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.
LuTA Digital School to Revolutionise Education System in Africa
By Adedapo Adesanya
LuTA, an education technology platform, has launched its operations to spur digital education in Africa with plans to make the continent competitive when it comes to skills relevant to the 21st century.
To achieve this, the startup has built a digital school to be at the forefront of digital education in Africa to unlock global opportunities, marketability and talent with code and no-code tech skills.
The company currently has more than 11,000 applicants, and projections show that it is on its way to training five million students annually across Africa within the next five years.
The African online education market will be worth $77 billion by 2026, but this is affected as more than 900 million Africans do not have access to quality education due to broken, expensive, outdated and archaic knowledge, curriculum and teaching method that have stalled growth in Africa.
However, with a growing internet penetration on the continent set to reach 1.24 billion in 2025, the opportunities are boundless and LuTA with its digital school hopes to capitalise on this to bridge the gap and unleash the potential and ingenuity of youths across the continent.
According to the founder and Chief Executive Officer (CEO) of LuTA, Mr Kolawole Akinsumbo, the school will help revolutionise the education system in Africa as well as promote inclusivity for people based on their various skill levels.
“We are building a digital school to change the African narrative and to make digital education accessible in Africa to unlock global opportunities, marketability and talent with code and no-code tech skills.
“Poverty, exclusion, and skill chasm is already pilling pressure on the ability for people to be educated. Africa is bedevilled by many issues. In some places, conflict is not allowing children and youths to go to school, some were heavily impacted by the coronavirus, and even in places with relative peace, there is one strike or the other making it difficult to get the proper education.
“So, we can see that this only points to the fact that the current education system is not working and we want to eliminate these barriers with our digital school offering which will train about five million people in the next few years,” he said.
Entries for Ecobank National Essay Competition Close Saturday
By Dipo Olowookere
The national essay competition organised by Ecobank Nigeria Limited to commemorate Children’s Banking Month is gradually gaining momentum, especially as the window for the submission of entries draws closer.
According to the financial institution, all entries are expected to be filed to AllENG-ConsumerProductsTeams@ecobank.com, with the contact details of the parent/guardian on or before Saturday, May 21, 2022, at 12 noon.
Results would be sent on all entries by Wednesday, May 25 at 12 noon and winners will be celebrated and given their gifts on May 28, 2022, as part of activities to mark the International Children’s Day.
The contest is for children between the ages of 13 and 16 and the topic is What will you consider as the future of banking. Participants are required to write the essay in 400 words, in font size 12 with one and a half line spacing. Winners would be given laptops, educational tabs, and several consolation prizes.
The Head of Consumer Banking at Ecobank Nigeria, Mrs Korede Demola-Adeniyi, in a statement made available to Business Post, explained that the bank initiated the competition to expose children to financial education early in life, adding that it is also part of the lender’s commitment towards the Nigerian child.
According to her, “the month of May is set aside by the bank to celebrate childhood and how our children enrich our lives. We acknowledge the importance of our customers, young and old, to Ecobank’s ongoing success story. The bank, whose vision is to build a world-class pan-African bank and contribute to the economic development and financial integration of Africa, sees educational development as a fulcrum for positive integration.”
Mrs Demola-Adeniyi called on school proprietors, administrators, parents, and guardians to encourage their students, children, and wards to participate actively in the essay competition, stressing that beyond the prizes, the competition is also part of the process to push the frontiers of academic excellence among the young ones in society.
She stated that Ecobank has a MyFirst Account which caters for children and young ones, noting that, “This is our savings account specifically designed for children and teenagers aged between 0-16 years old.”
“If you are a parent, the account allows you to save money in your child’s name, which they can redeem when they are older. It is the perfect way to save for their education or kickstart a fund for future projects. It gives your child the best start in life,” she added.
Stanbic IBTC Funds University Education of 100 Students
By Modupe Gbadeyanka
A total of 100 students will receive funding support for their university education in Nigeria from Stanbic IBTC Holdings Plc, a member of Standard Bank Group.
Each of the undergraduates in 33 universities across the 36 states of the federation and the FCT, will receive scholarships valued at N400,000, which would be disbursed in tranches of N100,000 across four academic years.
The beneficiaries were chosen through the scholarship scheme of the financial institution designed to provide financial aid needed to fulfil their educational needs and pursue their dreams.
The 100 Nigerian youths selected this year excelled in the University Tertiary Matriculation Examination (UTME) organised by the Joint Admissions and Matriculation Board (JAMB).
Asides from the first tranche of disbursement, subsequent disbursements would be subject to beneficiaries maintaining their enrolment in their respective universities and degree programs they were admitted into, adhering to the academic and administrative policies of the university, and the provision of a letter of good conduct issued by their respective departments.
Also, beneficiaries would be required to maintain a Cumulative Grade Point Average (CGPA) of at least a second class upper range, amongst other requirements.
Commenting on the initiative, the chief executive officer of Stanbic IBTC Holdings, Mr Demola Sogunle, stated that it was borne out of the need to empower hardworking and diligent young Nigerian undergraduates, who aspired to pursue their tertiary education in any state or federal university in Nigeria.
“We believe that everyone deserves a chance to access quality education and we believe in rewarding students who have shown remarkable academic excellence.
“This initiative will go a long way in easing the financial burdens of these undergraduates who participated in the UTME and gained admission into various Nigerian state and federal universities for the 2021-2022 academic session.
“We are pleased to announce the 100 winners of this year’s scholarship scheme for undergraduates in 33 universities across the 36 states and the FCT. We wish them great success in their academic journey.”
Mr Sogunle further added that education remains one of the keys to facilitating a nation’s prosperity, hence the introduction of the scholarship initiative.
Stanbic IBTC remains committed to driving value-added initiatives like the university scholarship programme to contribute to the educational development of the Nigerian youth.
The scheme, which commenced in 2019, now has had almost 200 recipients. The beneficiaries were chosen across the six geo-political zones in Nigeria through fair screening processes.
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