Education
Mokyr, Aghion, Howitt Clinch 2025 Economics Nobel Prize
By Adedapo Adesanya
The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to the trio of Joel Mokyr, Philippe Aghion and Peter Howitt.
Announcing the winners on Monday, the Royal Swedish Academy of Sciences, which decides recipients of the award, said this year’s laureates were awarded “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”
It noted for the first time over the last two centuries, the world has seen sustained economic growth.
“This has lifted vast numbers of people out of poverty and laid the foundation of our prosperity,” a statement said, adding that “technology advances rapidly and affects us all, with new products and production methods replacing old ones in a never-ending cycle. This is the basis for sustained economic growth, which results in a better standard of living, health and quality of life for people around the globe.”
Joel Mokyr used historical sources as one means to uncover the causes of sustained growth becoming the new normal, while Philippe Aghion and Peter Howitt also studied the mechanisms behind sustained growth. In an article from 1992, they constructed a mathematical model for what is called creative destruction: when a new and better product enters the market, the companies selling the older products lose out. The innovation represents something new and is thus creative. However, it is also destructive, as the company whose technology becomes passé is outcompeted.
The Nobel committee noted that in different ways, the laureates showed how creative destruction creates conflicts that must be managed in a constructive manner.
“Otherwise, innovation will be blocked by established companies and interest groups that risk being put at a disadvantage,” it added.
“The laureates’ work shows that economic growth cannot be taken for granted. We must uphold the mechanisms that underly creative destruction, so that we do not fall back into stagnation,” said Mr John Hassler, Chair of the Committee for the prize in economic sciences.
The economics prize marks the end of the 2025 event, which started last week with medicine and physiology (Monday), physics (Tuesday), chemistry (Wednesday), literature (Thursday), and peace (Friday).
The laureates will be officially celebrated at an event in December. Their awards are worth 11 million crowns ($1.2 million).
Education
Orire School Abduction: Oyo Teachers Begin Indefinite Strike
By Modupe Gbadeyanka
Teachers in Oyo State on Monday, June 1, 2026, commenced an indefinite strike to protest the abduction of their colleagues and some pupils about two weeks ago.
The teachers withdraw their services from schools until further notice in compliance with the directive of the Nigeria Union of Teachers (NUT).
In a statement on Sunday, the group said the industrial action affects all public primary and secondary school teachers in Oyo State.
They are aggrieved over the continued captivity of abducted teachers and pupils, whose rescue and safe release remain uncertain.
According to the union, the prolonged detention of the victims has created fear and anxiety among teachers, discouraged parents from sending their children to school, and heightened tension across communities in the state.
The NUT said the industrial action is aimed at drawing the attention of government authorities to the urgent need to intensify efforts toward securing the safe release of the abductees without further delay.
It urged all teachers to comply fully with the directive, remain law-abiding, and stay safe in their respective homes throughout the period of the strike.
The association also reaffirmed its solidarity with the abducted teachers, pupils, and their families, stressing that lawful engagements with relevant government authorities would continue until the victims regain their freedom.
The NUT assured members that it remains committed to protecting the welfare and security of teachers and learners across the country.
A few weeks ago, some terrorists stormed the Orire Local Government Area of Oyo State and kidnapped dozens of children and teachers. They have remained in captivity, with the federal government only sending a delegation to the town on Sunday, May 31, 2026.
Education
KolaDaisi University Hosts Career Fair June 10 in Ibadan
By Modupe Gbadeyanka
On Wednesday, June 10, 2026, KolaDaisi University (KDU), in a bid to strengthen the talent-to-industry pipeline, will hold its inaugural Career Fair at its campus in Ibadan, Oyo State, with over 200 final-year students, alumni, and a diverse range of leading employers across multiple sectors expected to partake in the programme.
The one-day event, organised by the Directorate of Advancement and Alumni Relations, will feature participation from top-tier organisations spanning finance, consulting, technology, manufacturing, and other key industries.
Participating companies will engage directly with students, offering opportunities for graduate trainee programmes, National Youth Service Corps (NYSC) placements, internships, and entry-level employment.
In addition to recruitment opportunities, the Career Fair will include a series of industry-led sessions, panel discussions, and networking engagements designed to provide students with insights into workplace expectations, emerging career trends, and professional development pathways.
“At KolaDaisi University, we are deliberate about preparing our students for life beyond the classroom. This Career Fair represents a critical platform for fostering meaningful engagement between our students and industry leaders.
“It is not just an event, but a long-term investment in partnerships that will drive innovation, talent development, and economic growth,” the President of the Directorate of Advancement and Alumni Relations, Mrs Olasumbo Obaseki, stated.
The Career Fair underscores the university’s commitment to equipping its students with not only academic excellence but also the practical skills, professional exposure, and networks required for success in today’s competitive labour market.
It is put together in collaboration with key industry partners, including Chapel Hill Denham, Mobile Screens and Sound Limited, SKOT Communications, LEADWAY Assurance, HighlerLife Properties Consult Ltd, Idea Konsult, New Horizons Nigeria, alongside several other organisations committed to nurturing emerging talent.
These partnerships reflect a shared vision of developing a workforce that is both competent and responsive to evolving industry needs.
This impactful and timely initiative is an essential platform for aligning academic outcomes with industry expectations.
The initiative forms part of KDU’s broader institutional strategy to enhance graduate employability through sustained industry engagement, career readiness programmes, and alumni relations.
By creating structured opportunities for interaction between students and employers, the institution continues to position itself as a forward-thinking institution committed to producing globally competitive graduates.
Education
Tinubu Appoints 39-Year-Old Prof Segun Aina as New JAMB Registrar
By Modupe Gbadeyanka
Professor Segun Aina has been appointed to replace Professor Is-haq Oloyede as the Registrar of the Joint Admissions and Matriculation Board (JAMB). The two-term tenure of his successor expires on July 31, 2026.
Mr Aina was chosen for the position by President Bola Tinubu, and he is expected to bring to bear his vast experience, knowledge and practical insight into the operations of the board, to take the critical educational organisation beyond the laudable heights achieved by his predecessor.
According to a statement on Thursday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, Professor Aina, who will be 40 in July, is a distinguished academic and systems expert with extensive experience in national examination systems, digital infrastructure, and public-sector institutional reform.
He holds a Bachelor of Engineering in Computer Systems Engineering from the University of Kent, an MSc in Internet Computing and Network Security, and a PhD in Digital Signal Processing, both from Loughborough University, United Kingdom. He has also completed the Senior Management Programme at Lagos Business School.
A Professor of Computer Engineering at Obafemi Awolowo University, Ile-Ife, Mr Aina began his career with JAMB during his National Youth Service, gaining foundational experience in national admissions and data-driven institutional processes. These insights have shaped his ongoing contributions to examination reform and systems optimisation.
With over 15 years of post-graduation experience, Professor Aina operates at the intersection of technology, policy, and institutional transformation, advising federal and state governments on system design, digital transition, and operational reform. At 39, he became one of Nigeria’s youngest Computer Engineering professors and will now make history as JAMB’s youngest registrar.
He has served as a consultant to major examination bodies, including NECO, NABTEB, and various State Ministries of Education, providing expertise on ICT systems, examination integrity, and digital process optimisation.
Professor Aina is a member of several professional bodies, including the Council for the Regulation of Engineering in Nigeria (COREN), the Nigerian Society of Engineers (NSE), the Institute of Electrical and Electronics Engineers (IEEE), and the Institution of Engineering and Technology (IET).
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