According to official data from the Higher Education Statistics Agency (HESA), the number of Nigerian students studying in the United Kingdom (UK) rose to a record high of 44,195 in the 2021/2022 academic year. This represents an increase of 107.4% from the previous year.

With Nigeria ranking third behind China and India in the top ten international students list, experts attribute this growing trend to the UK’s intellectual capacity and its need for affordable labor to grow its economy.

Jennifer Oyelade, director at Transquisite Consulting, noted that UK universities get funding based on the performance of their students, which means that the more Nigerian students come and excel, the more money the universities receive.

Meanwhile, Adewale Adetona, co-founder at Menopays, argued that the UK sees attracting global talent as a significant way to further develop its economy.

The UK has become a global talent magnet by being a top study choice for Nigerian students. When compared to other countries, an analysis of Nigerian student enrollment data shows that the UK has a higher number of Nigerian students than the US, Canada, and Australia combined.

The UK’s withdrawal from the European Union in 2020 created a lot of job vacancies at the middle and low levels of the economy, leading the country to focus its attention on other countries with large youth demographics, including India, Brazil, and Nigeria.

To attract these countries, the UK updated its International Education Strategy in 2021, which aims to increase the value of its education exports to £35 billion ($48 billion) and host at least 600,000 international students annually by 2030.

The strategy includes the Graduate route, which allows eligible students to stay in the UK to work or look for work for up to two years (three years if studying at the PhD level) after completing a degree in the UK. Other strategies include high potential individual visas, global talent visas, and scale-up visas.

Despite the slow growth in international student numbers in the past due to migration restrictive policies, the British government’s updated education strategy has resulted in achieving the minimum 600,000 target in 2021, as the total number of international students reached 605,130 and 679,970 in 2021 and 2022, respectively.

The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, was on Saturday, March 25, 2023, conferred with a Doctorate Degree in Business Administration by the University of Nigeria, Nsukka.

The award, which is in recognition of his immense achievements as Group Managing Director/CEO of Zenith Bank as well as his contributions to the growth of the financial services sector in Nigeria and across the African continent, was conferred on him during the 50th convocation ceremony of the University.

Speaking during the conferment ceremony, the Vice Chancellor of the University of Nigeria, Prof. Charles Igwe, congratulated Dr. Ebenezer Onyeagwu for distinguishing himself in his career and for his service to humanity, which made him worthy to receive the prestigious Doctorate Degree from Nigeria’s first indigenous University.

In his acceptance speech, Dr. Ebenezer Onyeagwu expressed his gratitude to the University of Nigeria for finding him a worthy recipient of the Doctorate Degree in Business Administration of one of the leading universities in Nigeria, considering the very rigorous process of selection of awardees by the institution. In his words, “for me to have been considered and to have passed through the meticulous selection process makes it the more dignifying because I have no connection with the University.”

Noting that the award represents a validation of the outstanding corporate governance, ethical leadership, and overall outstanding performance that Zenith Bank is recording, Dr. Onyeagwu dedicated the award to the board and management of Zenith, especially the Founder and Chairman, Dr. Jim Ovia, CFR, who has remained a mentor, a leader and a source of inspiration to everyone at the Bank and beyond; the staff, for being the shoulder and proverbial base of the pyramid upon which his achievements and success as CEO of the leading financial institution in Nigeria rests; the Bank’s customers for their unflinching loyalty to the brand; and to his family for their unceasing love and support.

Presenting the citation of Dr. Ebenezer Onyeagwu to the assemblage at the 50th Convocation Ceremony for the conferment of the Doctorate Degree in Business Administration, the orator of the University of Nigeria, Dr. Ikenna Onwuegbuna noted that Dr. Ebenezer Onyeagwu is an alumnus of Auchi Polytechnic, the University of Oxford, England and Salford Business School, University of Salford, Manchester, United Kingdom, Delta State University, Abraka. Also, he is an alumnus of Wharton Business School of the University of Pennsylvania, Columbia Business School of Columbia University, and the Harvard Business School of Harvard University in the United States.

Dr. Ebenezer Onyeagwu is a Fellow (FCA) of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of the Nigerian Institute of Management (NIM), The Chartered Institute of Bankers of Nigeria (CIBN), the Institute of Credit Administrators (ICA) and Senior Associate Member, Risk Management Institute of Nigeria (RIMAN).

Dr. Ebenezer Onyeagwu is the Chairman of the Body of Banks’ Chief Executive Officers, Nigeria and Chairman of Zenith Pensions Custodian Limited and Zenith Nominees Limited. He is also on the Board of Zenith Bank (UK) Limited, FMDQ Holdings Plc and Lagos State Security Trust Fund (LSSTF). Ebenezer Onyeagwu is a member of the International Monetary Conference (IMC), the Wall Street Journal CEO Council, member of the African Trade Gateway Advisory Council of the Africa Export-Import Bank (Afreximbank), and member of the Governing Council of the Chartered Institute of Bankers of Nigeria (CIBN). He also served on the board of Zenith Bank Ghana Limited, Zenith General Insurance, Zenith Securities Limited, Zenith Assets Management Company, Zenith Medicare Limited, and Africa Finance Corporation (AFC).

Dr. Onyeagwu’s track record of excellence has also seen him win several individual awards, including being named Bank CEO of the Year (2019) by Champion Newspaper, Bank CEO of the Year (2020, 2021 & 2022) by BusinessDay Newspaper, CEO of the Year (2020 and 2021) – SERAS Awards, and CEO of the Year (2022) – Leadership Newspaper.

Other recipients of  Doctorate Degrees at the 50th convocation ceremony include former Governor of Delta State, Dr. Emmanuel Uduaghan, who was conferred with the Doctor of Public Administration, and the Chairman of Hobark International Limited, Dr. Obiora Fubara, who received the Doctor of Business Administrat ion. A retired Justice of the Supreme Court of Nigeria, Justice Mary Odili, was conferred with the Doctor of Law; however, her conferment was deferred to a later date because she was unavoidably absent at the ceremony.

Following the protest and complaints about non-payment of the monthly stipend, Npower has stated that all deserving beneficiaries will be paid while those who have been absent from their Place of Primary Assignments (PPA) will be punished.

Established in 2016 by the current administration, Npower is a federal government social intervention programme designed to empower the youth and address issues of unemployment. 

Investors King understands that the Npower scheme has engaged millions of youth under several programmes including Npower Teach, Npower Health, and Npower Agro among others. 

According to the statement which was posted on the official Twitter page of Npower, the scheme noted that it is working hard to ensure all backlogs are paid soon while salaries of absentees without formal communication with the appropriate body will hold for 45 days. 

“We are working tirelessly to ensure that beneficiaries’ stipends and those with backlogs are cleared,” N-Power said on Twitter. 

“We also want to make it clear that any beneficiary who is found absent In his/her primary place of assignment (PPA) without official permission from his/her supervisor will be placed on payment hold for 45 days,” N-Power said.

Npower further noted that the level of absentees from their PPA is alarming, stating that it is disheartening and any absentee who failed to be cleared and recommended for reinstatement by the state focal person will be exited from the program. 

“We have received disheartening reports from our Monitoring and Evaluation team on some of our beneficiaries who do not report for work at their different PPAs.

“Furthermore, if at the end of the 45 days, there Is no official clearance letter for reinstatement of the beneficiary by the State Focal Person, the beneficiary will be exited from the N-Power Programme. Kindly be advised to stick to one as we are poised to implement the Terms of Engagement.” the warning read.