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Nigerian Students Studying in UK Reaches New High: What’s Driving This Trend?

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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.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Southern States Skeptical as NELFund Disburses First Loans

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The National Education Loan Fund (NELFund) officially launched on Wednesday, a significant step in providing financial aid to students across Nigeria.

However, the initiative faces skepticism, particularly from the southern states.

President Bola Tinubu inaugurated the first tranche of funds, amounting to N32 billion, aimed at empowering Nigerian youth and breaking financial barriers to education.

The NELFund portal has registered 164,000 students, with 103,000 applying for loans.

Despite the promising start, many southern states remain doubtful about the fund’s implementation.

Akintunde Sawyerr, NELFund’s Managing Director, acknowledged these concerns, citing data challenges in verifying indigent applicants as a primary hurdle.

Sawyerr highlighted the lack of comprehensive data needed for credit assessments. The fund relies on bank verification numbers (BVN), National Identification Numbers (NIN), and educational institution data to determine eligibility.

More applications have been received from northern states, where students have shown greater confidence in the fund.

Sawyerr pointed out that skepticism in the south might stem from uncertainty about the program’s viability.

NELFund offers two types of loans: educational fees paid directly to institutions and upkeep loans for student stipends.

The focus is currently on government-owned institutions to ensure a smooth rollout.

President Tinubu emphasized education as a critical tool against poverty and insecurity, linking the nation’s challenges to a lack of educational opportunities.

He reaffirmed his commitment to inclusive growth through education.

As NELFund continues its rollout, efforts to address data issues and regional skepticism will be crucial. By building trust and ensuring transparency, the program aims to support more students nationwide and foster a fairer society.

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Federal Government Shortlists 5,000 for Oil and Gas Sector Overseas Scholarships

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The Federal Government has shortlisted 5,000 candidates for its prestigious overseas scholarships.

The announcement was made through the Petroleum Technology Development Fund (PTDF) in Abuja.

Bolanle Agboola, the Head of the Overseas Scholarship Scheme at PTDF, disclosed that the selection process for the 2024 scholarships had reached its final stage.

She revealed that the shortlisted candidates had participated in rigorous examinations across the six geopolitical zones of Nigeria.

“The purpose of this initiative is to empower Nigerians with high-tech skills required in the oil and gas industry,” Agboola stated. “The selection process was conducted simultaneously in various universities across the country.”

Highlighting the importance of the scholarships, Agboola emphasized the need for Nigeria to indigenize its oil and gas sector.

“Our target is to select the best candidates for the overseas scholarships,” she said. “This initiative aligns with the government’s goal of building local capacity in the oil and gas industry.”

When asked about the number of participants to be selected, Agboola explained that each state of the federation would receive an equal allocation of successful candidates based on the budget for the year.

However, she refrained from disclosing the exact budget allocated for the scholarship scheme.

Agboola defended the decision to send scholars abroad, citing the high-tech nature of the oil and gas industry and the need for hands-on experience with cutting-edge equipment and technology.

She also mentioned PTDF’s in-country scholarship program, where participants are trained in Nigeria.

The overseas scholarships will be offered in various universities in the United Kingdom, France, Germany, and Malaysia, providing Nigerian scholars with access to world-class education and training in the oil and gas sector.

With this initiative, the Federal Government aims to equip Nigerian professionals with the expertise needed to drive innovation and development in the nation’s vital oil and gas industry, ensuring its sustainability and competitiveness on the global stage.

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JAMB Releases 36,540 Withheld UTME Results, Dismisses Cyber Breach Claims

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The Joint Admission and Matriculation Board (JAMB) has quelled concerns over the integrity of the Unified Tertiary Matriculation Examination (UTME) results by releasing an additional 36,540 previously withheld scores.

This move follows earlier revelations of withheld results and assertions of a cyber security breach.

Fabian Benjamin, the spokesperson for JAMB, confirmed the release of these results in a statement issued late Tuesday in Abuja.

This latest batch of released scores, when combined with the 531 previously unveiled, brings the total number of results made public to 1,879,437.

Benjamin took the opportunity to address circulating rumors regarding the security of the UTME results.

He categorically dismissed claims of a cyber security breach, saying that the examination outcomes remain intact and securely stored.

He stressed that the results are not stored in any cloud system and thus cannot be compromised by external entities.

At the time of the UTME release, JAMB had disclosed that certain results were withheld pending further investigation.

Subsequently, 531 of these results were recently unveiled with the remainder still under scrutiny.

Benjamin explained that any candidates implicated in examination malpractice are undergoing thorough investigation.

The examination board intends to meticulously review footage from CCTV cameras installed across all accredited centers to ascertain each candidate’s involvement.

Benjamin urged the public to remain vigilant against misinformation originating from sources not affiliated with JAMB.

He attributed the discrepancies in minimum admissible scores to variations among tertiary institutions. Some institutions, he noted, proposed lower minimum scores than others, resulting in varying benchmarks.

Benjamin clarified that these benchmarks are determined collectively by all Heads of Institutions during the annual Policy Meeting on Admissions, ensuring uniformity across the country.

Also, Benjamin cautioned religious organizations against overstepping their designated roles.

He warned against the dissemination of false information to governmental bodies for personal gain.

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