Education
Stanford to Train African, Indian Entrepreneurs
In order to support economic growth in Africa and India, Stanford University, through its Stanford Graduate School of Business (GSB), will offer training to entrepreneurs from the two regions.
The higher institution is offering its a one-year certificate program called Stanford Seed, which is designed exclusively for busy business owners and CEOs, providing management training, one-on-one support, and networking opportunities to growth-minded business leaders.
The Stanford Graduate School of Business (GSB) operates in East Africa, Southern Africa, West Africa, and India.
One of the past participants, Mr Frank Omondi, who is a wildlife biologist turned entrepreneur, said his desire to lead a business that makes a positive impact on the community led him to become the managing director of Ten Senses Africa, a fair trade cashew and macadamia nut processing company based in Nairobi, Kenya.
With a background in wildlife biology, Mr Omondi realized he needed further training to help him continue to drive the company forward. That realization led him to join the Stanford Seed Transformation Program in 2016.
Following his participation in the program, Ten Senses Africa doubled its sales, now provides one million cashew seedlings to support 30,000 local farmers, and employs 600 people, two-thirds of whom are single mothers. The company was able to expand to Tanzania with the support of the Seed Transformation Network, a group composed of past participants in the program.
“The program created a lot of trust between the participants,” said Omondi. “It is difficult to know anyone in Tanzania if you are based in another African country. Through the program, we were able to learn what other people were doing in those countries, which enabled us to have entry.”
Surveys of past participants of the Seed Transformation Program reveal the impact participants and their organizations have on their communities. After completing the program, 89 percent of participants grew their customers, 72 percent introduced a new product or service, 64 percent increased their revenue, and 50 percent expanded into new geographies.
“I’m inspired by the change participants are effecting in their communities,” said Darius Teter, executive director of Stanford Seed. “One organization’s growth and success can have a significant impact, and we’re thrilled to partner with promising entrepreneurs as they take their businesses to the next level.”
Participants work with Stanford GSB faculty to gain the essential business and leadership skills that will enable them to grow their companies and, in turn, positively impact their communities.
Admitted participants create an action plan to grow and scale their business; get in-company support from trained facilitators who help introduce what they’ve learned to their management team and promote buy-in; develop relationships with like-minded leaders to share experiences and develop an ongoing peer-to-peer support network; and receive pro-bono project-based consulting services from senior executives.
The program is now accepting applications through June 15, while a free, online information session will be held on Thursday, May 30.
By Adedapo Adesanya
The federal government has slashed the fees for the assessment and ranking of textbooks ahead of the implementation of the National Textbook Ranking Policy scheduled to commence in September 2026.
The reduction, approved through the Nigerian Educational Research and Development Council (NERDC), was aimed at easing the financial burden on publishers and authors while facilitating compliance with the new national textbook quality assurance framework.
The decision comes ahead of the implementation of the National Textbook Ranking Policy introduced by the Minister of Education, Mr Tunji Alausa, to improve the quality and standardisation of instructional materials used in schools across the country.
Announcing the development in a statement on Wednesday, the Executive Secretary of NERDC, Mr Salisu Shehu, said the assessment fee had been reduced from N2,000 to N1,500 per page, while the ranking fee for each textbook title had been cut from N1 million to N750,000.
He said the revised fees take immediate effect and apply to all publishers and authors submitting textbooks for assessment and ranking.
Mr Shehu also disclosed that publishers who had already paid the previous assessment fee of N2,000 per page would receive refunds of the excess payments, adding that details of the refund process would be announced in due course.
He urged all stakeholders in the publishing industry to comply with the new fee regime.
“Under the policy, only textbooks that have been assessed, approved and ranked by NERDC will be approved for use in Nigerian classrooms from September 2026, while unranked textbooks will no longer be permitted,” he said.
Meanwhile, the minister explained that the initiative was designed to tackle the proliferation of textbooks in schools and ensure that teachers and learners have access to high-quality, curriculum-compliant instructional materials.
The minister restated that NERDC will continue to exercise its statutory responsibility of approving textbooks for use in schools, but that approval alone would no longer be sufficient under the new policy.
“Instead, every approved textbook will undergo a structured national evaluation and ranking process by expert committees to determine the most suitable and highest-quality books for each subject and level of education,” he said.
The minister was optimistic that the National Textbook Ranking Policy will strengthen quality assurance in education by providing schools, teachers and parents with reliable guidance on the best instructional materials for teaching and learning.
By Aduragbemi Omiyale
A free educational initiative to equip children with practical Science, Technology, Engineering and Mathematics (STEM) skills needed to grow, thrive and prosper in a rapidly evolving world has been put together in Lagos.
The programme, Young Innovators Camp, commenced on Monday in the Lekki area of Lagos State. It is organised by MONAT, with Fidelity Bank as the sponsor.
Participating children, who must be between 4 and 10 years, will have a hands-on learning experience focused on creativity, innovation, problem-solving and critical thinking. They will be introduced to age-appropriate STEM concepts, guided build sessions and other engaging activities designed to stimulate curiosity and encourage practical learning.
The camp will also feature small group learning with facilitators, financial literacy sessions, creative activities, and other interactive experiences that support confidence-building among participants.
Every participant will also receive a specially curated gift pack filled with educational resources and STEM learning materials to encourage continued exploration and learning at home, making the camp both a memorable and transformative experience.
The Young Innovators Camp reinforces Fidelity Bank’s ongoing investment in initiatives that prepare children and young people for the future. It builds on the bank’s education-focused interventions, including initiatives such as SWEETA, which supports children, and the lender’s broader CSR agenda, which prioritises youth empowerment, education, skills development and access to opportunities that can improve long-term outcomes for individuals and communities.
“The future will be shaped by those who can solve problems, think creatively, and harness technology to improve lives.
“At Fidelity Bank, we believe these abilities should be nurtured from an early age.
“Through the Young Innovators Camp, we are giving children the opportunity to explore science, technology, engineering and mathematics in a fun, practical and engaging way that inspires curiosity, builds confidence, and encourages innovation.
“We want every child who participates to leave believing that they have the potential not just to succeed in the future, but to help create it,” the Divisional Head of Brand and Communications at Fidelity Bank, Mr Meksley Nwagboh, said.
“As a bank committed to helping people grow, thrive and prosper, we see education, particularly STEM education, as a strategic investment in Nigeria’s future.
“Today’s young innovators will become tomorrow’s engineers, scientists, entrepreneurs, inventors and technology leaders.
“By partnering with Monat, we are investing in a generation equipped with the skills, mindset and confidence to solve real-world challenges, create opportunities, and contribute meaningfully to national development.
“This is more than a summer camp; it is about unlocking potential and inspiring the next generation of innovators,” he added.
By Modupe Gbadeyanka
The top 81 students of the flagship Science, Technology, Engineering and Mathematics (STEM) competition for senior secondary school students in Nigeria, InterswitchSPAK, have emerged.
They were chosen from the national pre-qualifying examinations, which attracted over 21,700 participants from secondary schools nationwide.
The chosen candidates distinguished themselves through exceptional performance in the examination, earning places in the next stage of the competition.
The organisers of the programme, Interswitch, one of Africa’s leading integrated payments and digital commerce companies, disclosed in a statement that the successful young scholars will now proceed to the next phase of the contest, where they will undergo further assessments at the highly anticipated televised stages airing from November 2026 to January 2027, gaining the opportunity to compete for tertiary education scholarships and prizes worth over N40 million.
“The emergence of these 81 exceptional students is a testament to the incredible talent, resilience and promise that exists among young Nigerians.
“At Interswitch, we believe that investing in STEM education is critical to building the innovators, problem-solvers and technology leaders who will shape Africa’s future.
“While we celebrate those advancing to the next stage, we are equally proud of every student who participated and demonstrated the courage to challenge themselves and pursue excellence,” the Divisional Head for Brands Communications, Content and CSR at Interswitch, Tomi Ogunlesi, stated.
Business Post reports that this year’s participation represents an approximated 19.7 per cent increase over the 18,200 students who registered for Season 7, further underscoring the growing national interest in STEM education and reinforcing InterswitchSPAK’s position as one of Nigeria’s foremost platforms for identifying, nurturing and rewarding exceptional young scientific talent.
Now in its eighth season, InterswitchSPAK continues to provide a national platform that rewards academic excellence while equipping outstanding students with opportunities for mentorship, exposure and life-changing educational support. Beyond the competition itself, the initiative reflects Interswitch’s long-standing commitment to advancing education, promoting innovation and developing the human capital required to drive Africa’s digital future.
