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Federal Government Opens Portal For Student Bursaries; Approves N75,000 Per Semester

The Education Ministry announced that the Federal Government has opened a portal for students to register for bursaries.

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The Education Ministry announced that the Federal Government has opened a portal for students to register for bursaries. 

According to the minister, the announcement is in line with the presidential approval for the sum of N75,000 per semester for Nigerian students undergoing degree programmes in the faculty of education in public universities across the country.

Similarly, their counterparts undergoing the Nigeria Certificate in Education (NCE) will get N50,000 per semester. 

It would be recalled that in 2021 during the World Teachers’ Day celebration in Abuja, Adamu Adamu said the bursary is part of the reform of the education sector. 

Investors King gathered that only students undergoing education courses in either public universities or public colleges of education will benefit from the bursary package. 

In addition, beneficiaries must also be a fa full-time students must be in their first year and above. 

The minister added that all physically challenged students who met the above descriptions are also eligible to apply. 

However, any applicant who is a beneficiary of any scholarship is not eligible to apply. 

Interested applicants are therefore encouraged to apply online at http://www.education.gov.ng/

Alternatively, they can visit the Federal Scholarship Board website at https://fsbn.com.ng/applicants/auth/register/35565 

Applicants are enjoined to only submit one application as multiple applications can lead to disqualification. 

After submitting online, applicants are to print a copy and attach a photocopy of their admission to it. They are also advised to attach a letter of admission and a current school ID card for easy processing. 

The application does not attract any processing or application fee.  The application deadline was however fixed to the 21st of October, 2022. 

The ministry also added that there is no way to sabotage or manipulate the system because all relevant information about potential applicants has been gathered from the Nigerian University Commission (NUC) and the National Commission of Colleges of Education (NCCE) and submitted to the Ministry of Education. 

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Education

Nigerian Federal Government Initiates 40% Deduction From Universities’ Internally Generated Revenues, Prompting Concerns

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The Nigerian federal government has embarked on the implementation of a controversial policy that imposes a 40 percent automatic deduction from the internally generated revenues (IGR) of federal universities and partially-funded institutions.

This decision, aligned with the Finance Circular dated December 20, 2021, aims to limit the annual budgetary expenditure derived from IGR.

In a letter issued by the Accountant-General of the Federation, Mrs. Oluwatoyin Madein, the policy of a 40 percent auto-deduction was communicated to universities and institutions.

The letter, approved by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, was signed by the Director of Revenue & Investment in the office of the Accountant-General of the Federation, Felix Ore-ofe Ogundairo.

The new directive enforces that agencies and parastatals must remit up to 50 percent of their gross IGR, channeling the remaining 50 percent to the Sub-recurrent Account.

All statutory revenue lines, such as Tender Fees, Contractor’s Registration Fees, and Rent on Quarters, are to be remitted entirely to the Sub-recurrent Account.

While the federal government hinted at granting universities more autonomy to explore financing sources, this move has sparked controversy within the education sector.

Critics argue that the policy will stifle institutional activities, hinder critical projects, and potentially force institutions to increase fees, thereby impacting students and their families.

The National Association of Nigerian Students (NANS) has also voiced concerns, highlighting the potential repercussions for universities.

University authorities, meanwhile, argue that the policy contradicts the government’s perception of universities as revenue-generating entities while providing inadequate funding and inhibiting their development.

The policy raises questions about the government’s approach to education financing and may lead to increased financial strain on students.

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Femi Otedola Inaugurated as Chancellor of Augustine University, Donates N750 Million to Students

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Femi Otedola

Renowned Nigerian billionaire businessman, Femi Otedola, was officially inaugurated as the Chancellor of Augustine University in Lagos on Thursday, representing a significant milestone in the institution’s history.

The inauguration ceremony was a moment of distinction and philanthropy with Otedola taking to his verified Instagram page to announce his new role and his remarkable gesture of benevolence.

In response to the prevailing challenging economic conditions, Otedola donated N750 million to the university.

He distributed N1 million to each of the 750 students at Augustine University, expressing his desire to alleviate the financial burdens of the students’ families.

In his Instagram statement, Otedola said, “I hope this donation of Seven Hundred and Fifty Million Naira assists the plight of the parents of our students in this difficult time.”

Augustine University, founded in 2015, selected Otedola as its Chancellor on April 7, 2022.

The university’s spokesperson, Nicholas Obayi, noted that Otedola’s appointment was richly deserved, given his unwavering commitment to philanthropic causes.

Otedola’s installation as Chancellor not only brings honor to Augustine University but also exemplifies his dedication to uplifting educational institutions and supporting the aspirations of Nigerian youth.

His generous donation is a testament to his belief in the transformative power of education and his commitment to improving the lives of students during challenging economic times.

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NNPCL-Shell Scholarships Transform Lives of 35 Niger Delta Pupils

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35 exceptionally pupils hailing from public primary schools across the Niger Delta region have been granted the prestigious NNPCL-Shell Cradle-to-Career scholarships, covering their entire six years of secondary school education.

These bright young minds, hailing from Rivers, Delta, and Bayelsa States, recently wrapped up an intensive week-long orientation program aimed at honing their academic, character, and psychological skills, all in preparation for their seamless transition into new learning environments.

The 14th batch of scholars since the program’s inception in 2010, they have been placed in three renowned private institutions in Port Harcourt, Rivers State: Brookstone Secondary School, Jephthah Comprehensive College, and Bloombreed High School.

Igo Weli, General Manager Corporate Relations at The Shell Petroleum Development Company of Nigeria Limited, praised these students as the “35 shining stars of the Niger Delta,” having been selected through a highly competitive process that included aptitude tests.

“The Cradle-to-Career program is designed to bridge educational disparities arising from geographic and socio-economic differences while enhancing literacy levels in the Niger Delta region and Nigeria as a whole,” remarked Weli.

He further highlighted its contribution to the realization of UNESCO’s ‘Education for All’ goal and the development of a robust human resource base for Nigeria’s progress.

Rivers State Commissioner for Education, Professor Kaniye Ebeku, expressed his appreciation for the program and Shell’s commitment to offering the best education to pupils from underprivileged backgrounds.

He encouraged the scholars to focus on their goals and make the most of this opportunity to bring pride to their families and sponsors.

The NNPCL-Shell Cradle-to-Career scholarship is not just an investment in these 35 students, but also in the future of the Niger Delta and Nigeria as a whole.

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