Education
Reps to Probe Schools Charging Fees in Dollar

By Modupe Gbadeyanka
Schools operating in Nigeria, but charging fees in foreign currencies may be in for a big trouble if the move by the House of Representative is anything to take seriously.
This is because the lower chamber of the National Assembly has vowed to investigate educational institutions charging fees in foreign currencies despite the Central Bank of Nigeria (CBN) making it illegal.
On April 17, 2015, the CBN, in a bid to reform the currency regulations, issued a circular stating that it was illegal to price or denominate the cost of any product or service (visible or invisible) in any foreign currency in Nigeria other than the Naira.
This it said was in pursuant to Sections 15, 20(1) and (5) of the CBN Act.
But despite this, some schools operating in Nigeria still collect fees in foreign currencies, especially in the United States Dollar.
Worried by this, a lawmaker from Ekiti State, Mr Kehinde Agboola, moved a motion that something must be done to stop the illegality.
Mr Agboola alleged that American International School, Abuja (AISA) and others in Nigeria were charging school fees in Dollar.
“Even when the AISA is inclined to collect the fees in Naira, it disregards the extant financial regulations and can accept the Naira only on the parallel market rate and on the prevailing rate for the day.
“It is however of concern that the use of the parallel market rate to determine the amount of fees to be collected in Naira entails that parents pay school fees at different rates, depending on the rate in the black market, and at such, parents of children in the same class end up paying different fees for their wards, depending on the day the payment was made.
“Furthermore, the insistence on collecting fees on the prevailing black market rate amounts to a malicious rip off that the AISA and other International Schools have been perpetrating on hapless Nigerians.
“Cognizance must however be taken of the fact that all efforts by parents to make the school authorities to standardize the payment in Naira have been rebuffed and if the practice is not squarely addressed, may embolden other business outfits to adopt the same practice of denominating their goods and services in foreign currencies, contrary to the laws of the land,” the lawmaker said on the floor of the House.
After deliberations on the matter, the House of Reps directed its committee on Basic Education and Services to look into it and submit its within four weeks for further legislative action.
Education
FG, States Hail Dangote’s N1trn Scholarship Scheme for 1.3 million Students
By Modupe Gbadeyanka
The N1 trillion scholarship programme of the Aliko Dangote Foundation (ADF) for about 1.3 million Nigerian students has been applauded by the federal government, the state governments and the others.
The scheme was designed to expand access to education and promote academic excellence across Nigeria. Starting in 2026, the initiative will support over 1.3 million students from all 774 local government areas, with N100 billion committed annually for 10 years.
It targets Nigeria’s most vulnerable learners and is structured into three categories: Aliko Dangote STEM Scholars – 30,000 undergraduates in public universities and polytechnics will receive tuition support of up to ₦600,000 per year; Aliko Dangote Technical Scholars – 5,000 TVET trainees will get essential study materials and technical tools; MHF Dangote Secondary School Girls Scholars – 10,000 girls in public schools will receive uniforms, books, and learning supplies, prioritizing states with high out-of-school rates.
The programme would be implemented in partnership with NELFUND, JAMB, NIMC, NUC, NBTE, WAEC, and NECO. It would be based on merit, with beneficiaries chosen through a fully digital system.
Vice President Kashim Shettima praised the organisation for the intervention, saying it demonstrates the critical role of private-sector actors in national development.
He noted that Nigeria’s demographic growth makes urgent investment in education indispensable, warning that “a population becomes a liability only when it is uneducated.”
“Aliko Dangote, through his far-reaching philanthropy, has set in motion the single largest private-sector education support intervention in the history of this country. What he has done here today is a lesson to each of us. This is nation-building in its purest form,” Mr Shettima said.
The Governor of Lagos State, Mr Babajide Sanwo-Olu, speaking on behalf of the 36 state governors, also commended the initiative and pledged the governors’ full support.
The Minister of Education, Mr Tunji Alausa, described the initiative as “pure human capital development,” saying it aligns with the President Bola Tinubu administration’s education sector renewal plan of transforming Nigeria from resource-based economy to a knowledge-based economy and is significant because every local government area will benefit.
He said by the end of the first decade of the execution of the scholarship programme, it is estimated that over 170,000 girl-child would have gone to school.
On his part, Mr Dangote said the intervention is aimed at Nigeria’s most vulnerable learners, noting that financial hardship, not lack of talent, is the primary reason many drop out of school.
“This is not only charity. This is a strategic investment in Nigeria’s future. Every child we keep in school strengthens our economy. Every student we support reduces inequality. Every scholar we empower becomes a future contributor to national development.
“Our young people are not asking for handouts. They are asking for opportunities. They are asking for a chance to learn, to grow, to compete and to succeed. And we believe they deserve that chance,” he stated.
“No young person should have their future cut short because of financial hardship. We are stepping forward to ensure students stay in school and pursue their ambitions.
“This initiative is more than financial aid—it is an investment in human capital, with ripple effects on economies, societies, and future generations. When a student gets a scholarship, entire communities stand to benefit,” the business mogul added.
Education
Airtel Africa Foundation Opens Scholarship Portal for Nigerian Undergraduates
By Modupe Gbadeyanka
Entries for the Undergraduate Tech Scholarship in Nigeria by Airtel Africa Foundation have opened and applicants can register via candidate.scholastica.ng/schemes/airtelfellowship2025.
This programme forms part of the foundation’s F.E.E.D. agenda, which promotes Financial Empowerment, Education, Environmental Protection, and Digital Inclusion, with a focus on creating pathways for talented young people who face financial barriers.
The scheme, according to a statement from the not-for-profit organisation, provides full tuition, accommodation support, and essential study materials for 100-level students with strong academic potential.
Applications are open to students pursuing courses such as Information Technology, Computer Science, Software Engineering, Data Science, Cyber Security, Artificial Intelligence, and other ICT-related disciplines at participating universities: University of Lagos, University of Nigeria Nsukka, Ahmadu Bello University, University of Benin, Obafemi Awolowo University, University of Ilorin, and Tai Solarin University of Education.
Applicants must be enrolled in 100-level, have scored at least 230 in JAMB, and hold a minimum of five credits in WAEC, including English and Mathematics, in a single sitting.
Required documents include Joint Admissions and Matriculation Board (JAMB) results, university admission letter, West African Examination Council (WAEC) certificate, student identity card, and academic transcript or university results.
Qualified students across the listed institutions have been encouraged to apply and position themselves for a stronger start in the technology sector.
the chairman of Airtel Africa Foundation, Mr Segun Ogunsanya, said the scholarship demonstrates the organisation’s commitment to nurturing Africa’s next generation of digital leaders.
“Young Africans are brimming with talent and ambition. What many need is a fair chance to pursue their education without financial pressure.
“This scholarship reflects our belief that investing in their growth will strengthen communities, empower families, and expand the continent’s digital future,” the former chief executive of Airtel Africa Plc, noted.
On his part, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, said, “Education is one of the most powerful tools for national development.
“As an organisation, Airtel is determined to build a platform for aspiring young Nigerians to learn, innovate and lead in the country’s expanding technology landscape.”
Education
Summit University Gets Approval to Operate Campus FM Radio Station
By Aduragbemi Omiyale
Approval has been given to Summit University, Offa, Kwara, to operate a Campus FM Radio State, the chancellor of the higher institution of learning, Mr Sulaiman Adebola Adegunwa, said.
Speaking at the combined 5th and 6th convocation ceremony of the school at the Alhaja Adiat Abegbe Makanjuola Lecture Theatre, Mr Adegunwa, who doubles as the chairman of Rite Foods Limited, disclosed that the “notification was received a few days ago.”
“This development will help us reach our community more effectively and position the university as a champion of the knowledge economy.
“It will empower us to combat knowledge, poverty and the rising challenge of misinformation in society,” he noted.
He also identified investment in quality education as a catalyst for sustainable socio-economic development, adding that the dedication and financial commitment of stakeholders have continued to strengthen the university’s foundation and growth trajectory.
He appealed to well-meaning individuals to support the institution in its drive for sustainable development.
“This event marks a key milestone for our university. It honours our graduates and celebrates our shared success. An investment in knowledge pays the best dividend. The journey we have embarked upon with Summit University stands as one of the most rewarding investments.
“Our dividend from this investment is not only for today; it is also for posterity. Let us join hands to lift Summit University high, open doors to quality education, and change the world for the better,” he said.
Reflecting on the institution’s progress, the chancellor noted that the school has experienced remarkable growth since he assumed office as the pioneer chancellor in December 2023.
“Since the last convocation, undergraduate programmes have increased from eight to 16. Additionally, six academic programmes recently underwent reaccreditation, and full accreditation was secured from the National Universities Commission (NUC).
“I commend the university management, governing council, and board of trustees. The growth we see today is a testament to your hard work and strategic planning. Your commitment has strengthened the foundation of this university,” he said.
Mr Adegunwa highlighted the significant infrastructural advancement that had taken place in the University since its last convocation ceremony in 2023, adding that foundation for four major building was laid and one was already completed and ready for use while two were nearing completion.
“At this point, I sincerely appreciate Mosun Belo-Olusoga and other donors whose support continues to strengthen this university. Your generosity is a catalyst for our progress. May Almighty Allah bless you abundantly,” he said, revealing that preparations were underway for the verification of the university’s resources for new programmes in the College of Law and the College of Health Sciences.
“All documentation and agreements have been concluded, and we are hopeful that by the next convocation, both colleges will be fully operational,” he disclosed.
At the convocation ceremony, the school conferred honorary doctorate degrees (Honoris Causa) on Aderemi Muyideen Makanjuola and Lateefat Olufunke Gbajabiamila, as well as a posthumous honorary doctorate degree in Business Administration on the late Tiamiyu Adebisi Olatinwo, among other awardees.
In his remarks, the Vice Chancellor and Chief Academic Officer, Prof. Abiodun Musa Aibinu expressed appreciation to the Chancellor for donating the ongoing Senate Building project, which he said is now 30 per cent completed, noting that upon completion, the structure would significantly enhance the university’s infrastructure.
He announced that a total of 319 students graduated: 26 with first-class honours, 164 with second-class upper division, 108 with second-class lower division, 25 with third-class, and one with a pass.
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