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UBA Foundation Takes Read Africa Initiative to Nairobi

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By Dipo Olowookere

The United Bank for Africa (UBA) Plc, through its Corporate Social Responsibility arm, the UBA Foundation, continued on its quest to educate and empower African youths as it visited Our Lady of Mercy Girls Secondary School in Nairobi to donate over 500 copies of the book The Fishermen (by Chigozie Obioma), under the UBA Foundation’s Read Africa Initiative.

The initiative which was launched in 2011 with the aim of encouraging students to improve their vocabulary and communication skills through reading, has been changing the lives of African students across the continent for six years. Through the initiative, the UBA Foundation is helping rekindle the dwindling reading culture amongst African youths as they pursue their education. Over a hundred thousand books and educational materials have been donated to various schools across Africa as UBA Foundation continues to traverse the continent, contributing positively to the development of African youths.

This week, the foundation visited Emma High School in Kampala, Uganda with its Read Africa initiative before going to Kenya to read to the students at Our Lady of our Mercy School. The High school for girls which was founded in 2008 by Mrs Angwenyi with just 32 girls has grown into a student body of over 500 with donations from both private individuals and the Kenyan Ministry of Education. The school started off with girls who were very under priviledged and living in conditions that were not conducive to education. Less than a decade later, some of these students have gone on to Universities to pursue their dreams.

Present at the drive were the CEO of the UBA Foundation, Bola Atta, UBA Kenya MD/CEO Isaac Mwige, the school principle Mrs Angwenyi and the students who got an opportunity to interact and read with the UBA Executives, sharing their future aspirations and ambitions as they engaged Executives in a Q& A session.

Atta, told the students that the UBA Foundation was committed to uplifting the lives of the societies within which they operated by creating dynamic educational platforms for future generations on the continent. She also encouraged the students to read voraciously. “The pursuit of knowledge should be a lifelong activity that starts at a very young age. You should read all types of books so that you can explore and shape your own narrative,” she said.

UBA Managing Director/CEO Isaac Mwige further encouraged the students to cultivate an interest in reading not just the academic text books but also material outside of their course work in order to acquire knowledge.  “Everything you read fills your head with new bits of information, and you never know when it might come in handy. The more knowledge you have, the better-equipped you are to tackle any challenge you’ll ever face,” he added.

The Principal of Our Lady of Mercy Girls Secondary School Mrs. Angwenyi thanked the UBA Foundation for their contribution and said that it was very timely as the school is currently placing emphasis on the value of reading not just to prepare for exams but reading to prepare for life. ‘What UBA Foundation has brought to you today is worth more than money. The drive today will ensure that you all understand that reading is an essential part of living’ she said.

The Kenyan Ministry of Education’s Chief Education Officer who was also present applauded the initiative saying: ’books allow us to expand our minds and enables us to keep abreast in all fields of human endeavor. The Students of Our Lady of our Mercy will benefit greatly from reading the books donated by UBA Foundation today’

The UBA foundation donated books to the school library of Our Lady of Mercy and funding to pay for the accommodation of ten girls at the school dormitory.

United Bank for Africa (UBA) Plc, Africa’s global bank, is committed to being a socially responsible company and role model for all businesses in Africa. UBA understands that there is a need for a social contract between the bank, the communities in which it operates, and its people. To this end, in 2006, UBA became the first bank in Nigeria to institute a foundation, the UBA Foundation. As the Corporate Social Responsibility arm of the UBA Group, UBA Foundation is committed to the socio-economic betterment of communities across the African continent focusing on development in the areas of Environment, Education, Economic Empowerment and Special Projects.

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 [email protected]

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Education

Again, NELFUND Extends Deadline for 2025/26 Session Loan Applications

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By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFUND) has granted another extension for its Student Loan Application Portal to accommodate institutions that requested additional time for the 2025/2026 academic session.

According to the statement signed by NELFUND’s Director of Strategic Communications, Ms Oseyemi Oluwatuyi, on Thursday, the extension applies only to institutions that submitted formal requests, allowing eligible students extra time to complete their applications.

“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Portal for institutions that have formally requested additional time for the 2025/2026 academic session,” the statement read.

Business Post reports that at the beginning of March, NELFUND announced an extension to the deadline by a week for its student loan application portal following a notable rise in nationwide interest driven by ongoing awareness campaigns.

Speaking on the development, NELFUND Managing Director and Chief Executive Officer, Mr Akintunde Sawyerr, reiterated the Fund’s commitment to ensuring that eligible students at participating institutions can access the student loan programme.

“NELFUND remains committed to ensuring that eligible students across participating institutions have the opportunity to access the student loan programme,” he said.

The Fund urges students in affected institutions to take advantage of the extension and submit their applications through the official portal.

It also emphasised its dedication to transparency, accountability, and providing sustainable financing solutions to remove financial barriers to higher education in Nigeria.

Established to administer the Nigeria Student Loan Scheme, NELFUND was enacted into law by President Bola Tinubu in April 2024.

The initiative provides interest-free loans to students in public tertiary institutions to cover tuition and living expenses.

Beneficiaries are required to repay the loans after completing their education and securing employment, aiming to increase access to higher education for students from low-income backgrounds.

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NRS to Boost Tax Education in Nigerian Institutions

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By Adedapo Adesanya

The Nigeria Revenue Service (NRS) has inaugurated a Curriculum Review Committee aimed at strengthening taxation education in Nigerian academic institutions and improving the country’s tax administration system.

According to a statement, the committee was inaugurated on February 24, at the NRS Academy in Durumi as part of the agency’s broader efforts to modernise tax education and align academic training with the evolving demands of contemporary tax administration.

Speaking during the inauguration, the Director of the NRS Academy, Mr Adeolu Akinyemi, said the review exercise would involve collaboration with the Chartered Institute of Taxation of Nigeria (CITN) to develop a more structured and relevant curriculum for the academy.

He emphasised that the initiative seeks to ensure that taxation programmes taught in Nigerian institutions reflect current developments in tax policy and practice, while also equipping students with the practical knowledge required in today’s tax administration environment.

The committee has been tasked with examining existing taxation curricula across Nigerian institutions and proposing updates that incorporate modern tax policies, recent legislative changes, and emerging areas such as digital taxation and global tax practices.

Officials say the review is also designed to close the gap between theoretical classroom instruction and the practical realities of tax administration.

By strengthening the link between academic learning and professional practice, the revised curriculum is expected to better prepare graduates for careers in the tax sector.

The effort is further expected to enhance tax awareness among citizens, encourage voluntary tax compliance, and support the development of skilled tax professionals who can contribute to national revenue generation and economic growth.

The committee is chaired by Mrs Aisha Hamman Mahmoud, Special Adviser to the Executive Chairman of the NRS on Research and Statistics. Its membership includes representatives from the service as well as academic experts in taxation and fiscal policy, alongside professionals with experience in tax administration, policy formulation, and tax education.

The committee will work with relevant educational regulatory agencies and professional bodies to ensure that the proposed curriculum aligns with national academic standards while addressing the practical needs of Nigeria’s tax system.

The NRS stated that the initiative forms part of its ongoing commitment to expanding tax knowledge, strengthening professional capacity, and promoting responsible tax practices across the country.

The curriculum review exercise is expected to be completed within 60 days, after which the Service plans to provide further updates on the implementation of the revised programme.

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Airtel Africa Foundation Gives Scholarship to 70 Nigerian Undergraduates

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By Modupe Gbadeyanka

The first batch of Nigerian undergraduates to enjoy fully paid scholarships for studying science, technology, engineering and mathematics (STEM) courses across the continent has been chosen by Airtel Africa Foundation.

Business Post gathered that 70 students from universities across Nigeria were selected from thousands of applicants through an independently managed process, which took nearly six months.

It was learned that most of the undergraduates were from the University of Lagos (UNILAG), Obafemi Awolowo University (OAU) Ile-Ife, the University of Benin (UNIBEN), Tai Solarin University of Education (TASUED), the University of Ilorin, Ahmadu Bello University (ABU Zaria), and the University of Nigeria (UNN).

The scholarship covers tuition, laptop computers, living expenses, and essential learning resources, a statement from Airtel Africa Foundation disclosed.

The chairman of the foundation, Mr Segun Ogunsanya, speaking at the presentation of the scholarships to the beneficiaries at the Lagos headquarters of Airtel Nigeria, emphasised the need for initiatives such as the Airtel Africa Foundation’s undergraduate tech scholarship for the future of the continent.

“True legacy is not measured by the awards we win or the volume of SIM cards we sell; it is measured by the lives we save, the people we feed, and the students we support when the line between success and failure is at its thinnest.

“At the Airtel Africa Foundation, we believe that lifting people out of poverty is the ultimate benchmark of a great company. Today, we are writing that legacy by tilting the balance in favour of the brilliant but underserved, ensuring that the fourth industrial revolution, driven by AI and Data Science, is built by African talent for the African continent,” he stated.

Mr Ogunsanya further revealed that this fellowship, executed through Airtel Nigeria, is designed to bridge the gap where funding, skills, and opportunity often fail to meet.

In addition to the N500,000 yearly budget for the fellows’ four-year or five-year courses, each fellow would be integrated into a structured support system for academic guidance and career mentorship, intended to ultimately transition students from the classroom to the global tech workforce.

Addressing the students, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, stressed that youth development is a strategic imperative for Airtel.

“At Airtel Nigeria, we view youth development as essential nation-building. When young people succeed, innovation accelerates, and social stability improves.

“By connecting these brilliant scholars to knowledge, skills, and confidence, we are fulfilling our core mission to connect people to opportunity. To our recipients: you earned your place here through merit and discipline. You are now ambassadors of excellence, and we expect your leadership to be defined by your conduct as you help shape a more inclusive digital future for Nigeria,” the Airtel Nigeria chief said.

The Nigerian cohort joins a prestigious network of Airtel Africa Foundation fellows currently studying in Tanzania, the Democratic Republic of Congo (DRC), Uganda, and India.

The initiative underscores a broader commitment to technology education, youth development, and Nigeria’s digital economy.

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