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President Buhari Plans Education Bond For Public Varsities

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The Federal Government is considering setting up an education bond to finance infrastructure in public universities, President Muhammadu Buhari has said.

Buhari made the idea known at University of Ibadan on Saturday on the occasion of the institution’s 2018 Convocation and 70th Foundation Day Ceremony.

Laolu Akande, Senior Special Assistant on Media and Publicity to the President, Office of the Vice President, in a statement on Sunday in Abuja, said Buhari, who is Visitor to the University, was represented by the Vice President. Prof. Yemi Osinbajo.

Buhari restated that education could not be left to Government alone as none of the world’s leading universities depended wholly or even substantially on government funding.
He said that universities all over the world had evolved innovative means of financing and investment to meet their funding needs and become financially sustainable.

Buhari added that one of the solutions that must be explored was the alumni network, noting the University of Ibadan’s vast alumni network, by virtue of its age, had a lot to offer.

“Amongst other options we are working on the details of an education infrastructure bond for public universities, to involve raising money from the capital market to give a push to infrastructure in our universities.

“Our on-going talks with the Academic Staff Union of Universities(ASUU) are a fallout of the chequered history of negotiations concluded in 2013 with government.

“There is no question that ASUU has a point. However, we must seek to resolve it amicably and with minimum disruption to the academic calendar.’’

According to him, given the radical changes that technology has brought to bear in both the challenges and opportunities in education, the N-Power employment scheme of the Buhari administration provides a technology platform to train teachers.

Buhari noted that the N-Power programme a technology driven employment and skills training programme, had employed 500,000 young men and women who were hired using a technology platform developed by young Nigerians.

“We have had the collaboration of the Massachusetts Institute of Technology, the Oracle Academy, Microsoft, Cisco Academy and IBM.

“How do we train teachers quickly and efficiently, aside from traditional teacher training institutes which must be refitted to deal with new technology-driven pedagogy? We must use technology platforms to train.

Risky to return power to PDP, Buhari should continue – Garba Shehu

“We have had a few eye openers in this regard when we launched our N-Power programme.

“We trained them and provided materials for continuous training using our open platform and each of them was provided with an electronic tablet which contains a lot of training and teaching materials for the large number who teach in schools in every local government in Nigeria,” he said.

Buhari said that in the next few years, both teacher training and teaching would be largely driven by technology; with university education, especially scientific research, made easy by virtual reality and Artificial intelligence tools.

The president said that the current gaps in educational attainment in the country had made it clear that Nigeria had to change both the substance of education its children received and the methods by which they are taught.

According to him, the early stage investment in primary and secondary school education is key to becoming a knowledge-driven economy.

He said that Federal Government’s policy was to develop and introduce STEAM education – Science Education, Engineering, Arts and Math – curriculum in primary and secondary schools.

Buhari said that the curriculum covered training in skills in cross disciplinary, critical and creative thinking, problem solving and digital technologies, coding, digital arts, design thinking, and robotics.

Other notable Nigerians who spoke on the occasion were Governor of Oyo State, Mr Abiola Ajimobi; Gen.- Yakubu Gowon; the Chancellor of the University and Sultan of Sokoto, Alhaji Sa’ad Abubakar III as well as the Pro-Chancellor, Joshua Waklek.

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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