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Oscar Onyema Plans Scholarship for Less Privileged Kids, Youth

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By Dipo Olowookere

Last Friday, Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, launched his foundation aimed at transforming the lives of less privileged children and youth in the country.

Called the Oscar N. Onyema (ONO) Foundation, it is a not-for-profit and non-political organisation that will positively affect the society with the first tranche of beneficiaries of the foundation’s scholarship expected to be announced before the end of the year.

The primary goal of the foundation is to support the continued effort to expand access to formal education in Nigeria, especially amongst indigent children and youth, raise the bar in academic achievements and encourage positivity and hope to the less privileged families and communities.

It plans to achieve this by investing in four priority areas: Mentorship Program, Scholarship Management Program, Workforce Program and Home Visitation.

In addition, the Foundation would identify and partner with any private, public or civil society organisation or institution or indeed individual with similar objectives for the promotion of philanthropic activities.

The unveiling event was witnessed by a cross section of dignitaries from media, development work, organised private sector amongst others.

Speaking at the launch, Mr Onyema noted that ONO Foundation is positioned with the goal of unlocking access to formal education for less privileged youths.

According to him, the foundation will organise lectures, seminars, workshops for public enlightenment in such areas of interest as the foundation’s management may from time to time determine, as well as pair less privileged children and youth with respectable and credible members of society and organisations, in order to groom them into becoming responsible citizens and effective nation builders.

“ONO Foundation will focus primarily on providing safety nets for the less privileged children and youths, by ameliorating the issues of lack of guidance and providing educational materials and funding towards achieving greater social impact in the education sector in Nigeria.

“Today’s launch is the culmination of a passionate idea long held by me to contribute my time and funds towards enhancing access to qualitative education for orphans and vulnerable children in primary, secondary and tertiary institutions across the country,” he said.

Mr Onyema encouraged “every patriotic Nigerian to continue to give their support towards uplifting indigent youths especially those who seek knowledge.”

He stressed that, “Our efforts to play an active role in the 4th industrial revolution must have the youth at its centre due to their population, energy and potential impact.”

Chairman of the Board of Trustees, ONO Foundation, Mr Tunde Folawiyo, echoed the sentiments of Mr Onyema emphasising that, “The Foundation is borne out of an understanding that the society of our dreams cannot materialise if its future (the children and the youth) are not properly trained, inspired and equipped to be the catalyst and springboard of change and growth. This foundation is unique because its programs are focused not just on education but also on treating the emotional and mental challenges and ails faced by our children and youth, their families and our less privileged communities.”

The Foundation will be managed by an Executive Director who shall be overseen by an Executive Committee and the Foundation will be strategically led by a Board of Trustees made of Mr Tunde Folawiyo, Chairman; Mr Oscar Onyema, Founder; Mr Sonnie Ayere, Trustee; Mrs Margaret Orakwusi, Trustee; Miss Florence Otedola (DJ Cuppy), Trustee and Ms Ejim Dike, Trustee.

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

Again, NELFUND Extends Deadline for 2025/26 Session Loan Applications

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By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFUND) has granted another extension for its Student Loan Application Portal to accommodate institutions that requested additional time for the 2025/2026 academic session.

According to the statement signed by NELFUND’s Director of Strategic Communications, Ms Oseyemi Oluwatuyi, on Thursday, the extension applies only to institutions that submitted formal requests, allowing eligible students extra time to complete their applications.

“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Portal for institutions that have formally requested additional time for the 2025/2026 academic session,” the statement read.

Business Post reports that at the beginning of March, NELFUND announced an extension to the deadline by a week for its student loan application portal following a notable rise in nationwide interest driven by ongoing awareness campaigns.

Speaking on the development, NELFUND Managing Director and Chief Executive Officer, Mr Akintunde Sawyerr, reiterated the Fund’s commitment to ensuring that eligible students at participating institutions can access the student loan programme.

“NELFUND remains committed to ensuring that eligible students across participating institutions have the opportunity to access the student loan programme,” he said.

The Fund urges students in affected institutions to take advantage of the extension and submit their applications through the official portal.

It also emphasised its dedication to transparency, accountability, and providing sustainable financing solutions to remove financial barriers to higher education in Nigeria.

Established to administer the Nigeria Student Loan Scheme, NELFUND was enacted into law by President Bola Tinubu in April 2024.

The initiative provides interest-free loans to students in public tertiary institutions to cover tuition and living expenses.

Beneficiaries are required to repay the loans after completing their education and securing employment, aiming to increase access to higher education for students from low-income backgrounds.

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NRS to Boost Tax Education in Nigerian Institutions

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By Adedapo Adesanya

The Nigeria Revenue Service (NRS) has inaugurated a Curriculum Review Committee aimed at strengthening taxation education in Nigerian academic institutions and improving the country’s tax administration system.

According to a statement, the committee was inaugurated on February 24, at the NRS Academy in Durumi as part of the agency’s broader efforts to modernise tax education and align academic training with the evolving demands of contemporary tax administration.

Speaking during the inauguration, the Director of the NRS Academy, Mr Adeolu Akinyemi, said the review exercise would involve collaboration with the Chartered Institute of Taxation of Nigeria (CITN) to develop a more structured and relevant curriculum for the academy.

He emphasised that the initiative seeks to ensure that taxation programmes taught in Nigerian institutions reflect current developments in tax policy and practice, while also equipping students with the practical knowledge required in today’s tax administration environment.

The committee has been tasked with examining existing taxation curricula across Nigerian institutions and proposing updates that incorporate modern tax policies, recent legislative changes, and emerging areas such as digital taxation and global tax practices.

Officials say the review is also designed to close the gap between theoretical classroom instruction and the practical realities of tax administration.

By strengthening the link between academic learning and professional practice, the revised curriculum is expected to better prepare graduates for careers in the tax sector.

The effort is further expected to enhance tax awareness among citizens, encourage voluntary tax compliance, and support the development of skilled tax professionals who can contribute to national revenue generation and economic growth.

The committee is chaired by Mrs Aisha Hamman Mahmoud, Special Adviser to the Executive Chairman of the NRS on Research and Statistics. Its membership includes representatives from the service as well as academic experts in taxation and fiscal policy, alongside professionals with experience in tax administration, policy formulation, and tax education.

The committee will work with relevant educational regulatory agencies and professional bodies to ensure that the proposed curriculum aligns with national academic standards while addressing the practical needs of Nigeria’s tax system.

The NRS stated that the initiative forms part of its ongoing commitment to expanding tax knowledge, strengthening professional capacity, and promoting responsible tax practices across the country.

The curriculum review exercise is expected to be completed within 60 days, after which the Service plans to provide further updates on the implementation of the revised programme.

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Airtel Africa Foundation Gives Scholarship to 70 Nigerian Undergraduates

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By Modupe Gbadeyanka

The first batch of Nigerian undergraduates to enjoy fully paid scholarships for studying science, technology, engineering and mathematics (STEM) courses across the continent has been chosen by Airtel Africa Foundation.

Business Post gathered that 70 students from universities across Nigeria were selected from thousands of applicants through an independently managed process, which took nearly six months.

It was learned that most of the undergraduates were from the University of Lagos (UNILAG), Obafemi Awolowo University (OAU) Ile-Ife, the University of Benin (UNIBEN), Tai Solarin University of Education (TASUED), the University of Ilorin, Ahmadu Bello University (ABU Zaria), and the University of Nigeria (UNN).

The scholarship covers tuition, laptop computers, living expenses, and essential learning resources, a statement from Airtel Africa Foundation disclosed.

The chairman of the foundation, Mr Segun Ogunsanya, speaking at the presentation of the scholarships to the beneficiaries at the Lagos headquarters of Airtel Nigeria, emphasised the need for initiatives such as the Airtel Africa Foundation’s undergraduate tech scholarship for the future of the continent.

“True legacy is not measured by the awards we win or the volume of SIM cards we sell; it is measured by the lives we save, the people we feed, and the students we support when the line between success and failure is at its thinnest.

“At the Airtel Africa Foundation, we believe that lifting people out of poverty is the ultimate benchmark of a great company. Today, we are writing that legacy by tilting the balance in favour of the brilliant but underserved, ensuring that the fourth industrial revolution, driven by AI and Data Science, is built by African talent for the African continent,” he stated.

Mr Ogunsanya further revealed that this fellowship, executed through Airtel Nigeria, is designed to bridge the gap where funding, skills, and opportunity often fail to meet.

In addition to the N500,000 yearly budget for the fellows’ four-year or five-year courses, each fellow would be integrated into a structured support system for academic guidance and career mentorship, intended to ultimately transition students from the classroom to the global tech workforce.

Addressing the students, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, stressed that youth development is a strategic imperative for Airtel.

“At Airtel Nigeria, we view youth development as essential nation-building. When young people succeed, innovation accelerates, and social stability improves.

“By connecting these brilliant scholars to knowledge, skills, and confidence, we are fulfilling our core mission to connect people to opportunity. To our recipients: you earned your place here through merit and discipline. You are now ambassadors of excellence, and we expect your leadership to be defined by your conduct as you help shape a more inclusive digital future for Nigeria,” the Airtel Nigeria chief said.

The Nigerian cohort joins a prestigious network of Airtel Africa Foundation fellows currently studying in Tanzania, the Democratic Republic of Congo (DRC), Uganda, and India.

The initiative underscores a broader commitment to technology education, youth development, and Nigeria’s digital economy.

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