Education
Nine Students to Battle for Share of N12.5m in InterswitchSPAK 5.0
By Modupe Gbadeyanka
Nine finalists will compete for their share of N12.5 million worth of scholarships in the 5th edition of the InterswitchSPAK National Science Competition slated to hold on Sunday, January 21, 2024.
The programme, created to inspire interest in Science, Technology, Engineering, and Mathematics (STEM) subjects among senior secondary school students, is an initiative of Interswitch, Africa’s leading digital payment and commerce company.
It is a key Corporate Social Responsibility (CSR) scheme of the organisation, and this milestone edition commemorates the fifth anniversary of the competition, symbolizing its steadfast commitment to advancing STEM education across Africa.
From a pool of 81 outstanding students from various secondary schools across Nigeria who have competed head-to-head to showcase their speed, perseverance, accuracy, knowledge and problem-solving skills in STEM subjects, the participants have whittled down to the top nine finalists.
The nine finalists include Best Isijola from Oritamefa Baptist Model School, Oyo State; Ayobami Ibigbami from St. Gregory’s College, Ikoyi, Lagos State; Emmanuel Omoegbelaghan from The Cresent International School, Ogun State; Emmanuel Angelo-Hyuwa from The Ambassadors College, Ogun State; and Akinola Mofifoluwa from The Ambassadors College, Ogun State.
Others are Jesse Obed from Graceland International School, Rivers State; Abraham Daramola from Hallmark Secondary School, Ondo State; Otana Agunbiade from OAU International School, Ile-Ife, Osun State; and Raphael Ogwanighie from St. Finbarr’s College, Lagos State.
These finalists have exhibited exceptional brilliance across various STEM subjects throughout the highly competitive phases of the show, and they will be vying for the coveted prizes in what promises to be an intense and gratifying grand finale.
The overall winner will be rewarded with a university education scholarship, valued at N7.5 million that spans five years, inclusive of a monthly stipend, a brand-new laptop, and the bragging rights as the best STEM student in Nigeria.
The first runner-up will receive a N4 million university education scholarship spread over three years, including a monthly stipend, and a brand-new laptop, while the second runner-up will be rewarded with a N1 million scholarship spanning an entire year of university education.
Culminating in $6 million worth of prizes over the last 5 years between Nigeria and Kenya, the prizes stand as a testament to Interswitch Group’s dedication to recognizing and rewarding excellence in STEM education.
Speaking on the milestone edition of the InterswitchSPAK competition in Nigeria, the Group Managing Director of Interswitch, Mr Mitchell Elegbe, expressed the company’s delight in witnessing the exceptional performance and dedication of the participating students.
“The InterswitchSPAK initiative is not just a competition but a transformative journey that empowers young minds to envision, pursue and secure a future in STEM, ultimately contributing to innovative initiatives and development in Nigeria and Africa as a whole,” he said.
In the same vein, the Executive Vice President and Group Marketing and Communication Officer of Interswitch Group, Ms Cherry Eromosele, emphasized Interswitch’s pride in witnessing the commendable talent and grit exhibited by the top nine finalists. She highlighted that this stands as a testament to the promising future that STEM education holds for the youth of Africa.
“InterswitchSPAK reaffirms our dedication to nurturing and empowering the next generation of innovators and problem-solvers and it is aimed at bridging the gap in STEM education in Nigeria and across Africa at large,” she remarked.
She further said that the grand finale promises to be a celebration of academic excellence as these young STEM champions compete for the ultimate recognition and life-changing rewards.
In anticipation of the grand finale, the show continues to air on DSTV Africa Magic Family Channel 154 every Sunday at 6:00 pm with a repeat broadcast on Wednesdays at 3:30 pm on the same channel. Alternatively, you can watch the broadcast on AIT Network every Sunday at 7:30 p.m.
Education
Senior Varsity Workers Warn of Indefinite Strike After April 30 Deadline
By Adedapo Adesanya
The Senior Staff Association of Nigerian Universities (SSANU) has issued a final deadline of April 30 for the federal government to conclude the ongoing renegotiations with its members or face indefinite shutdown of universities nationwide.
The warning was contained in a communiqué at the end of a Special National Executive Council (NEC) meeting of SSANU over the weekend in Abuja.
The union, in the document signed by its National President, Mr Muhammed Ibrahim, clarified that negotiations with the government were still ongoing and have not been concluded, contrary to reports suggesting otherwise.
SSANU expressed concern over what it described as misleading information circulating in the public domain, particularly claims that a 30 per cent increase in allowances had already been approved. The union insisted that no such agreement has been finalised or signed by the parties involved.
Reaffirming its stance, SSANU stressed that it would not accept any outcome that falls short of the understanding reached during the renegotiation process. It emphasised the need for fairness, due process and respect for collective bargaining principles in arriving at a final agreement.
Part of the communique read: “NEC reaffirmed that the renegotiation process with the Federal Government is still ongoing and has not been concluded.
“NEC expressed serious concern over attempts in the public domain to portray the process as concluded, particularly through the circulation of a letter suggesting approval of a 30 per cent increase on allowances, when discussions are still in progress, and no final agreement has been signed by the parties.
“It maintained that SSANU will not accept any outcome that falls below the negotiated understanding reached in the course of the renegotiation process and insists that fairness, due process and collective bargaining principles must be respected.
“Consequently, NEC in session, reaffirms its position by the Joint Action Committee of NASU and SSANU on the final ultimatum given to the Federal Government from April 1 to 30 to conclude the renegotiation process and sign their respective agreements. Should the Federal Government fail to conclude the renegotiation process and sign the agreements within the stated period, SSANU will have no alternative but to commence an indefinite, comprehensive and total industrial action along with NASU.
“NEC calls on all members of the Union across the branches to remain calm, vigilant, united and prepared to fully comply with the decisions of the Union in defence of their welfare, dignity and collective interest.
“NEC in session passes a vote of confidence on the National Administrative Committee under the leadership of M. H. Ibrahim, and also reaffirms its full support for the union.
“NEC reiterates that SSANU remains committed to the defence of the rights and welfare of its members and will continue to pursue justice with firmness, unity and resolve.”
Education
NELFUND Crosses N242bn Disbursement Milestone
By Adedapo Adesanya
The Nigerian Education Loan Fund (NELFUND) says it has reached a major milestone in its student support intervention programme, with a total of 1,388,592 students benefiting from the federal government’s education loan scheme and the cumulative disbursement now reaching N242.4 billion since the initiative became fully operational with the launch of its application portal on May 34, 2024.
According to the Leadership Newspapers, these figures were contained in the latest Student Loan Disbursement Status Report, which it exclusively obtained, covering activities from the launch date to April 15, 2026.
The report showed that over 1.7 million applications have been recorded since inception. Of this number, 1,388,592 students have successfully benefited from the loan scheme.
The cumulative sum disbursed under the scheme now stands at N242,400,915,093.25 (N242.4 billion), comprising institutional fees and student upkeep allowances.
A breakdown of the figure shows that N157,455,283,093.25 (N157.4 billion) was paid directly to beneficiary institutions as tuition and institutional charges, while N84,945,632,000.00 (N84.9 billion) was disbursed as upkeep allowances to students to support their living expenses during the course of study.
The dual disbursement structure, covering both institutional fees and student upkeep, is designed to ensure that beneficiaries are not only enrolled in school but also able to sustain themselves throughout their academic programmes.
The report further shows that 288 tertiary institutions across Nigeria are currently benefiting from the scheme. These include federal and state universities, polytechnics, and colleges of education.
The report stated: “Applications received since inception stand at 1,771,797. A total of 1,388,592 students have so far benefited from the loan scheme since its inception.
“The scheme currently has 288 beneficiary institutions, indicating its reach across tertiary institutions nationwide…
“This report presents a summary of significant milestones achieved since the launch of the NELFUND Student Loan Portal. It details disbursements made to institutions for tuition fees and direct upkeep allowances to students, delivering on one of the key promises of the Renewed Hope Agenda of empowering every Nigerian student,” it added.
The student loan scheme is one of the flagship social investment programmes under the Federal Government’s Renewed Hope Agenda, aimed at expanding access to education and building a skilled workforce for national development.
It is anchored on the principle that no Nigerian student should be denied tertiary education due to financial constraints.
It was established following the signing of the Access to Higher Education Act, 2023, which provided the legal framework for the creation of a centralised student loan scheme in Nigeria.
The agency was set up to manage, disburse, and recover education loans in a transparent and accountable manner.
The fund was created in response to longstanding challenges in Nigeria’s tertiary education sector, including inadequate funding, rising tuition costs, and the growing number of out-of-school youths unable to access higher education.
Education
Okpebholo Raises Edo State University’s Monthly Subvention to N250m
By Modupe Gbadeyanka
The monthly subvention to the Edo State University, Iyahmo, has been increased to N250 million from N100 million by the state governor, Mr Monday Okpebholo.
A statement issued on Monday by the Chief Press Secretary (CPS) to the Governor, Mr Patrick Akhere Ebojele, said a grant of N2 billion has also been approved to improve infrastructure in the institution.
Speaking at the commissioning of an e-library and the flagging off of a fitness centre and a health facility in the school, Mr Okpebholo said the funding support is to strengthen the institution’s capacity and improve learning conditions.
“Today is a great day for Edo State University, Iyamho. Since assuming office, our administration has remained committed to repositioning the education sector in Edo State.
“The Ehi Aganmonmen Business Administration E-Library, the Peter Omoh Dunia Fitness Centre, and the Edo State University Health Centre are clear symbols of progress, partnership, and shared responsibility in advancing education and health in Edo State,” he said.
Governor Okpebholo further acknowledged the collective support from stakeholders, including a parent who volunteered to sponsor the architectural designs and the Vice-Chancellor, Professor Adetimirin, who donated one month of his salary.
“If you, the vice chancellor, can donate your salary, why will the Edo state government not donate towards the university projects they are carrying out? On this note, the Edo State government will give you (the school) N2 billion,” he declared.
“I also understand that a parent has offered to sponsor the designs, and our amiable Vice-Chancellor, Prof. Adetimirin, has donated his one-month salary to support the projects. These are not small things — these are sacrifices that speak louder than words,” he added.
On healthcare infrastructure, the Governor expressed support for the university’s plan to upgrade its medical facility.
“I commend the university for the new Health Centre to replace the existing sick bay. This is an important step toward providing better healthcare services to our university community. I assure you of our continued support as we work together to bring this vision to reality,” the Governor said.
He charged students of the institution to use the facilities well, and tasked the university management to “ensure proper maintenance and sustainability of these facilities.”
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