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Stanbic IBTC Funds University Education of 100 Students

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Increase Funding to Education

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.

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

Adejo Advocates Funding of NEMIS for Optimum Performance

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NEMIS

By Modupe Gbadeyanka

The Permanent Secretary in the Federal Ministry of Education, Mr Andrew David Adejo, has called for strong synergy and cooperation among stakeholders in the funding of the Nigeria Education Management Information System (NEMIS).

Speaking at the 4th National Conference on NEMIS held recently in Gombe State, Mr Adejo, who was represented by the Director of Information and Communication Technology in the Ministry, Mr Abubakar Isa, submitted that this partnership will ensure that the system performs optimally.

NEMIS was created to provide an unimpeded flow of data and information on education in Nigeria to all people, anywhere in the world, through the use of basic information and communication technology.

In his presentation at the event, the Minister of Education, Mr Adamu Adamu, stated that the provision of credible, reliable and timely data is an imperative for national planning, policy implementation, monitoring and evaluation of development interventions and reform initiatives in the country, especially in the education sector.

The Minister, who was represented by the Registrar and Chief Executive of the Joint Admissions and Matriculations Board (JAMB), Professor Ishaq Oloyede, disclosed that the Ministry was making tremendous progress in the production and dissemination of reliable and timely data, adding that 2019, 2020 and 2021 data on the sector have all been processed and are ready for national and global dissemination.

Commenting on the theme of the conference, Sustainability and Maintenance of On-line Data Generation Using Tablets and Android Phones, Mr Adamu said discussions at the conference will help improve the automation of data production and management processes in line with evolving global trends.

He assured that the Ministry will continue to strengthen the scheme to build its capacity needed for quality output in line with international best practices.

In his address, the Governor of Gombe State, Mr Muhammadu Inuwa Yahaya, who was represented by the Deputy Governor of the state, Mr Manasah Daniel Jatau, said his administration has substantially revamped the education sector in the state with a considerable increase in school enrolment, literacy, numeracy and positive learning outcomes.

The Governor revealed that Gombe State has recorded a lot of improvement in ICT development, infrastructural development and teacher capacity building which he said will impact positively on education in the state.

He urged stakeholders to do whatever they can to improve education as a matter of priority, expressing the determination of the state to cooperate with all stakeholders to uplift NEMIS in the interest of the nation and indeed Gombe State.

In her goodwill message, the Country Representative for the United Nations Educational, Scientific and Cultural Organisation (UNESCO), Dr Ngozi Amanze, expressed the commitment of the group to supporting NEMIS in the area of capacity building for optimum performance.

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81 Students Qualify for Next Stage of InterswitchSPAK 4.0

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InterswitchSPAK 4.0

By Modupe Gbadeyanka

The organisers of the prestigious InterswitchSPAK National Science Competition have shortlisted 81 students for the next stage of the educational contest.

The students were chosen from the over 12,000 students who vied for a spot in the finals of the fourth edition of the programme through a nationwide computer-based test (CBT) held between June 2 and 8, 2022, in two stages.

Business Post gathered that the first stage of the CBT was held on June 2 and 5, with the participants pruned to 500 from 12,000 and on June 8, another test was conducted to further trim the number to 81.

The students were tested in Science, Technology, Engineering, and Mathematics (STEM) subjects and the eventual winner of the competition will smile home with N7.5 million in scholarships for five years, a laptop, and monthly stipends.

The first runner-up will receive N4 million in scholarships, a laptop, and monthly stipends for a period of 3 years, while the second runner-up will go home with N1 million in scholarships for a year, a laptop and monthly stipends.

It was learned that the top 81 students who scaled the screening process were from 13 schools, including Adedokun International School, Ota; The Ambassador College, Ota; Marist Brothers’ Juniorate, Uturu, Abia; Faith Academy Canaan Land, Ota; Loyola Jesuit College, Abuja; and Mount Olive College, Anambra.

Others are Greater Tomorrow International College, Arigidi, Ondo State; Bofoat Model College, Ondo State; FUTA Staff Secondary School Akure, Ondo; Seolad International College, Ogun; Great Cornerstone International Science College, Ondo State; Apt Scholars Universal College, Ogun State; and Oritamefa Baptist Model School, Ibadan.

Speaking on the importance of InterswitchSPAK and the need to encourage and reward more students in Africa to take up STEM subjects, the Group Chief Marketing and Corporate Communications Officer of Interswitch, Ms Cherry Eromosele, noted that Africans should play a more central role in mapping out the future of Africa.

Ms Eromosele added that the continent was ripe for development at the same scale as observed in the developed world, adding that this development had been proven to be spurred by the knowledge and application of STEM.

“InterswitchSPAK remains an integral expression of the belief we hold at Interswitch, which is that Africa’s story can be changed from the inside out. And what this means is that only through the active participation of Africans can the change we seek to come about.

“For this reason, we leverage the InterswitchSPAK National Science Competition, now in its fourth run, to encourage young Africans to find value in STEM subjects that have been identified as drivers of economic prosperity, something that we at Interswitch have seen firsthand,” she said.

InterswitchSPAK is a Corporate Social Responsibility (CSR) initiative of Interswitch and since its inception, it has continued to champion the study of STEM subjects among students in Africa as the competition has moved beyond a locally-organized initiative and has expanded to other parts of Africa such as Kenya in East Africa.

In 2021, the contest was won by Jubril Dokun of Brainfield College, Alagbado, Lagos State. Ayanlade Jesuferanmi of Obafemi Awolowo University International School, Ile-Ife, Osun State was the second-place winner, while Omoniyi Qudus of Scholars Universal Secondary School, Ota, Ogun State, was the third-place winner.

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Education

Significance of Establishing Stronger Relationship Between Corporate Business and Career Development in Higher Education System in Russia

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higher education system

By Kestér Kenn Klomegâh

Far ahead of the special session that thoroughly reviewed and discussed Russia’s education and the employment market at the 25th St. Petersburg International Economic Forum (SPIEF), Russian legislators have, on May 25, launched a Telegram survey on the future of higher education and the Bologna system in Russia.

Russia’s State Duma speaker Vyacheslav Volodin wrote on his Telegram channel calling for a new higher education system in the country based on the best contemporary and Soviet practices.

“We would be right to create an effective national higher education system based on today’s and Soviet practices,” Vyacheslav Volodin wrote on his Telegram channel. “The existing higher education system needs change, as per 90% of the respondents,” Volodin reported, saying that more than 413,000 people had been surveyed.

The Duma speaker said this and other issues would be discussed at a parliamentary session on June 27, with Science and Higher Education Minister Valery Falkov, as well as representatives from the country’s universities and education experts expected to attend.

At the St. Petersburg forum, its traditional face-to-face format for the first time in two years after the coronavirus pandemic, during a special discussion entitled How to Provide the Russian Economy with the Qualified Personnel?’ and looked at the question of the ‘qualification pit’ – the mismatch of skills and competencies of employees with the needs of employers is becoming more acute by the year. At the same time, according to the Ministry of Education, today more than 60% of schoolchildren choose secondary vocational education. Is it not enough? And what measures should be taken by the state and businesses to solve the current problem?

There were more questions on aspects of education. How to attract employers to active, meaningful cooperation with educational organizations? How can business contribute to a better quality of personnel training? How can we increase employers’ satisfaction with the level of secondary vocational graduate training? How can the right conditions for mastering fundamentally new professional skills and competencies be created? How can we reduce the time necessary for the adaptation of new personnel in production and increase the efficiency of the process?

Some experts have argued that the integration of creative industries into the educational process is becoming an important trend and necessity of the 21st century. Thus, getting involved in educating and training future professionals should be viewed as an integral part of any sector of the economy from the nuclear industry to agriculture and construction.

Deputy CEO of the Roscongress Foundation and Director of the social platform of the Roscongress Foundation – the Innosocium Foundation Yelena Marinina explained at the session at the St. Petersburg forum that the future and the trajectory of its development depend on the values, knowledge, and aspirations of today’s young people.

There are new opportunities and the new horizons that are opening up in all areas are in high demand. It makes it imperative effectively utilise the potential of graduates to accelerate economic growth. This explains the need to understand the relationship between employers and employees, and to stimulate cooperation, especially in a rapidly changing world, between business and educational institutions, Marinina asserted in her presentation.

Speaking at the SPIEF plenary session, Russia’s President Vladimir Putin strongly urges big business representatives to link their families’ future with Russia. “Recent events have only confirmed what I kept saying earlier: it’s safer at home. Those who didn’t want to hear this obvious message lost hundreds of millions, if not billions of dollars in the West. This is how the supposedly safe haven for capital turned out,” the Russian leader stressed.

“Today I would also like to address our leaders, large companies owners, our major entrepreneurs and managers. Dear colleagues, friends, real, lasting success, a sense of dignity and self-respect come only when you connect your future, your children’s future with your Motherland,” Putin reiterated.

Putin carefully noted that he has been in contact with many CEOs and company owners for a long time and knows their sentiments. It is, indeed, important to understand that business is much more than making a profit. It involves changing the life around, and contributing to the development of your hometown, region, and the country as a whole is an extremely important thing for self-realization. Nothing can replace service to people and society. This is the meaning of life, the genuine meaning of work.

On several occasions of award ceremonies for young talented entrepreneurs in the Kremlin, Putin has, long ago, supported the implementation of the strategic socio-economic initiative entitled Professionalism. The initiative is aimed at a complex reset of the whole system of secondary vocational education.

The key task is to ensure the training of specialists in professions that are truly in demand in a shorter period of time. This will provide a possibility to build a new sectoral model of personnel training, synchronized with the demands of the labour market. It will help stipulate employment for graduates and, as a consequence, give a new impetus to the development of regional economies.

As of September 1, 2022, 150,000 students will be involved in training at educational production centres. The primary focus is on key working professions and specializations in areas such as metallurgy, pharmaceuticals, petrochemicals, and transportation. The new approach that lies at the heart of the project will help solve the issue of targeted training for the priority sectors of the economy under the conditions of import substitution.

New documents were signed by Alexander Stuglev, Chairman and CEO of the Roscongress Foundation, Elena Chernova, First Vice-Rector of St. Petersburg State University, Ivan Lobanov, Rector of Plekhanov Russian University of Economics, and Marina Buntova, CEO of TALENTI. These documents stipulate joining forces in implementing state policy aimed at improving the socio-economic sector, creating conditions meant to assist students and young professionals in professional orientation and successful employment.

Under the agreement, the Roscongress Foundation will be involved in forming a database of the main beneficiaries of the projects, and organizing classes and events held as part of these joint projects. In addition, the agreements provide for cooperation between the parties in conducting joint internships, theoretical classes and training seminars for young people, including using the ‘Country’s Potential’ digital platform.

According to the organizers’ website information, about 2,700 business representatives from 90 countries were expected to attend – far below the 13,500 participants from 140 countries pre-coronavirus years. Some business leaders had concerns about attending the forum due to the sanctions against Russia. Under the chosen theme ‘New Opportunities in a New World’ that reflects the changing global situations, the conference runs from June 15 to June 18 and it is the 25th St. Petersburg International Economic Forum (SPIEF) since its establishment.

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