Education
Stanbic IBTC Reiterates Commitment to Growth of Education in Nigeria
To commemorate the 2021 International Day of Education, Stanbic IBTC Holdings PLC reaffirmed its commitment to providing support and ensuring accessible education to the Nigerian child.
The United Nations (UN) proclaimed 24 January as the International Day of Education, to recognise the impact of education in bringing sustainable development across the world. This year’s theme is: “Recover and Revitalise Education for the COVID-19 Generation.”
Stanbic IBTC is keen on positively impacting the education sector to drive national development. With education serving as one of the core pillars of its CSI initiatives, the organisation embark on several initiatives aimed at improving education for the Nigerian child, even in the heat of the COVID-19 pandemic when many students struggled to keep up with learning during the nationwide lockdown.
One of the giant strides taken by Stanbic IBTC to promote effective learning amid COVID-19 disruptions was the active involvement in empowering the younger generation with financial literacy knowledge through its “New School Money Initiative”.
Wealth certified professionals in the organisation educated preteens and teenagers on how to develop a savings and investment culture through virtual sessions. They shed more light on distinguishng between wants and needs, assets and liabilities, and the importance of making the right financial decisions. These were effectively communicated using simple, relatable videos and illustrations.
Referencing the International Day of Education theme, Stanbic IBTC leverages technological innovations to facilitate the provision of quality education in Nigeria.
Through its CSI initiative, the firm prioritises the refurbishment of dilapidated schools to create a more conducive environment for children to learn. The organisation also supports teachers with better welfare and provides e-libraries, books, computers and other digital tools to aid effective learning for students.
Stanbic IBTC has also continued to demonstrate its commitment to the development of education in Nigeria through its various educational products to secure the future of young Nigerians. Some of the products include the Children Educational Savings Scheme Account (CHESS), Stanbic IBTC Education Trust (SET) investment scheme and BluEdge Savings Account, which offer bespoke financial solutions that support Nigerian parents and guardians with various funding options for their children and wards. In the same vein, the leading end-to-end financial institution empowers young Nigerians to access quality education through its JAMB Scholarship Scheme.
Stanbic IBTC understands the importance of education in shaping the future of the nation, and remains committed to providing opportunities that guarantee access to quality education for every Nigerian child.
By Adedapo Adesanya
The Registrar of the Joint Admission and Matriculation Board (JAMB), Mr Ishaq Oloyede, has admitted to errors from the examination body leading to mass failure during the 2025 Unified Tertiary Matriculation Examination (UTME).
“What should have been a moment of joy has changed due to one or two errors,” Mr Oloyede said during an ongoing press briefing in Abuja on Wednesday.
The 2025 UTME, one of the first two exams towards tertiary institution admission in Nigeria, recorded a high rate of low marks as over 1.5 million of the 1.9 million candidates reportedly scored below 200 out of the maximum 400 marks.
Giving a breakdown, JAMB said a total of 1,955,069 results were processed, out of which only 4,756 candidates (0.24 per cent) scored 320 and above, considered top-tier performance, while 7,658 candidates (0.39 per cent) scored between 300 and 319, bringing the total for those who scored 300 and above to 12,414 candidates (0.63 per cent).
Also, 73,441 candidates (3.76 per cent) scored between 250 and 299 while 334,560 candidates (17.11 per cent) scored between 200 and 249.
A total of 983,187 candidates (50.29 per cent) scored between 160 and 199, which is widely regarded as the minimum threshold for admissions in many institutions.
In the same vein, 488,197 candidates (24.97 per cent) scored between 140 and 159, 57,419 candidates (2.94 per cent) scored between 120 and 139, 3,820 candidates (0.20 per cent) scored between 100 and 119, and 2,031 candidates (0.10 per cent) scored below 100.
Over 75 per cent of all candidates (1.5 million) scored below 200, average score seeing as the examination is graded over 400.
The high failure rate led to worries with JAMB ordering an immediate review of the results. This will be carried on Thursday, May 15.
The review meeting would bring together vice-chancellors, provosts, rectors, school principals, examiners, and technical experts to scrutinise the examination process and address the widespread dissatisfaction expressed by candidates and stakeholders.
It was also reported that thousands of candidates are preparing to file a class-action lawsuit against the Board over the alleged irregularities that led to mass failure.
In his reaction, the Minister of Education, Mr Tunji Alausa, attributed the mass failure to the efficacy of JAMB’s anti-malpractice technology.
By Adedapo Adesanya
The Joint Admissions and Matriculation Board (JAMB) has ordered an immediate review of the 2025 Unified Tertiary Matriculation Examination (UTME) following public outcry over technical glitches and threats of lawsuits.
The board, in a statement issued by its Public Communication Advisor, Mr Fabian Benjamin, acknowledged what it described as an “unusual volume of complaints” since the release of the UTME results last Friday.
Last week, JAMB announced that over 1.5 million out of the 1.9 million candidates that sat for the 2025 exercise scored below 200 out of the total 400 marks.
It said the development had prompted it to fast-track its annual post-examination review process, which typically takes place months after the exercise.
“We are particularly concerned about the unusual complaints originating from a few states within the federation. We are currently scrutinising these complaints in detail to identify and rectify any potential technical issues,” the statement read.
The spokesperson explained that the annual review covers three stages of the UTME cycle—registration, examination, and result release, adding that if any faults are found in the system, JAMB would not hesitate to implement “appropriate remedial measures.”
“To assist in this process, we have engaged a number of experts, including members from the Computer Professionals Association of Nigeria, Chief External Examiners, who are heads of tertiary institutions, the Educational Assessment and Research Network in Africa, measurement experts, and Vice Chancellors from various institutions,” he said.
The exam board noted that “If it is determined that there were indeed glitches, we will implement appropriate remedial measures promptly, as we do in the case of the examinations themselves.”
This development comes amid reports that thousands of candidates are preparing to file a class-action lawsuit against the Board over the alleged irregularities that led to mass failure.
The chief executive of Educare, Mr Alex Onyia, has commenced legal proceeding with almost 9,000 affected students by the issue on board, saying the demand is for JAMB to show students their mark sheets to view their results and enforce more transparency.
Many claim they encountered technical malfunctions and inconsistent question displays during the examination and this has sparked conversation on social media
In reaction, the Minister of Education, Mr Tunji Alausa, attributed the mass failure to the efficacy of JAMB’s anti-malpractice technology.
He defended the results, stating that the board’s computer-based testing system “had made cheating nearly impossible” and should be extended to other national examinations such as WAEC and NECO.
JAMB Registrar, Mr Ishaq Oloyede, also dismissed claims that the 2025 results were unprecedented, pointing out that similar performance trends have been recorded in previous years.
Despite the registrar’s defence, pressure continues to mount on the Board, with widespread calls for transparency and fairness in the marking and result collation processes.
By Modupe Gbadeyanka
Professor Chris Piwuna has been elected as the next president of the Academic Staff Union of Universities (ASUU), replacing Professor Emmanuel Osodeke.
The new ASUU chief was elected at the 23rd National Delegates Congress of the group in Benin City, Edo State on Sunday.
He is a consultant psychiatrist at the University of Jos Teaching Hospital, Plateau State, and won the exercise contested alongside Professor Adamu Babayo of the Abubakar Tafawa Balewa University, Bauchi.
The ASUU president is also the Dean of Student Affairs at the University of Jos.
His predecessor is a Professor of Soil Science from the Michael Okpara University of Agriculture, Umudike, Abia State.
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