Lagos, Others to Benefit from Korea, Nigeria Education Project

Image

By Sodeinde Temidayo David

The Nigerian government, in collaboration with the Republic of Korea through the Korea International Cooperation Agency (KOICA), has initiated a new project to further enhance multimedia learning and teaching in six States across the country.

This was contained in the newly signed project agreement which noted an estimated cost of $10.41 million to improve education, as Lagos, Anambra, Kano, Nasarawa, Bauchi, and Edo will benefit upon the completion of the project.

The project organized by the Korean Embassy in Abuja has been flagged in a five-plan to improve the learning environment and teaching capacity building in the education sector especially in the public primary and junior secondary schools from 2021 to 2025.

The five-year project plan, fully funded by the Korean Government will provide multimedia equipment, training of teachers and education officials and guidelines for the development of basic education in Nigeria.

Speaking on this new development, the Nigerian Minister of Education, Mr Adamu Adamu, noted that, Nigeria will effectively utilize the opportunity for the benefit of human development.

“Nigerian government will offer whatever assistance to the implementation of the project to ensure that it is a success and when the project is completed various schools will immensely contribute to the improvement of multimedia education in Nigeria,” he noted.

Signing the project on behalf of the federal government, the Executive Secretary of Universal Basic Education Commission (UBEB), Mr Hamid Bobboyi, commended the initiative and also expressed the country’s readiness to effectively utilize the facility to enhance the education system in Nigeria.

Giving his comments on the project, the KOICA Country Director, Mr Woochan Chan, expressed that the project is set to improve the importation of multimedia tools in teaching and learning in the classroom.

“Nigeria and Korea Model schools should play an important role to disseminate multimedia ICT education to all Nigerian federation under the leadership of Universal Basic Education plays like a locomotive to push the idea to all part of the country,” Mr Chan explained.

Share
Related Stories
Image
13-February-2024

NSIA Offers $220,000 Prize in Second Innovation Competition

By Adedapo Adesanya The Nigeria Sovereign Investment Authority (NSIA) has announced the launch of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize value of $220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The maiden edition of the NPI Programme recorded over 2,000 applications and a rigorous selection process, from which 25 start-ups proceeded to the accelerator phase. Following this, 10 finalists advanced to the demo day to pitch their refined solutions to a panel of seasoned entrepreneurs, innovators, and technology business leaders. The first three start-ups and seven

Image
09-February-2024

Airtel, Roducate Launch Data Bundle to Aid Exam Success

By Adedapo Adesanya  Airtel Nigeria has partnered with Roducate, a digital education platform provider, to launch the Airtel-Roducate Exam Success Bundle, an innovative mobile product that offers bundled data packages on the Airtel network, granting students affordable and convenient access to premium exam preparation resources via the Roducate digital education economy platform. The Airtel-Roducate Exam Success package provides a wealth of high-quality study materials, including tutorial videos, podcasts, study tasks, past questions, and mock exams. It also includes curated daily study guides which are tailored to facilitate students’ preparation for various national examinations, including JAMB/UTME, Common Entrance examinations into secondary

Image
23-January-2024

Student Loan: Tinubu Extends Scheme to Skill Development Programmes

By Adedapo Adesanya  President Bola Tinubu has directed the management of the newly constituted Nigeria Education Loan Fund (NELFUND) to expand its focus area to students interested in skill-development programmes. The President issued this directive after a briefing from the Executive Secretary of NELFUND, Mr Akintunde Sawyerr, on the build-up to the launch of the programme later in the month. Mr Tinubu said it was important for the scheme to accommodate those who may not want to pursue university education, noting that skill acquisition is as important as obtaining academic qualifications. “This is not an exclusive programme. It is catering

Image
26-February-2024

NECO Releases Results of 2023 SSCE External Candidates

By Modupe Gbadeyanka The results of the 2023 November/December Senior School Certificate Examination (SSCE) external candidates conducted by the National Examinations Council (NECO) have been released. The Registrar and chief executive of NECO, Professor Dantani Wushishi, who announced the release of the results at the NECO headquarters in Minna, Niger State, on Monday, disclosed that 67.35 per cent of candidates who sat for the exam scored five credits and above, including English Language and Mathematics. He disclosed that the results of more than 8,518 candidates were withheld for involvement in various forms of examination malpractices. Prof Wushishi also disclosed that

More Stories
Image
04-February-2021

IBEDC Distributes 10,000 Meters in Osun

By Adedapo Adesanya The Ibadan Electricity Distribution Company (IBEDC) has begun the official distribution of 10,000 prepaid meters to households across Osun State. The free meters distribution, which was launched under the National Mass Metering Programme (NMMP), kicked off from Aratumi Community, Ilesa Garage Area of Osogbo. At the launch, Mr Adewale Obajemu, IBEDC Head Metering, said the exercise was in tandem with the 2020 free meter distribution (metering programme) of the federal government to non-metered households across the country. Mr Obajemu said the distribution/metering was totally free and at no cost to their customers, adding that customers were not

Image
02-February-2019

Helicopter Carrying Osinbajo Crash Lands in Kogi

By Modupe Gbadeyanka A small plane conveying Nigeria’s Vice President, Mr Yemi Osinbajo, crash landed on Saturday in Kabba area of Kogi State. However, Mr Osinbajo is safe without any injury, Business Post learned. Spokesman of the Vice President, Mr Laolu Akande, confirmed this unfortunate incident on Saturday afternoon. “VP Osinbajo’s Chopper crash lands in Kabba, but he and the entire crew safe,” Mr Akande posted on his Twitter page. Mr Osinbajo has been visiting different states of the federation to canvass votes for President Muhammadu Buhari and himself for the presidential election taking place on the 16th of this

Image
10-April-2020

Market Gains N162bn as Traders Cherry-Pick Stocks

By Dipo Olowookere The last trading session of this week ended positive as investors continue to select some equities selling at very low prices at the market. At the close of Thursday’s session, the Nigerian Stock Exchange (NSE) appreciated by 1.47 percent, shrinking the year-to-date loss to 20.33 percent. The positive performance of the bourse was boosted by stocks in the banking, consumer goods, energy and insurance sectors as their respective performance indicators closed higher by 3.96 percent, 5.03 percent, 1.36 percent and 0.32 percent. Only the industrial goods counter closed bearish by 0.57 percent. Business Post reports that the

Image
29-September-2021

CAC Concludes Registration of NNPC Limited

By Aduragbemi Omiyale The registration of Nigerian National Petroleum Company (NNPC) Limited by the Corporate Affairs Commission (CAC) has been completed. Recall that last week, President Muhammadu Buhari had directed the Group Managing Director of the agency, Mr Mele Kyari, to begin the process of incorporating the organisation in accordance with the provisions of the Petroleum Industry Act (PIA) he signed into law on August 16, 2021. Section 53(1) of the law mandated the Minister of Petroleum Resources, who incidentally is Mr Buhari, to cause for the incorporation of the NNPC Limited within six months of the enactment of the

Image
20-April-2022

BOI Sets Up Team to Improve Industrial Energy Efficiency

By Adedapo Adesanya A six-member Project Investment Committee (PIC) aimed at improving Industrial Energy Efficiency (IEE), Resource Efficiency and Cleaner Production (RECP) through pragmatic and innovative approaches has been set up by the Bank of Industry (BOI). Members of the team inaugurated on Tuesday at the BOI office in Lagos included BOI, Manufacturers Association of Nigeria (MAN), United Nations Industrial Development Organisation (UNIDO), and Chartered Institute of Bankers Nigeria (CIBN). Others are the Federal Ministry of Trade and Investment (FMITI), and the Nigerian Investment Promotion Commission (NIPC). Speaking at the event, Mr Olukayode Pitan, Managing Director of BOI, said that

Image
10-October-2016

Yaro Appointed New BUA Sugar Refinery MD

By Dipo Olowookere Mr Ibrahim Yaro has been appointed as the new Managing Director for BUA Sugar Refinery, Lagos. Mr Yaro’s appointment was announced by BUA Group, the parent company of the sugar refinery. Until his appointment, Mr Yaro was the Director of Sales at BUA Sugar, Flour & Pasta businesses. With this appointment, he will oversee the day to day management of BUA Sugar as well as drive the next growth phase of the business. BUA Sugar is currently the only sugar producer in Nigeria with refineries in Lagos and Port Harcourt and combined production capacity of 1.44million metric

Image
28-June-2017

5 Funny Things Nigerians Who Loan Friends Money Can Relate With

By Adeniyi Ogunfowoke It is very easy to borrow money. There is absolutely nothing wrong with that. The problem is just to pay back. Many people will tell you that you should only give out the amount you can forego. Regardless, even trusted and reliable friends will refuse to pay back. Meanwhile, for those who borrow them this money, there are certain things that happen that they can relate with. Jumia Travel, the leading online travel agency, outline some of them. I do not have money to pay Some of them can be ruthless and tell you point blank, that

Image
12-August-2023

NGX All-Share Index Rises 0.18% to 65,325.37 points

By Dipo Olowookere Trading activities on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Friday, with investor sentiment remaining strong as a result of sustained bargain-hunting. This pushed the local stock market higher by 0.18 per cent at the close of transactions as investors mop up some mid and large-cap equities across the sectors. It was observed that the industrial goods space lost 0.05 per cent due to profit-taking in Lafarge Africa, as the consumer goods and the energy indices closed flat, while the insurance sector appreciated by 0.37 per cent and the banking counter gained 0.01

Ad
Ad
Recent Stories
Image
05-March-2024

Ghana’s Central Bank Suspends FX Trading Licence of First Bank

By Aduragbemi Omiyale The foreign exchange (FX) trading licence of FBN Bank Ghana Limited, a subsidiary of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has been suspended by the Bank of Ghana. A statement issued on Monday by Ghana’s central bank disclosed that its action was because of the bank’s fraudulent documentation in its forex operations. The country’s banking sector regulator also suspended the FX trading licence of GTBank Ghana Limited, a subsidiary of Nigeria’s GTCO Plc, the parent company of GTBank Limited for the same offence. The notice from the central bank disclosed that

Image
05-March-2024

Binance Exits Nigeria, to Convert Naira Balances to UDST

By Adedapo Adesanya Binance will discontinue all services for Nigeria’s fiat currency, the Naira, following the ongoing regulatory onslaught on the firm by the Nigerian authorities. The crypto exchange will automatically convert Naira balances to US Dollar Tether (USDT) from March 8 but will cease support for deposits after today. Withdrawals will become unsupported after March 8 by 12 noon Nigerian time, a statement sighted by Business Post confirmed. The conversion rate for automatic conversions will be pegged at N1,515.13 to 1 USDT, according to an announcement from the website. Other features, including Binance Convert, Binance P2P, the exchange’s Auto

Image
05-March-2024

Petrol, Electricity Subsidies Will Gulp 3% of Nigeria’s GDP—IMF

By Adedapo Adesanya The International Monetary Fund (IMF) has warned the Nigerian government the payment of subsidies on petrol and electricity could take up to 3 per cent of the country’s gross domestic product (GDP) in 2024. The IMF stated this in a statement released on Monday on the completion of its 2024 Article IV Mission to Nigeria. The lender said that the recent improvements in revenue collection and oil production are encouraging, as “low revenue mobilization constrains the government’s ability to respond to shocks and to promote long-term development.” But it emphasised that, “The capping of fuel pump prices

Image
05-March-2024

Deel Buys 100% Stake in African HR Solution Company PaySpace

By Adedapo Adesanya Global human resources company, Deel, has announced the acquisition of African-based payroll and HR solution company, PaySpace, for an undisclosed amount, in one of its largest acquisitions to date. By acquiring PaySpace, Deel will become the first global payroll and Employer of Record (EOR) with its full-stack payroll engine localized in 50 countries and integrated into its offering. PaySpace’s proprietary technology is a cloud-native framework built as a single engine. Its platform allows for easy configuration to add additional countries through localization. These localization projects normally take years to complete, but with PaySpace’s innovative technology, it can

Image
05-March-2024

Emotions Pour as Dignitaries Eulogise Late Herbert Wigwe

By Adedapo Adesanya  It was an emotional rollercoaster at the tribute event held on Monday night to celebrate the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe. Dignitaries from government, corporate organisations, and royalty paid tribute to the late titan who died alongside his wife, son, and a former group chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbajo, on February 9 in the United States. The event which was monitored by Business Post was divided into six segments – Young Hebert, the banker, the entrepreneur, the CEO, the builder and the ambassador. These personalities

Image
05-March-2024

Nigeria’s Economic Outlook is Challenging—IMF Declares

By Aduragbemi Omiyale The International Monetary Fund (IMF) has alerted that tough times await Nigerians, though it retained its gross domestic product (GDP) growth forecast for 2024 at 3.2 per cent. In a statement on the conclusion of the IMF Staff 2024 Article IV Mission to Nigeria, the global lender said the administration of President Bola Tinubu “inherited a difficult economic situation marked by low growth, low revenue collection, accelerating inflation, and external imbalances built up over years.” However, it praised the government’s approval of an effective and well-targeted social protection system, including the release of grains, seeds, and fertilizers,

Image
05-March-2024

Banks Involved in 70% of Economic Crimes in Nigeria—EFCC

By Aduragbemi Omiyale Nearly 70 per cent of financial crimes in Nigeria have the involvement of banks, the Economic and Financial Crimes Commission (EFCC) has claimed. “Broadly speaking, banking fraud in Nigeria is both inside and outside related. “The inside related fraud comprises outright selling of customers’ deposits, authorising loan facilities, forgery and several other kinds of unhealthy and criminal practices,” the chairman of EFCC, Mr Ola Olukoyede, said while speaking at the Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria held in Abuja. The EFCC boss, represented by the agency’s Director

Image
05-March-2024

Nigerian Air Force Airstrikes Hit Two Illegal Refineries in Rivers

By Adedapo Adesanya The Nigerian Air Force component of Operation Delta Safe, through airstrikes destroyed two illegal oil refining sites in Krakama and Temakiri, Degema Local Government Area of Rivers State, in continuation of efforts to stamp out the activities of crude oil thieves and oil pipeline vandals in the country. This was disclosed by the Director of Public Relations and Information, Nigerian Air Force, Mr Edward Gabkwet, an Air Vice Marshal, saying the illegal oil refining sites were observed actively operating with Cotonou boats sighted nearby with the probable intent to illegally siphon crude oil from the sites. Mr

Image
05-March-2024

NGX Remains Catalyst for Economic Growth—Chiemeka

By Aduragbemi Omiyale The acting chief executive of the Nigerian Exchange (NGX) Limited, Mr Jude Chiemeka, has described the bourse as a catalyst for economic growth and development. He said this at the listing of 7.5 billion ordinary shares of Transcorp Power Plc at N240 per unit at the exchange on Monday. The energy firm raised the market capitalisation of the trading platform by N1.8 trillion yesterday. According to him, the inclusion of Transcorp Power into the NGX, the first listing of the year, underscored the pivotal role the bourse plays in shaping Nigeria’s economic landscape. He added that NGX

Image
05-March-2024

Dangote Renames Lagos Refinery Road After Herbert Wigwe

By Modupe Gbadeyanka The road to the Dangote Refinery in the Lekki area of Lagos State has been renamed after the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe. This development was announced on Monday night by the owner of the oil facility, Mr Aliko Dangote, during the Celebrating Herbert Wigwe’s Professional Legacy, who said this gesture was to immortalise his friend. The Nigerian billionaire businessman and the richest black man on earth, in an emotional tribute to the late banker, who died in a helicopter crash in the United States on February 9, 2024, along with