the Worthy Ambassador Award, said getting the best of the country’s educational sector requires a collaborative effort from the government, parents, corporate organisations, and every other relevant stakeholder.

“The government is trying, parents need to support. When you talk about institutions abroad, it is not only government that is funding them. It is a collaborative effort.

“But in Nigeria, we tend to leave a bulk on the table of the government and we think that government is the superman to do everything and address all the problems.

“Parents, corporate institutions, government, all of us have roles to play in the educational development of our country.

‘On cultism and hooliganism, these are social vices driven by peer pressure. We all had the option and choice to join a cult group but we did not when we were in school,” he said.

“I know many youths who are well trained from home but who missed it when they got into campus. Parents must train up their children to be independent and learn to take independent decisions.

“Let them be accountable for whatever decision they take so that they know the task and responsibility ahead, let them know that they are always responsible for their actions and decisions,” Mr Laguda added.

In her remarks, the Permanent Secretary, Oyo State Ministry of Women Affairs, Community Development, Social and Poverty Alleviation, Mrs Christianah Abioye, described the honour as a rude shock as she was not aware that her efforts in the fields of social work were being monitored.

She assured that the Worthy Ambassador Award conferred on her will help her expand the scope of her work and facilitate opportunities for more youths, less privileged and vulnerable to be impacted through synergy with the UIAA and members of the community.

Mrs Abioye noted that government cannot handle all the issues facing the society alone but that some people have left everything in the hands of the government, adding “but it is not so. We need to come out as parents, elderly ones, brothers and sisters, teachers, neighbours, colleagues, we need to do it together. We need to change society.

“We need to let the children who are not finding it easy know that it is a matter of patience and time while also encouraging them to concentrate on their studies and or vocation and let them know that they will through that part achieve a lot more for themselves and the society at large,” she stated.

Other awardees at the event included the Sabiganna of Iganna, Oyo State, Oba Salau Azeez (Royal Ambassador Award), Dotun Sanusi (Outstanding Alumnus Award 2021) and Dr Fola Akinosun (Commendable Philanthropist Award), amongst others.

Share
Related Stories
Image
25-September-2023

Premiere Academy Student Emerges FCT’s Best Female Chess Player

By Aduragbemi Omiyale A student of Premiere Academy, Lugbe, Abuja, Miss Sonia Nwakanma, has retained her position as the Best Female Chess Player in the Federal Capital Territory (FCT) for the third year running. She clinched the latest accolade she first picked in 2021 at the prestigious Abuja Inter-School Chess Competition, rated by the World Chess Federation (FIDE) and the Chess Players Association of Nigeria (CPAN). Miss Nwakanma, who is a member of the 2023 graduating set of the school, attributed her achievement to her school’s robust in-house sports and personal development facilities that offer students opportunities to compete with

Image
23-October-2023

FG to Commence Student Loan Implementation January 2024

By Bliss Okperan The federal government has announced January 2024 as the commencement date for the student loan initiative. Speaking at the 29th National Economic Summit on Monday, President Bola Tinubu said the loan programme “must commence” in January 2024. Recall that the Permanent Secretary at the Ministry of Education, Mr Andrew Adejoh, had earlier said the implementation of the scheme would be in September 2023, but this date was missed by the government, which was yet to get all things in place. Business Post reports that President Tinubu signed the Student Loan Bill into law a few months ago.

Image
09-October-2023

Claudia Goldin Wins 2023 Economics Nobel Prize

By Adedapo Adesanya The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences to Claudia Goldin for having advanced our understanding of women’s labour market outcomes. She provided the first comprehensive account of women’s earnings and labour market participation through the centuries. Her research revealed the causes of change, as well as the main sources of the remaining gender gap. BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for having advanced our understanding of women’s labour

Image
04-October-2023

Bawendi, Brus, Ekimov Win 2023 Nobel Chemistry Prize

By Adedapo Adesanya The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2023 to three scientists — Moungi G. Bawendi, Louis E. Brus, and Alexei I. Ekimov for the discovery and synthesis of quantum dots. According to the announcement on Wednesday, the Nobel Laureates in Chemistry 2023 have succeeded in producing particles so small that their properties are determined by quantum phenomena. The particles, which are called quantum dots, are now of great importance in nanotechnology. “Quantum dots have many fascinating and unusual properties. Importantly, they have different colours depending on their size,” says

More Stories
Image
02-January-2019

Diamond Bank, Two Others Lose NSE CG Index Status

By Dipo Olowookere The Index Governance Committee of the Nigerian Stock Exchange (NSE) has removed three companies trading their shares on the exchange from the NSE Corporate Governance Index. The three affected companies are Diamond Bank, NEM Insurance and Continental Reinsurance and from Tuesday, January 1, 2019, they cease to be on the NSE CG Index. A statement issued by the management of the NSE explained that Diamond Bank and NEM Insurance lost their NSE CG Index status because of corporate governance issues. However, for Continental Reinsurance, it lost its status as a result of the firm’s application to voluntarily

Image
16-October-2021

NASD OTC Ends Week in Stalemate

By Adedapo Adesanya Trading activities on the floor of the NASD Over-the-Counter (OTC) Securities Exchange closed in a stalemate on Friday as the major performance indicators remained unchanged. As a result, the market capitalisation of the NASD OTC exchange closed flat at N616.99 billion while the NASD Unlisted Security Index (NSI) remained static at 746.80 points. Business Post reports that the unlisted securities market ended the session with no price gainer and price loser as share prices of all securities on the exchange maintained their previous day’s closing value. This is the first time the market was witnessing such a

Image
14-June-2019

Shareholders Okay N6.5bn for Recapitalisation of Wapic Insurance

By Modupe Gbadeyanka Shareholders of Wapic Insurance Plc have authorised the board of directors of the company to raise additional capital up to N6.5 billion so as to meet the new recapitalisation policy of the industry’s regulator, National Insurance Commission (NAICOM). On May 20, 2019, the agency issued a circular to insurance firms operating in Nigeria to raise their capital base within 13 months or lose their licences. This came months’ after NAICOM had cancelled its initial tier-based recapitalisation introduced last year. Stakeholders in the sector had kicked against the policy, which forced the regulator to dump the idea. In

Image
25-July-2019

Insurance Firms Must Submit Recapitalisation Plan August 20–NAICOM

By Dipo Olowookere The National Insurance Commission (NAICOM) has directed insurers and reinsurers operating in Nigeria to submit their recapitalisation plan on or before Tuesday, August 20, 2019. In a circular signed by Mr Pius Agboola, the Director in charge of Policy & Regulation Directorate at NAICOM, the insurance companies must in the plan categorically state their capital status based on an earlier circular issued in May 20, 2019, the the agency had announced a recapitalisation policy for the industry. The agency noted that this capital status would be based on the last Audited Financial Statements. It further said the

Image
24-March-2017

Manufacturers Fault CBN $2.83 Forex Disbursement Claims

By Modupe Gbadeyanka The Manufacturers Association of Nigeria (MAN) has picked holes in the claims by the Central Bank of Nigeria (CBN) that it made available $2.83 forex to them and others. President of the association, Mr Frank Udemba Jacobs, said such amount was never allocated to them. He said the apex bank should explain how it shared the $2.83 billion to beneficiaries in the past two months. Penultimate Thursday, the CBN, through its spokesman, Mr Isaac Okorafor, had disclosed that $2.83 billion was disbursed for utilisation in the critical sectors of the economy between December 2016 and January this

Image
02-June-2023

NDEP Pulls Down Unlisted Stock Exchange by 0.08%

By Adedapo Adesanya Niger Delta Exploration and Production (NDEP) Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 0.08 per cent on Thursday, June 1, rubbing off the gains posted by three other stocks on the platform. The share price of NDEP Plc went down by N9.09 to N245.05 per unit from the N254.14 per unit it closed a day earlier. As earlier stated, it suppressed the growth printed by the trio of FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing System (CSCS) Plc, and Acorn Petroleum Plc. FrieslandCampina Wamco Nigeria Plc grew by 20 Kobo to N70.20 per share from

Image
18-November-2019

Investors Transact N33.9bn Shares in 21,849 Deals on NSE

By Modupe Gbadeyanka The level of activity on the trading floor of the Nigerian Stock Exchange (NSE) improved last week when compared with the previous week despite the market opening for only four days. Last week, the market opened for four trading days as the federal government of Nigeria declared Monday, November 11, 2019 a public holiday to mark the Eid-Ul-Maulud celebrations. In the week, a total turnover of 2.1 billion shares worth N33.9 billion were transacted in 21,849 deals in contrast to a total of 2.1 billion shares valued at N18.4 billion traded the previous week in 16,778 deals.

Ad
Ad
Recent Stories
Image
01-December-2023

Obaseki Wishes Rema Speedy Recovery

By Bliss Okperan The Edo State Governor, Mr Godwin Obaseki, has wished Afrobeats singer, Divine Ikubor, popularly known as Rema, a speedy recovery. In a message via his X (formerly Twitter) handle on Thursday, the Governor said the people of Edo State, where the singer hails from, are proud of him and remain behind him every step of the way. “We are extremely proud of you and remain behind you every step of the way,” a part of his post read. Mr Obaseki said the remarkable achievements of the artiste “over the years fill us with immense pride and joy.”

Image
01-December-2023

Nigeria Customs Service Develops App to Automate Transire

By Bliss Okperan The Tincan Island Port (TCIP) Command of the Nigeria Customs Service (NCS) has created a mobile application to automate its bond and license unit, Transire. At the unveiling of the app on Thursday, the Customs Area Controller, Comptroller Dera Nnadi, said the need to automate the Bond and License Unit had become imperative for administrative and procedural ease of doing business in the command. Speaking at a sensitization program on the automation process, Mr Nnadi informed participants that the application was developed by Superintendent of Customs Samuel Bello, to reduce the volumes of documents being deployed in

Image
01-December-2023

Nasarawa Assembly Elects New Speaker, Deputy

By Bliss Okperan The Nasarawa State House of Assembly has announced its election of Danladi Jatau, representing Kokona West Constituency, as the new Speaker. The state parliament also disclosed on Friday that it now has a new Deputy Speaker, who is Mohammed Oyanki, the lawmaker representing Doma North Constituency. The election of the two principal officers of the legislative arm of the state followed the sacking of its former Speaker, Mr Ibrahim Abdullahi, by the Appeal Court sitting in Abuja on Tuesday. While the new Speaker is a member of the All Progressives Congress (APC), his deputy is a member

Image
01-December-2023

Nico Williams Signs Contract Extension With Athletic Bilbao

By Bliss Okperan A 21-year-old Spanish international winger, Nico Williams, has extended his current deal with Athletic Bilbao, which expires in June 2024, by three seasons. He agreed to remain with the Spanish football outfit until 2027, the La Liga club confirmed this action on Friday. Nico Williams, whose elder brother, Inaki Williams, also plays for Athletic Bilbao, scored nine goals in 43 games in all competitions for the club last season. He represented Spain in the last World Cup in Qatar, while his brother played for their home country, Ghana. The younger Williams has reportedly been targeted by league

Image
01-December-2023

12 LASTMA Officials Face Disciplinary Panel

By Bliss Okperan Twelve officials of the Lagos State Traffic Management Authority (LASTMA) have faced a disciplinary panel constituted to look into the allegations of unethical misconduct against them. The Acting General Manager of LASTMA Mr Olalekan Bakare Oki, confirmed on Thursday that the affected personnel of the agency could be dismissed or demoted if found guilty. He disclosed that the disciplinary panel was statutorily constituted with three Permanent Secretaries as guided by the Lagos State Civil Service Rules and Regulations. Mr Oki said one of the 12 persons was exonerated, while the others have been recommended for dismissal and

Image
01-December-2023

Nigeria Accepts OPEC 1.5mbpd 2024 Oil Output Quota

By Adedapo Adesanya Nigeria will accept and work with a production quota of 1.5 million barrels of crude oil per day in 2024 as the country aims to grow on the back of its oil resources, following a revision done by the Organisation of the Petroleum Exporting Countries and its allies, OPEC+. According to a statement issued by the Press and Public Relations unit of the Ministry of Petroleum Resources, Thursday’s meeting of the 23-man group addressed crucial aspects, including the completion of assessments by independent sources (IHS, Wood Mackenzie, and Rystad Energy) on the projected production levels for Angola,

Image
01-December-2023

Shettima Promises Better Environment For Private Sector

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

Image
01-December-2023

Five Crew Members Suffer Injuries in Military Plane Crash in Rivers

By Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

Image
01-December-2023

Angola May Exit OPEC Amid Quota Rift

By Adedapo Adesanya  Angola, one of Africa’s top crude oil producers and a key member of the Organisation of the Petroleum Exporting Countries (OPEC), has officially rejected the proposed production quota for the year 2024 and may even exit the group. This was signalled by Mr Diamantino Pedro Azevedo, Angola’s Minister of Energy and Mineral Resources, confirming the nation’s decision and indicating a divergence from OPEC’s suggested allocations for both member and non-member countries. The announcement was made during the 26th OPEC+ Meeting on Thursday, where the organisation proposed 1.11 million barrels of crude oil per day production quota for

Image
01-December-2023

Alternative Bank Introduces AltInvest Digital Investment Platform

By Bliss Okperan A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank. According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility. At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability. “These