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Stanbic IBTC Reiterates Commitment to Growth of Education in Nigeria

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Stanbic IBTC IDE

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.

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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.

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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.

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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.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Education

Wikipedia Trains Nigerian Institute of Journalism Students

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Nigerian Institute of Journalism Students Wikipedia

By Adedapo Adesanya, Kemi Makinde

As part of efforts to boost Wikipedia knowledge among students in Nigeria, the Wikipedia Foundation recently trained students at the Nigerian Institute of Journalism (NIJ), Ogba, Lagos on how to use and improve the online resource platform.

Launched in 2017, the Wikimedia User Group Nigeria is seeking to capitalise on the growing Internet access in Nigeria and the country’s high school-age population to help boost the accessibility and knowledge contribution on the Wikipedia platform.

Taking the training to NIJ, the club engaged the students on the basics of Wikipedia writing, editing, and how to improve the open resource website.

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Speaking on the event, the President of the club, Mr Olushola Olaniyan, said, “We have established Wikimedia Clubs among Nigerian institutions such as the University of Ibadan to create social groups of Nigerian students about free knowledge.

Nigerian Institute of Journalism Students Wikipedia1

“We have established partnerships with two media houses to broadcast Wikipedia-related programs on-air, eg Black Face Radio and WFM91.7.

“Bringing it here to the Nigerian Institute of Journalism (NIJ), we want students to know about Wikipedia and able to write and edit pages.”

On his part, the programme facilitator at the institute, Mr Akinlolu Ojo, said it was a welcomed development that the club was established in the school where journalists were trained.

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He explained that journalists were charged with disseminating information and checking for misinformation and Wikipedia as a platform built on the truth is essential that the programme is taught to future journalists.

“We breed future journalists here, and it would be a huge disservice if we don’t take our students through this training. Wikipedia has always proven to be a credible platform and by having people whose profession is built on credibility contributing to it, it is a win-win situation,” he said.

The Governor of the Wiki Club at NIJ, Mr Henry Godwin, described the initiative as “commendable,” stressing that, “Any effort geared at pushing the boundaries of ignorance further away ought to be applauded.”

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Nigerian Institute of Journalism Students Wikipedia2

Another participant at the programme, Mr Pelumi Bolawa Solomon, expressed his appreciation saying “Wikipedia Nigeria has not only accorded me the opportunity to write for the largest online encyclopedia, but has improved my research ability, and given me the opportunities to do more investigations in order to rightly inform the general audience”.

Adding his input, Mr Emmanuel Ashemiriogwa said it was a very interactive and educative two-day class that exposed him to the basics of wiki editing. He says it is value-adding.

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Education

Geodrill Donates to Equip Achimota School’s Science Lab Complex

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Geodrill Achimota School

As part of its commitment to support access to quality education in Ghana, a foremost stakeholder in the mining industry, Geodrill, has made a donation for equipping a science laboratory complex at Achimota School.

The firm, through its CEO, Mr David Harper, presented a cheque of GHS150,000 to the Old Achimotan Association (OAA) at a ceremony held on June 14.

Mr Harper emphasised the importance of education to the students present and he expressed his hope that their education at Achimota School, and particularly in science, would set them on the path to successful adult careers and to contribute meaningfully to the development of Ghana.

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He revealed a longstanding association with the school where he used to play cricket, encouraging other companies to take their ESG obligations seriously and support worthy institutions to fulfil their mission.

Receiving the cheque, the President of the OAA and former Vice-Chancellor of the University of Ghana, Professor Ernest Aryeetey, said the science lab was constructed with the support of corporate sponsors, who contributed about one-third of the total cost and the remainder from Achimota alumni.

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The OAA and Achimota were still hopeful of receiving further contributions from other companies to sustainably fund the provision of science education and other programmes for the benefit of the students.

Geodrill, a leading drilling exploration company to the mining sector, is committed to being a socially responsible company that actively promotes social causes such as the education of Ghanaian youth. The support for the laboratory complex is yet another purposeful outcomes-based Geodrill ESG initiative.

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Education

JAMB Generates N5.9bn from 2021 UTME, Direct Entry Forms

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JAMB

By Adedapo Adesanya

The Joint Admissions and Matriculation Board (JAMB) has generated N5,887,628,900.00 from the sale of forms for the 2021 Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) examination to admission seekers into the nation’s tertiary institutions.

The cumulative figure was contained in the Financial Inflow column of the board’s weekly bulletin of April and May editions of 2021.

The registration for the exams started on April 10 nationwide and ended on May 29, this year with the exception of few candidates with special cases, who were given an extension of time to register.

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The breakdown showed that 1,338,687 candidates registered for the UTME while 75,328 registered for the DE exam this year.

The examinations commenced on Saturday, June 19 and will end on Monday, July 5 in over 777 computer-based test centres nationwide.

The figures from the board’s bulletin showed that it generated N2,045,497,450.00 in the first few weeks when the sales of registration instruments opened to UTME applicants on April 10.

From the April 27 edition of the bulletin, the board said it raked in N739,050,000.00 from the sales of e-pins.

A weekly breakdown of the figures from the May 3 edition of the bulletin showed that the board generated N663,250,000.00 from selling e-registration pins.

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In the May 10 edition, the figures showed that the board generated N682,200,000.00 revenue from sales of registration instruments for the examination.

According to the figures from the bulletin of May 17, edition, the board raked in N833,800,000.00 from the sales of e-registration pins.

Also, between May 23 and 31 edition, the board generated N810,131,450.00 and N113,700,000.00 from sales of e-registration pins.

Following Professor Ishaq Oloyede’s appointment as Registrar/Chief Executive of the body in August 2016, as part of its transparency and accountability goals, the board has been making returns in billions into the federation account.

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In 2019, the board generated N5 billion from the conduct of UTME but remitted N3 billion to the coffers of the federal government after the government asked the board to invest N2 billion to enhance its operations.

Its highest remittance so far was in 2018 when it remitted N7.8 billion revenue generated from the conduct of 2018 UTME to the coffers of the federal government.

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