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NSE Builds School for Borno IDPs

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By Modupe Gbadeyanka

A school constructed by the Nigerian Stock Exchange (NSE) has been donated to the Borno State government as part of the local bourse’s Corporate Social Responsibility (CSR) programme.

The educational facility, which comprises two blocks of nine classrooms that will accommodate 330 students and an administrative block, housing the staff room, sick bay, security room and restrooms, is to help Internally Displaced Persons (IDPs) in the state.

The school, Maisandari Alamderi Model Nursery and Primary School, is located in the Abuja Talakawa District of Maiduguri.

It would be managed by Bridge International Academies, a renowned global educational firm that specializes in providing robust technology driven education system to low income households in developing economies.

Other partners for the school intervention programme are Central Securities Clearing System (CSCS) Plc, Oando Foundation, AXAMansard Insurance Plc and MTN Foundation.

According to a statement issued by the NSE, it undertook this project in support of the recovery effort articulated in the Recovery and Peace Building Assessment (RPBA) Report for North-East Nigeria, by the Federal Government of Nigeria, North-East State Government, the European Union (EU), the United Nations (UN) and the World Bank (WB) which highlights education as one of the strategic areas requiring urgent attention.

Speaking at the commissioning ceremony held today in Maiduguri, Borno State, the chief executive of the NSE, Mr Oscar Onyema, noted that the exchange was committed to providing quality education and improving the financial literacy of the communities it serves.

He said, “Education is one of the key foundational elements to building a peaceful and sustainable society. The donation of the Maisandari Alamderi Model Nursery and Primary School aligns with commitment to providing an inclusive, safe and positive teaching and learning environment, and we are pleased that this gift will support the educational system in the state to mould the next generation of leaders.”

Governor of Borno State, Mr Kashim Shettima, commended the Nigerian stock market regulator for complementing government efforts in the delivery of robust and quality education in the state.

“It is very heart-warming to have NSE make such a significant contribution of providing physical infrastructure and human resources for the newly built school we are commissioning today.  With this gesture, The Exchange is addressing the challenge of providing a conducive learning environment which forms the bedrock of qualitative education. We are indeed grateful and we hope that this partnership continues for the long term,” said he.

The Nigerian Stock Exchange leverages its unique position as one of the leading Exchanges in Africa, to promote sustainability along the four key impact areas of Marketplace, its platform for promoting market-based approach to Environmental, Social and Governance (ESG) imperatives; Community, where it makes contributions to positively impact lives; Workplace, through which it facilitates diversity, wellbeing and harnesses the talent and skills of its people; and the Environment as it focuses on reducing the Exchange’s environmental impact.

The donation of Maisandari Alamderi Model Nursery and Primary School, will support the actualization of the United Nations Sustainable Development Goal (SDG) 4 which seeks to achieve inclusive and equitable quality education for all by 2030. The Exchange had in 2016 launched its Adopt-A-School programme with the donation of a Learning and Development Centre to Oke-Odo Junior High School in Ikeja, Lagos State. ​​

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Education

National Assembly to Stop FG from Funding JAMB, Queries N1bn for Meals

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JAMB Registrar Ishaq-Oloyede

By Adedapo Adesanya

The National Assembly comprising the Senate and the House of Representatives has resolved to remove the Joint Admissions and Matriculation Board (JAMB) from the Federal Government’s 2025 budget grant, citing concerns over the board’s financial management.

Lawmakers argued on Monday that it is unjustifiable for JAMB to remit N4 billion to the federation account while receiving N6 billion from the government in 2024.

This decision followed a presentation by JAMB Registrar, Mr Ishaq Oloyede, before the joint committee of the Senate and House of Representatives, led by Mr Sani Musa, during an interactive session on revenue projections for 2025.

Mr Oloyede revealed that JAMB remitted N4 billion to the Consolidated Revenue Fund but received N6 billion from the federal government in 2024, prompting committee members, including Mr Abiodun Faleke and Mr Adams Oshiomhole, to question the rationale behind funding a self-sustaining agency with government grants.

“You remitted N4 billion and received N6 billion from the federal government. Why not keep the N4 billion and stop the government from funding JAMB?” asked Mr Faleke, the Chairman of the House Committee on Finance.

On his part, Mr Oshiomhole criticized JAMB for spending N1.1 billion on meals and refreshments last year, querying, “Are you being freely fed by the government? This money comes from poor students, many of whom are orphans.”

He also questioned the N850 million spent on security, cleaning, and fumigation, and N600 million on local travels, challenging the justification for these expenses.

Further scrutiny was directed at the N6.5 billion allocated for local training and N1 billion for a staff housing scheme.

Mr Oshiomhole then called for a breakdown of these expenditures.

In a related development, the Senate expressed concern over the low remittances from MDAs in 2024, pointing to a significant gap between the revenue generated and amounts remitted to the federation account.

This was disclosed by Mr Sani Musa, the Chairman of the Joint Finance Committee of the Senate and House of Representatives, during an interactive session on revenue projections by MDAs for 2025.

Mr Musa highlighted the Senate’s deep concern over the significant gap between the substantial revenues accrued by these agencies and their consistently low remittances to the federation account.

He pointed out that this discrepancy hampers the government’s ability to fund critical infrastructure projects and social services, raising issues of inefficiency, mismanagement, and potential revenue leakages.

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Education

Philomena Onoyona Foundation Donates Learning Materials to School

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Philomena Onoyona Foundation Alidinma Mixed Secondary School

By Modupe Gbadeyanka

Some learning materials have been donated to the Alidinma Mixed Secondary School in Agbor Alidinma in Ika South Local Government Area of Delta State by the Dr Philomena Onoyona Foundation.

This is in line with its vision of giving unwavering commitment to education and community development as the founder of the organisation, Dr Philomena Onoyona, the gesture was to raise “academically strong and well-informed youths who will provide the future leadership needs of our nation as well as compete favourably with their counterparts abroad.”

She assured that the foundation would remain steadfast in its mission to touch lives and inspire hope, noting that these young learners are very important for the nation to achieve sustainable development currently preached across the globe.

“Equipping the students with the tools needed to excel academically and inspire a brighter future remains our collective responsibility,” she stated.

Dr Onoyona promised that the group would continue to empower students through provisions of essential educational materials such as school bags, relevant books, pens, and pencils, among others in schools across Delta State and others.

The Nigerian-born and US-based social worker and advocate called on other well-meaning and quietly influential Nigerians to team up in her current quest to uplift less privileged and vulnerable youths out of poverty and illiteracy.

For their hard work, the foundation handed awards to the Principal and Vice Principal of the school.

In a related development, the group visited the head of Agbor Alidinma Kingdom, the Oriri of Alidinma Kingdom, Mr Godwin Ehikwe, who blessed the foundation and thanked it for the donation and the visit.

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Education

Teachers Praise Makinde for Mass Recruitment

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Seyi Makinde

By Modupe Gbadeyanka

Governor Seyi Makinde of Oyo State has been commended for recruiting about 19,500 teachers since he assumed office about five years ago.

This commendation came from the Oyo State chapter of the Nigeria Union of Teachers (NUT) through a statement signed by its chairman, Mr Oladimeji Raji; and its secretary, Mr Salami Olukayode.

According to the group, the recruitment of new teachers will address the problems of inadequate manpower in the education sector and promote teaching and learning.

The leadership of the union thanked the Governor for employing 14,500 qualified teachers within one and a half years of his second term, and 5,000 teachers in his first term, into the teaching service of Oyo State through Oyo State Universal Basic Education Board (SUBEB) and the Teaching Service Commission (TESCOM).

“Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the anal of the recruitment history of our dear state in recent times but also across the entire 36 states of the federation, including the Federal Capital Territory.

“Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non-teaching personnel, aside from an appreciative number of caregivers is a clear-cut and perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children,” a part of the statement said.

Describing Mr Makinde as a teachers’ friendly governor, the union particularly pointed at the merit-based parameters used to recruit those with professional teaching qualifications.

“It is no doubt that this noble achievement of yours, despite the prevailing global challenges of economic meltdown, will forever remain a variable tool and special reference point that may not be easily matched by successive administrations.

“Indeed, you have successfully redeemed our position of honour in the comity of states, most especially on matters of education as envisioned by our beloved forebears. Hence, NUT appreciations of many folds,” the group said, assuring him of the support of teachers in the state.

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