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LAUTECH Will be Envy of Other Nigerian Universities—Aregbesola Boasts

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By Dipo Olowookere

Governor of Oyo State, Mr Abiola Ajimobi and his Osun State counterpart, Mr Rauf Aregbesola, have lamented the non-resumption of academic activities at the Ladoke Akintola University of Technology, Ogbomoso, in spite of their spirited efforts to restore normalcy.

The owner-states governors bared their minds during the submission of the report of the Chief Wole Olanipekun (SAN)-led visitation panel, set up over the crisis rocking the university, at the Governor’s Office, Ibadan, on Friday.

Also at the event were the Pro-Chancellor and Chairman of the institution’s Governing Council, Prof. Wale Omole; Vice Chancellor, Prof. Adeniyi Gbadegesin, and others members of the governing council and the visitation panel.

The panel was set up in October, last year, to chart a fresh path forward for the institution, which had been thrown into crisis for more than eight months due to the industrial action embarked upon by its academic and non-academic staff.

Although the school was reopened by the management on January 27 following the injection of over half a billion naira by Oyo and Osun States, the institution’s branch of the Academic Staff Union of Universities (ASUU) had refused to return to classes citing unresolved issues with the management.

Mr Ajimobi commended the panel for what he called a thorough and in-depth job done, assuring the panel of full implementation of the recommendations.

He, however, harped on the need for the collaboration of corporate bodies and individuals to set up a trust fund for the funding of the institution giving the pervading reality of paucity of funds in the country.

The Governor said, “Awolowo was a realist and he saw the need to finance education while alive. He also had the resources to apply to the vision then and we all benefitted from his gesture. Today, oil revenue, which is the mainstay of sustaining education funding through federal allocation, had dropped.

“Oyo State that used to get N5.2billion as monthly allocation now gets as low as N2.5billion and we have to pay salaries of workers and finance social infrastructure. How do we survive that without looking inward?

“The reality on the ground requires that we look at different ways of doing things. There is need for repositioning of the university, especially on the structure. The non-resumption of academic activities after our (governors) efforts is worrying.

“LAUTECH should be the flagship of the South-West. There is nothing wrong in the whole South-West states buying into the ownership, relying on the internally-generated revenue from the school alone cannot help.”

On his part, Mr Aregbesola said the whole crisis was regrettable, but inevitable having been allegedly brought about by a sharp drop in the states’ financial power, occasioned by the crash of petroleum price in the world market.

He disclosed that the next assignment would be to set up a Technical Implementation Committee that would draw up a white paper from the report of the visitation panel.

Mr Aregbesola said, “The whole situation is regrettable, but I’m of the opinion that the academic staff and students of the university are not unaware of the present financial challenges facing the states, which culminated from the drop in our monthly federal allocation.

“We are happy the panel has done a marvellous job and the next step is for the two states to put up a technical implementation committee that would work on a white paper from the visitation panel’s report.”

The chairman of the panel said the panacea to the crisis bedevilling the academic institution was the establishment of a trust fund and strategic funding by the owner-states governments in the form of subvention.

Mr Olanipekun said it was a well-known fact that throughout the world, funding of university education did not rest squarely on government, but with support from corporate individuals and bodies in the form of trust fund.

He said, “Government alone is incapable of funding university education. Talk of great universities all over the world, you will talk of Harvard. The budget of Harvard University is more than that of Nigeria.

“How did they come about this? It is through trust fund and we are also recommending same as a solution to the funding crisis of LAUTECH. Maybe Nigerian universities would start to learn from LAUTECH if our recommendations are implemented.

“But, we are recommending that for now the university need money; the immediate thing is for the university to reopen. It has been out of session for eight months.

“Therefore, we are recommending that for now, the university must be given some subvention for it to reopen in the short term and after that the implementation of the other steps and recommendations could be also followed.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Education

Hallos Launches Learning247 Summit

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Hallos

By Adedapo Adesanya

Live-learning and creator-economy platform, Hallos, as part of its expansion drive, has unveiled plans to equip millions of youths and women with digital skills and monetisation opportunities through the Learning247 Hallos Summit, aimed at integrating Nigeria’s South-East into the rapidly expanding global creator economy.

At a sensitisation and stakeholder engagement forum in Enugu, the organisation also called for stronger strategic partnerships with government agencies, educational institutions, development organisations, media houses and private-sector stakeholders to advance the creator economy as a credible engine for mass employment, youth prosperity and inclusive economic growth.

The chief executive of Hallos, Mr Alexander Oseji Uzoma, renewed the call for increased investment in internet penetration, reliable power supply, digital infrastructure, creative studios and youth-focused innovation hubs across Nigeria, especially the South-East.

Describing the creator economy as one of the most accessible and scalable employment frontiers globally, he noted that with basic tools such as a smartphone, internet access and creative skills, young people can build audiences, monetise knowledge and generate sustainable income without heavy capital investment or long career pathways.

According to Mr Uzoma, the creator economy offers low-barrier entry into diverse professions, including content creation, social media influencing, live tutoring and digital coaching, video production, podcasting, graphic design, music and performance arts, digital marketing, merchandise design, e-commerce and community management. These activities support a broader value chain spanning production, distribution, technology and management.

The Hallos co-founder also explained that global projections place the creator economy in the hundreds of billions of dollars, with millions of creators worldwide earning sustainable incomes, stressing that Hallos is focused on localising these opportunities to ensure African youths can participate meaningfully and compete globally.

He further noted that Hallos operates a live-learning and creator-focused platform that integrates education, gamified quizzes, merchandising and voluntary fan donations into a single ecosystem. Through the platform, creators can host live learning sessions and masterclasses, earn from quizzes and challenges, sell branded merchandise, receive voluntary donations, build communities around their expertise and organise monetisable podcasts.

Mr Uzoma said the creator economy, driven by social media platforms, streaming services, digital commerce and content monetisation tools, has evolved into a major global industry capable of generating wealth, creating jobs and expanding export earnings.

He stressed that social media should no longer be viewed as a recreational space but as a viable business environment for wealth creation.

“The focus should not just be on content creation alone but on building businesses around content. It is about value creation and structured digital entrepreneurship,” he said.

He disclosed that Hallos intends to reach about 10 million youths nationwide, with over 5,000 already engaged across its programmes, while placing strong emphasis on bridging the gender gap by empowering women and girls through targeted digital training, mentorship and access to monetisation platforms.

As the digital economy continues to expand, Hallos said the creator economy stands out as a practical and scalable solution to youth unemployment, offering low entry barriers and global earning potential.

The company reaffirmed its commitment to bridging the gap between talent and income, enabling young Africans to earn well above minimum wage through creativity, knowledge and structured participation in the global digital economy.

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Education

Bayero University PG Students to Enjoy Dangote’s N1.5bn Scholarship

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Dangote Foundation Bayero University

By Modupe Gbadeyanka

Post-graduate students of Bayero University Kano (BUK) will benefit from a scholarship worth about N1.5 billion from the Aliko Dangote Foundation (ADF).

The businessman put down the funds to support eligible MBA, entrepreneurship, and management postgraduate students of the institution under an initiative known as MHF Dangote Graduate Business Scholarship.

At a ceremony on Tuesday, the foundation and the school signed a Memorandum of Understanding (MoU) at the auditorium of the Dangote Business School, Kano.

The deal is to provide N300 million annually over five years as scholarship awards to the beneficiaries, who will receive N150,000 each per session, beginning with the 2024/25 academic session. This is equivalent to 50 per cent of the current N300,000 fee paid by the post-graduate students. There are 1,225 students in the Business School (696 fresh and 529 returning students).

One of the beneficiaries, Mr Khalid Bababubu, who is into manufacturing and specialises in MBA, Finance and Investment, thanked the organisation for the gesture.

“We are happy to be beneficiaries of this initiative. Education is the bedrock of national development, and we will not take this scholarship for granted,” he said.

A representative of ADF, Ms Mariya Aliko Dangote, said, “Our vision at the Foundation is to build human capital that translates into economic opportunity.

“Strengthening business and entrepreneurship education is critical to turning knowledge into enterprise, innovation, and jobs. This scholarship deepens our commitment to Dangote Business School by investing directly in the next generation of business leaders and change-makers.”

On his part, the Vice Chancellor of Bayero University Kano, Prof. Haruna Musa, said, “This support comes at a critical time for many families. Beyond financial relief, it strengthens the Business School’s role as a centre for developing entrepreneurial and management talent, particularly for women who are increasingly taking leadership roles in enterprise.”

It was explained that newly admitted students will receive automatic tuition reductions during registration, and returning students who have already paid in full will receive rebates. The N300 million allocation is structured to cover all eligible postgraduate students based on current enrolment capacity.

Any unutilised balance in the first year will be retained within the Dangote Business School development envelope to strengthen learning infrastructure and digital academic capacity, ensuring continued enhancement of the academic environment.

The MHF Dangote Graduate Business Scholarship is distinct from ADF’s recently announced nationwide STEM education interventions.

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Education

Entries for InterswitchSPAK 8.0 Begin, Over N40m up for Grabs

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Entries for InterswitchSPAK 8.0

By Aduragbemi Omiyale

Senior secondary school students across Nigeria have been invited to apply and demonstrate their academic excellence on a national stage in the eighth edition of the prestigious national science competition known as InterswitchSPAK.

The contest is organised by Interswitch, Africa’s leading technology company focused on creating solutions that enable individuals and communities prosper.

Registration for InterswitchSPAK 8.0 via www.interswitchspak.com has opened and will close on Friday, May 24, 2026. For the first time, in addition to group registrations through schools, parents can also register their individual children for the competition.

This year’s edition features a scholarship pool exceeding N40 million, with Interswitch expanding the prize structure to ensure broader impact.

The overall winner will receive a N15 million tertiary scholarship, including monthly stipends. The first runner-up will be awarded a N10 million scholarship, including monthly stipends; while the second runner-up will receive a N5 million scholarship, also including monthly stipends. All scholarships are payable over 5 years. Also, the top 9 finalists will all receive brand new laptops and other exciting prizes.

In addition to the top prizes, Season 8 introduces enhanced rewards for student finalists ranked 4th to 9th, as well as increased recognition for teachers supporting qualifying students from 1st to 9th place. This expanded structure reinforces Interswitch’s commitment to rewarding academic excellence and recognising the critical role educators play in shaping student success.

“At Interswitch, we strongly believe that Nigeria’s future will be shaped by how well we nurture today’s young minds. InterswitchSPAK goes beyond competition; it is a long-term commitment to empowering students and supporting teachers who are laying the foundation for innovation, problem-solving, and national development.

“As we launch Season 8, we remain focused on creating opportunity, rewarding merit, and inspiring excellence across Nigeria,” the Executive Vice President for Group Marketing and Communications at Interswitch, Ms Cherry Eromosele, said.

Designed to empower young minds in the Science, Technology, Engineering, and Mathematics (STEM) areas, InterswitchSPAK identifies, nurtures, and rewards students while equipping them with the skills and knowledge required to excel in STEM fields and drive innovation.

Over the past seven seasons, InterswitchSPAK has positively impacted thousands of students across the country, offering full university scholarships, mentorship opportunities, and national recognition for outstanding academic performance.

Beyond these rewards, the programme has consistently reinforced the importance of STEM education as a critical driver of innovation, problem-solving, and sustainable national development.

Through a transparent, technology-enabled selection process, InterswitchSPAK has also promoted educational equity by providing students from diverse socio-economic backgrounds with equal access to opportunity, ensuring that performance and merit remain central to success.

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