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Ogunbiyi Foundation Launch: Experts Laud Buhari’s Economic Squad

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Ogunbiyi Foundation Launch

The decision of the President Muhammadu Buhari-led federal government to create an Economic Advisory Council has been applauded by some experts in the education sector in Nigeria.

Some of the leading professionals, who spoke at the launch of The Akin Ogunbiyi Foundation in Osogbo, Osun State yesterday, said the nation cannot separate the best technically sound initiatives from the ambience of the overall economic operating environment.

The foundation was launched to the admiration of friends, associates of Dr Akin Ogunbiyi, the Group Chairman, Mutual Benefit Group and had in attendance dignitaries from all walks of life.

In his keynote address, former Vice-Chancellor of Obafemi Awolowo University, Professor Michael Faborede, noted that, “Without well-coordinated inter-sectoral economic planning, that provides targeted financing for government priority programmes, backed with necessary political will by both the executive and legislative arms of government all the lofty plans will not yield the desired outcomes.”

According to him, “We cannot divorce even the best technically sound initiatives from the ambience of the overall economic operating environment, favourable and strong political will, bolstered by informed and transformational cross-sectoral coordination of the economy. This is why we applaud the setting up of the new Economic Advisory Council by the Presidency.”

Prof Faborede further noted that, “Leaders within the Nigerian educational system must provide leadership for the achievement of the Sustainable Development Goals (SDGs) and partner with the private sector and Non-Governmental Organizations like The Akin Ogunbiyi Foundation in ensuring that Nigeria moves from a developing nation to a developed nation like China, Korea and others.”

Corroborating him was one of the panelists and founder of Centre for Values in Leadership, Professor Pat Utomi, who also noted that the most important part of educating youngsters was at the primary and secondary level.

“There are many technological companies disrupting the ecosystem whose founder never attended a University. If children are effectively trained at the primary and secondary level, the nation will experience experiential growth and development,” the renowned economist said.

Other panelists present at the maiden edition of the Lecture Series themed Education as an input variable for National Development were Professor Akintayo Dayo Idowu, Osun State University; Ms Adetutu Sangonuga, Partner, Human Capital Partners; Mrs Ayopeju Njideaka, CEO Nurture House Consulting (NHC) and Mr Seye Oyeleye, Director- General, Dawn Commission.

Others were His Imperial Majesty, Oba Babatunde Enitan Ogunwusi, Ooni of Ife; Chairman of the event, Lt.-Gen. Alani Akinrinade (Rtd.) former Chief of Defence Staff; Prince Olagunsoye Oyinlola, former Osun State governor; Brig.-Gen. Raji Rasaki (retd.) ex-Minister of Works, Jelili Adesiyan ex-Minister of Police Affairs, among others.

The Akin Ogunbiyi Foundation is set up as a philanthropic gesture of Dr Ogunbiyi, Group Chairman, Mutual Benefit Assurance Group, who is renowned for supporting various students with scholarship awards both within and outside the country.

The foundation seeks for inclusive growth and progress for every Nigerian and by extension Africans in addressing the root cause of poverty and degradation. The cardinal pillars of the organization include Health; Education; Empowerment; Leadership and Poverty Alleviations.

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

Kidnappings: FG Reopens 47 Unity Schools

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unity schools nigeria

By Adedapo Adesanya

The federal government has announced the reopening of the 47 unity schools earlier shut down due to security concerns on November 21.

This was disclosed in a statement by the Federal Ministry of Education on Thursday.

It said that the decision to reopen the affected colleges across the country reaffirmed its unwavering commitment to safeguarding students and ensuring the continuity of education.

On November 18, 2025, over 20 schoolgirls were kidnapped by unidentified armed men from the Government Girls Comprehensive Secondary School in Maga, Kebbi state.

Just three days later, on November 21, about 303 students and 12 teachers were kidnapped at St. Mary’s Catholic Primary and Secondary School in Papiri, Niger state.

In response, the federal government shut down 47 Federal Unity Colleges, and some states including Katsina, Taraba, and Niger also closed schools or restricted school activities, particularly boarding institutions.

Rights group including Human Rights Watch lamented that while these measures were aimed at protecting students, they disrupted learning for thousands of children, denied them access to education, and the social and psychological support schools provide.

FULL LIST OF AFFECTED UNITY COLLEGES

North-West:
FGGC Minjibir, FTC Ganduje, FGGC Zaria, FTC Kafanchan, FGGC Bakori, FTC Dayi, FGC Daura, FGGC Tambuwal, FSC Sokoto, FTC Wurno, FGC Gusau, FGC Anka, FGGC Gwandu, FGC Birnin Yauri, FTC Zuru, FGGC Kazaure, FGC Kiyawa, FTC Hadejia.

North-East:
FGGC Potiskum, FGC Buni Yadi, FTC Gashua, FTC Michika, FGC Ganye, FGC Azare, FTC Misau, FGGC Bajoga, FGC Billiri, FTC Zambuk.

North-Central:
FGGC Bida, FGC New-Bussa, FTC Kuta-Shiroro, FGA Suleja, FGC Ilorin, FGGC Omu-Aran, FTC Gwanara, FGC Ugwolawo, FGGC Kabba, FGGC Bwari, FGC Rubochi, FGGC Abaji.

South-West:
FTC Ikare Akoko, FTC Ijebu-Imusin, FTC Ushi-Ekiti, FTC Ogugu.

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Education

Coursera, Udemy Announce $2.5bn Merger

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Coursera and Udemy

By Adedapo Adesanya

Online learning platforms, Coursera and Udemy, have reached an agreement to merge in an all-stock transaction, with the combined company’s implied equity value estimated at approximately $2.5 billion.

The agreement, unanimously approved by both companies’ boards of directors, stipulates that Udemy shareholders will receive 0.8 shares of Coursera common stock for each Udemy share held.

Upon completion of the merger, Coursera shareholders are expected to own about 59 per cent and Udemy shareholders approximately 41 per cent of the new entity on a fully diluted basis.

The combined company will continue under the Coursera name, and maintain its headquarters in Mountain View, California.

Coursera, founded in 2012 by Mr Andrew Ng and Ms Daphne Koller, is an online learning platform with 191 million registered users as of September 30, 2025. It collaborates with over 375 universities and industry partners to offer courses, specialisations, professional certificates, and degrees.

The platform includes features such as generative AI (gen AI) tools (Coach, Role Play, Course Builder) and role-based solutions (Skills Tracks) to support scalable and personalised learning. Coursera is used by institutions for workforce development in fields such as gen AI, data science, technology, and business.

Udemy is a platform that provides on-demand, multi-language courses to help companies and individuals develop technical, business, and soft skills. It uses AI to offer personalised learning experiences and supports workforce development in a changing workplace.

Mr Greg Hart, currently CEO of Coursera, is set to lead the enlarged organisation as CEO after the merger.

The board will consist of nine members. Six from Coursera’s board, including chairman Mr Ng and CEO Mr Hart, and three from Udemy’s board.

“We’re at a pivotal moment in which AI is rapidly redefining the skills required for every job across every industry.

“Organisations and individuals around the world need a platform that is as agile as the new and emerging skills learners must master,” Mr Hart said.

The combination is said to create a complete ecosystem of top instructors supported by AI tools, data-driven insights, and broader distribution, enabling more engaging, personalised, and dynamic learning at scale.

Projected operational efficiencies include anticipated annual run-rate cost synergies of $115m within two years after closing.

Udemy CEO, Mr Hugo Sarrazin said: “For more than 15 years, Udemy has helped millions of people master in-demand skills at the speed of innovation.

“Through this combination with Coursera, we will create meaningful benefits for our learners, enterprise customers, and instructors, while delivering significant value to our shareholders, who will participate in the substantial upside potential of the combined company.”

The merger is anticipated to close in the second half of 2026, pending regulatory clearances, approval by both companies’ shareholders, and other customary closing conditions.

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Education

Luno, AltSchool Launch Crypto Education Programme for Nigerians

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Luno Safety of Funds

By Adedapo Adesanya

Global cryptocurrency platform, Luno and AltSchool Africa, an accredited online learning platform, have announced a strategic partnership aimed at demystifiing crypto to 15,000 Nigerians.

The initiative at that scale makes it Africa’s largest crypto education programme.

According to a joint statement on Wednesday, this is a significant step in Luno’s continued efforts to strengthen trust in digital assets and support safer participation in the digital economy.

This is hinged on Africa’s fast-growing digital finance landscape where 33 per cent of the country’s population already engage with digital assets, and a rapidly growing youth population are eager to participate in the digital economy.

According to the statement, the partnership aims to bridge the knowledge gap by providing structured, practical, and safe crypto education.

This will be done by combining Luno’s experience in promoting safe crypto participation with AltSchool Africa’s capability in delivering accessible digital skills training.

“The course directly addresses the misinformation and financial risks associated with unregulated digital assets, while demonstrating real-world applications tailored to African contexts,” the joint statement added.

The initiative will be implemented in three cohorts of 5,000 learners each. Applications for Cohort 1 will be open from January to February 2026, with the course commencing in March 2026. Cohort 2 participants will gain access to the course in July 2026, while Cohort 3 participants will begin the programme in November 2026.

The programme will be led by Web3 expert Mr Abdulsamad Tiamiyu, who will provide a practical, Africa-focused introduction to cryptocurrency, showing how it can be used for saving, remittances, global trading, and entrepreneurship.

The curriculum consists of five core modules and is designed to be completed within three to four weeks.

Learners benefit from up to one year of access to all course materials, including online, self-paced video lessons, slides, quizzes, and case studies. The course combines theory with hands-on experience, where learners interact with wallets, exchanges, stablecoins, and research tools like CoinGecko and Etherscan.

According to the organisers, this approach gives learners the tools to confidently use digital currencies in everyday financial activities. Successful learners, upon passing the assessments, earn an AltSchool Africa Certificate of Completion.

Speaking on the partnership, Mr Ayotunde Alabi, CEO of Luno Nigeria, said: “This initiative is a crucial intervention in Africa’s digital ecosystem. As crypto adoption accelerates, formal literacy must grow alongside it, so individuals can benefit safely and meaningfully,”

“Our partnership with AltSchool Africa is a deliberate step toward that goal and a foundational investment in the integrity of the industry. By delivering structured, high-quality education, Luno is helping ensure that Africans can participate confidently, securely, and sustainably – turning what is often seen as risk into real economic opportunity,” he added.

Adding his input, Mr Adewale Yusuf, Co-founder and CEO of AltSchool Africa, said “This partnership between AltSchool and Luno is a major step toward financial education that truly serves Africans and helps people gain the knowledge and tools they need to understand crypto with confidence and use it in practical, life-changing ways.”

The programme is open to Nigerian residents aged 18 and above who are able to commit to completing it within four weeks. Applicants must have a Luno account or create one before enrolling.

Starting January, Interested participants are encouraged to submit application through the AltSchool Africa portal, with scholarship decisions communicated within one week.

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