Education
Stanbic IBTC Offers Enhanced School Fees Payment Solutions
By Modupe Gbadeyanka
As schools reopen for another session following the Christmas and New Year festivities, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has reassured parents and guardians of the bank’s readiness to help minimize the financial burden of paying their children/wards fees as well as maximize a stress free payment process through its e-solution offering.
The bank said it has a bouquet of educational payment solutions which includes Short Term Loans that are quick and easy to get, Salary Advance (SALAD) for salaried workers as well as its credit cards that parents can take advantage of at minimal cost. Others are its international money transfer solutions for payment of school fees and allowances abroad and the digital payment options. It added that its prepaid cards are available to load pocket money for children/wards, while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees. The school fees payment solutions according to the bank, underlines the importance it attaches to education.
Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC, Mr Wole Adeniyi, said a prosperous future for the family and the nation is hinged on the educational development of children, and that the bank is keen to offer the needed support to parents/guardians to ensure they bequeath their children this important legacy. “Stanbic IBTC appreciates the fundamental role education can and do play in transforming a society, which is why we have developed these products tailored to the needs of our customers to help them provide quality education for their children/wards,” Mr Adeniyi said.
“Stanbic IBTC will continue to develop products and services to support the attainment of quality education. The array of personal loan products is a fast, simple and convenient way by which customers can meet their short term financial obligations to educate their children. And the repayment terms are very convenient,” he added.
Other benefits of the school fees loans, according to Mr Adeniyi, include low interest rates, access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100% of the customer’s income. With schools resuming for a new term, the school fees loans will help to alleviate the financial burden parents and guardians may face in paying school fees.
To access the loan solutions from the bank, according to Mr Adeniyi, the beneficiary only needs to be a salary account holder with Stanbic IBTC Bank or a customer who has investments with any of the group subsidiaries and then he/she can walk into any branch of the bank and apply for any of the smart loans in a few easy steps. The application is then processed and the customer is contacted with feedback. For customers with children/wards studying overseas, he disclosed that the bank is ready to assist them access the needed foreign exchange, which it offers at very competitive rates, in making school fees payment seamless and painless. “Stanbic IBTC Bank will continue to leverage the expertise of the Stanbic IBTC Group to provide services and develop products that address the specific needs of our customers,” Mr Adeniyi said.
Education
We Didn’t Abandon Nigerian Scholarship Students in Morocco—FG
By Adedapo Adesanya
The federal government has dismissed rumours suggesting Nigerian scholarship students in Morocco have been abandoned, describing the reports as misleading and “deliberately crafted to misinform the public.”
Recently, a video went viral on social media showing that the students studying in Morocco under the federal government scholarship scheme were facing hardships, including homelessness and a lack of medical support.
However, in a statement signed by the Director of Press and Public Relations of the Federal Ministry of Education, Mr Boriowo Folasade, the Minister of Education, Mr Tunji Alausa, clarified that no Nigerian student on a valid federal government scholarship has been abandoned.
“The Honourable Minister of Education, Dr Maruf Tunji Alausa, has clarified that no Nigerian student on a valid Federal Government scholarship has been abandoned. All beneficiaries duly enrolled under the Bilateral Education Scholarship (BES) Programme prior to 2024 have received payments up to the 2024 budget year, in line with the Federal Government’s obligations.
“Any temporary delays in outstanding payments are attributable to fiscal constraints and are currently being addressed through ongoing engagements between the Federal Ministry of Education and the Ministry of Finance,” Mr Alausa stated.
“The Minister further stated that no new bilateral scholarship awards were made in October 2025 or at any time thereafter. Documents being circulated to suggest otherwise are fake, unauthenticated, and constitute a calculated attempt to mislead the public and discredit government policy.
“Dr Alausa explained that the decision to discontinue government-funded bilateral scholarships abroad followed a comprehensive policy review, which established that Nigeria now possesses sufficient capacity within its universities, polytechnics, and colleges of education to deliver the affected programmes locally.
“Consequently, only scholarships that are fully funded by foreign governments are now being supported, with all financial obligations borne entirely by the host countries.
“Notwithstanding this policy shift, the Federal Government remains fully committed to students already enrolled under the previous arrangements and will continue to support them until the completion of their programmes.
“In addition, students who may prefer to discontinue their studies abroad may formally write to the Director, Department of Scholarship Awards. Such students are being offered the option of returning to Nigeria, where they will be seamlessly reintegrated into appropriate tertiary institutions of their choice. The Federal Government will also cover their return travel costs to ensure a smooth and orderly transition,” the statement noted.
According to the Minister, the current administration remains committed to eliminating inefficiencies and abuses within the scholarship system, stressing that past practices that sponsored overseas training for courses already well established in Nigeria placed avoidable financial burdens on the nation.
He reaffirmed that the ongoing reforms are therefore aimed at promoting transparency, accountability, and the prudent management of public resources.
The federal government reiterated its unwavering commitment to the welfare of Nigerian students and strongly rejects misinformation, blackmail, or any attempt to undermine policies designed to strengthen national capacity and safeguard the integrity of the education sector.
Education
AltBank, BAF Strengthen Capacity of Frontline Educators
By Modupe Gbadeyanka
A significant step has been taken by the duo of Alternative Bank (AltBank) and the Busayo Ademuyiwa Foundation (BAF) to address the declining access to trained educators across Nigeria.
The two organisations recently a one-day capacity programme for teachers in the country at the 2025 BAF Teachers’ Conference in Lagos.
The event delivered hands-on training to hundreds of primary and secondary school teachers drawn from underserved communities across the country.
Nigeria’s education sector sits at a critical inflection point. With over 65 per cent of classrooms in underserved regions lacking access to trained educators or modern teaching tools, the learning crisis represents a structural failure with long-term economic consequences if not adequately addressed.
Rather than focus on policy rhetoric or aspirational targets, the conference tackled hard realities including teacher burnout, mental resilience, classroom innovation on a budget, and digital skill development.
Sessions were designed for practicality and replication, enabling attendees to take back immediately usable tools and frameworks to their schools. Specialised workshops on emotional health, low-tech teaching methodologies, and inclusive learning design underscored a broader commitment to both teacher well-being and student outcomes.
Key stakeholders in attendance included policymakers, school heads, and representatives from Nigeria’s corporate CSR sector, underscoring the convergence between social investment and educational equity.
Featured speakers included the president of the Nigerian Union of Teachers, Mr Audu Titus Amba; the General Manager of BIC Nigeria, Mr Anthony Amawe; the founder of Almanah Hope Foundation, Hope Ifeyinwa Nwakwesi; and Doyinsola Jawando-Adebomehin of Sequoia Span.
“The people who hold up Nigeria’s education system don’t need applause, they need backup,” the Executive Director for South at AltBank, Mrs Korede Demola-Adeniyi, stated.
“We see this platform as critical infrastructure. Equipping a teacher with the right tools and support is the most direct path to long-term national productivity,” she added.
“The challenge in Nigeria’s education sector is execution, not awareness. This partnership is part of a broader operational strategy to find the pressure points, inject support where it changes outcomes, and back it with measurable value. Our role is catalytic, not just financial,” Mrs Demola-Adeniyi stated further.
Business Post reports that the conference aligns with the bank’s HEART Strategy, a long-term investment thesis focused on Health, Education, Agriculture, Renewable Energy, and Technology.
Under this framework, the Bank continues to deploy capital and partnerships into scalable solutions targeting Nigeria’s most underserved sectors.
Education
Nigerian Breweries to Empower 1,000 Lagos, Ogun, Enugu Students
By Modupe Gbadeyanka
Plans have been concluded by Nigerian Breweries to support about 1,000 Nigerian students in Lagos, Ogun, and Enugu States.
The foremost brewing company is carrying out this empowerment initiative with a leading non-profit organisation, FATE Foundation, through the Orange Corners Student Ambassadors Programme of the Netherlands.
This partnership marks a significant step in advancing youth entrepreneurship in Nigeria, equipping young people with the knowledge, skills, and opportunities needed to build sustainable businesses and contribute meaningfully to the nation’s economy.
This is because the scheme is to promote entrepreneurship and offer networking opportunities in Nigerian tertiary institutions. Ambassadors are selected from specific universities to inspire students to see entrepreneurship as a desirable career path and to foster a culture of innovation within universities.
It targets students aged 18–35 currently enrolled in tertiary institutions across Lagos, Ogun, and Enugu States.
“The partnership reinforces Nigerian Breweries’ long-standing commitment to youth empowerment and entrepreneurship development. Through initiatives like this, we are creating pathways for the next generation of entrepreneurs and business leaders in Nigeria,” the Corporate Affairs Director for Nigerian Breweries, Mr Uzodinma Odenigbo, stated.
He further highlighted the company’s track record in youth empowerment, noting that since the renewed focus on youth empowerment and entreprenuership, Nigerian Breweries has impacted 2,365 young Nigerians across 24 states and the FCT.
Also speaking on the partnership, the Executive Director of FATE Foundation, Ms Adenike Adeyemi, expressed enthusiasm about the collaboration between Nigerian Breweries and the Orange Corners Programme.
“Nigerian Breweries has been a longstanding partner with Orange Corners Nigeria in many ways. We are delighted to have the company continue to support the Orange Corners Programme and elated that this commitment will reach an additional 1000 young Nigerians leveraging the proven Orange Corners Student Ambassadors framework,” she said.
Ms Adeyemi outlined FATE Foundation’s role to include designing and delivering the training curriculum, managing student registration and participation, maintaining accurate records of all beneficiaries, and coordinating all logistical and technical aspects to ensure successful programme delivery.
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