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Stockbrokers’ Institute courts polytechnic students



Many students of Lagos City Polytechnic are expected to enroll for the Diploma Programme of Chartered Institute of Stockbrokers (CIS), following tips on the array of opportunities for professionals in the securities market, offered by the Institute’s first Vice President, Mr Oluropo Dada.

Mr Dada, who was the keynote speaker at the 15th Convocation Ceremony of Lagos City Polytechnic recently, advised the graduating students to expand their career through certification in the capital market.

According to him, CIS offers two-level Professional Diploma in Securities and Investment, which do not only prepare the holders for jobs in the financial market but enhance their aspiration to become core securities dealers.

“There are immense opportunities in the Nigerian capital market. Chartered Institute of Stockbrokers (CIS) offers two Professional  Diploma in Securities and Investment to meet the needs of those who want to expand their careers and become professionals in the securities market.

“You have a lot to benefit from these Programmes. They will elevate you into full-fledged professionals in the financial market. Above all, you must continually uphold the tenets of skills and integrity, the hallmark of a professional,” Dada explained.

The graduating students were excited and many of them indicated interest in the Diploma courses. Speaking on “Enhancing the Standard of Tertiary Education in Nigeria,” Dada made a critique of the state of tertiary education in Nigeria and urged the federal government to increase the budget for education in line with UNESCO’s standard.

“Tertiary Education has become more than a necessity. It has been embedded into the culture of an average Nigerian household,  regardless of their status. It is not only seen as an investment in human capital; it is also seen as a prerequisite for economic development.

“While the quantity of education increased dramatically, the quality nose-dived to an unprecedented level. The goals of tertiary education encompass the development of relevant high-level manpower, the development of intellectual capability of individuals and the acquisition of physical and intellectual skills.

“The major difference between developed and less developed countries lies in the quality of their educational provisioning. Countries that are now regarded as having knowledge-based economies are essentially those that have paid remarkable attention to providing tertiary-level educational opportunities through which researched knowledge is taught and reproduced.

“With a population of over 200 million people, Nigeria’s future success depends heavily on the standard of its Tertiary education. A well-functioning Tertiary education system with enhanced standards is imperative for the country’s economic growth and development.

“To enhance the quality of Tertiary education in Nigeria, the following recommendations are made: There should be a comprehensive review of the state of the Nigerian tertiary education sector to draw up a strategic plan and road map to revitalize it in line with global best practices.

“The concept of Dual education, otherwise known as Vocational Education or apprenticeship training should be encouraged to reposition our Tertiary Institutions to be centers of innovation, incubation, and technology development, as well as trainers of entrepreneurship and creativity.

“This is why education at the secondary school level should appeal to the three domains – Cognitive, Affective, and Psychomotor. Specifically, through Dual education, the town meets with the gown, and Theory is married to the practice.

Tertiary institutions should partner with companies and establish industry connections that enable students to undertake in-company placements and internships. This would enhance the development of practical skills

“There should be Investment in Enterprise Skills Development to improve graduates in Nigeria. There should be diversification of the Tertiary Education curriculum to meet the needs of the labour market.

“Efforts should be made to employ qualified lecturers and Instructors, and there should be Continuous Training and Capacity Development of Lecturers to make them more efficient and effective in transferring knowledge to the students.

“The Government should suspend further approval of new Tertiary Institutions to enable the existing ones to consolidate and acquire the necessary infrastructure, resources, and facilities for effective learning. The funding of Tertiary education in Nigeria should be improved.

“The proposed budget of N1.54 trillion for education in 2024, represents 6.39 percent of the total budget. This is at variance with the UNESCO recommended minimum of 26 percent of the Budget,” Dada explained.

In his welcome address, the President and Chairman of Lagos City Polytechnic, Engineer Babatunde Odufunwa, congratulated the graduating students for attaining the enviable academic standard.

He urged them to continue to strive for excellence by building on their strong academic and professional foundation. According to him, they should be good ambassadors of the institution.


UNIBEN ASUU threatens to boycott April 28 resumption over violence on campus



By Elvis Omoregie, Benin

The University of Benin Branch of the Academic Staff Union of Universities (ASUU), on Monday said its members may not be available to resume academic activities on the 28th of April 2024, if immediate action and the necessary processes are not immediately initiated to nip in the bud incessant violence attack on lecturers and management staff by some errant students of the institution.

The ASUU leadership also noted that it is constrained to embark on teaching and research in an environment in which lecturers are prime targets for brutalisation or elimination by some UNIBEN students they are labouring to impact with the wealth of their intellectual property following attack on her members.

The ASUU position is coming on the heels of the attempted murder of Dr. Presley Osemwengie, a lecturer in the Department of Economics and member of the University of Benin Branch of the Academic Staff Union of Universities (ASUU), by some members of the Executive Committee of the University of Benin Students Union.

A statement signed by Ray Chikogu and Success Abusomwan, Chairman and Secretary respectively, UNIBEN Branch of the Academic Staff Union of Universities (ASUU) and made available to Nigerian NewsDirect in Benin City noted that Dr. Presley Osemwengie was attacked, hit in the back of his head with a small axe and left for dead in the pool of his own blood by some of those in the company of the Students Union President.

The statement reads in part, “We are constrained to issue this statement on the basis of the spate of violence and general atmosphere of insecurity that has pervaded the Ugbowo campus of the University of Benin of late. This culminated in the attempted murder of Dr. Presley Osemwengie, a lecturer in the Department of Economics and member of the University of Benin Branch of the Academic Staff Union of Universities (ASUU), by some members of the Executive Committee of the University of Benin Students Union led by their President and some ex- as well as non-students of the University on Friday the 12th of April, 2024.

“On that fateful day, the President of the Students Union of the University of Benin marched upon a gathering of staff of the University and their invited guests, ordering them to discontinue their interaction as he was not pre-informed and consequently, did not grant permission for the interaction to be held.

“In the resulting melee, Dr. Presley Osemwengie was attacked; hit in the back of his head with a small axe and left for dead in the pool of his own blood by some of those in the company of the Students Union President.

“It is necessary to note that this worrisome trend began with the assault by both students and nonstudents of the University on the person of the current Vice Chancellor of the University of Benin in September 2021 when she was humiliated and marched from her residence to the Main Gate of the University in very hostile circumstances.

“Other similar and very unsavoury incidents in which students of the University of Benin have threatened and brutalised lecturers of the University have also been reported at different times. This cannot continue.

“We wish to now state that it is impossible for our members to hereafter dispose of any teaching and research in an environment in which they are prime targets for brutalisation or elimination by some of the students they are labouring to impact with the wealth of their intellectual property. So it is incumbent on the Administration of the University of Benin to provide adequate security for staff of the University and create an atmosphere conducive for effective teaching and learning on our campuses.

“To the end that our members will feel safe to conduct their business of research, teaching, and supervision going forward from the 28th of April 2024 (being the date of resumption for the next academic session) therefore, and without prejudice to the work of the Committee set up by the University Administration to investigate the incident at stake, we state as follows as encapsulated in the resolutions of the meeting of the Congress of ASUU UNIBEN on Thursday the 18th of April, 2024.”

“Our Union condemns in very strong terms, the rebellious and terrorising acts of brigandage being carried out by our students both as individuals and under the cover of student unionism in their entirety,” Chikogu said.

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UNLOCK: FG to increase grant winners, support businesses with registration



As the ongoing UNLOCK Training Programme enters its final and crucial phase, participants on Monday got surprise boosters from the Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education (SSAP-TVEE), Madam Abiola  Arogundade, as she announced a decision to increase the number of grant winners and a promise of assistance in business registration.

Earlier on Friday, the fourth day of the programme, participants were also thrilled by the news that trainees of Vocational and Skills Acquisition Centres are included in the Students Loan Bill recently signed by President Bola Ahmed Tinubu to enable them obtain loans for the duration of their programmes.

In her remarks during the question-and-answer session on Monday, the Day 5 of the training, Arogundade said her Office (OSSAP-TVEE) would assist participants, especially start-ups, to process the registration of their new companies after the training. She added, however, that the assistance would be for only those who do not win the grant while grant winners would be expected to process theirs with part of their grants.

And welcoming the participants to the second week of the programme  at the end of the day’s training session, the SSAP-TVEE, who  expressed delight at their continued enthusiasm, announced, “I want to encourage you to continue to come for every single class, to start with your Business Plans. We have decided to include more people than we decided in the beginning for the grant; and so I want to encourage you to give us a reason for giving you the grant.”

Highlights of Monday’s training session included the assumption of the training function by a new facilitator, Mr. John Eyok, who took over from Bukola Mayie and the visit of the Senior Special Assistant to the President on Job Creation and MSMES, Hon. Tola Johnson, who exhorted the participants on the importance of the training they are currently undertaking.

On Friday last week, Chairman, House of Representatives Committee on Students Loans and Tertiary Education, Hon. Adegboyega Nasir Isiaka, who gave the news of the Students Loans Bill during a brief visit at the programme, explained that Section 2 of the Act clearly states that vocational trainees would henceforth be beneficiaries of the Students Loans.

According to the Committee Chairman, the Act provides that fees and maintenance cost of students of tertiary and skill acquisition centres would be entitled to some amounts of money for school fees and maintenance throughout the duration of their programmes.

“What that means is that if you are in any particular skills acquisition training institution that meets the requirements of the Board and Management of the Nigerian Education Loan Fund (NELFUND), you can benefit from the facility,” the Chairman said.

Explaining that the details of the Bill are being worked out in terms of how much each category of beneficiaries would be entitled to, the Chairman told the participants, “In broad terms, it means that you have to do more of these activities; because anyone that wants to acquire one skill or the other will now no longer be deterred by funding required to do that.”

No less than 105 participants physically attended the training on Friday and Monday, Days 4 and 5 of the programme, while the number of online participants continued to soar with over 5,000 actively participating from more than 18 states of the Federation. The training enters its final stages this week as  Mr. John Eyok takes over from Bukola Mayie.

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Unibadan students condemn 750% fee increase for fresh students



By Sodiq Adelakun

The proposed 750% fee hike for newly admitted students at the University of Ibadan has sparked outrage among the student body, prompting a swift response from the Student’s Union leadership.

In a joint statement issued by Samuel Tobiloba, President of the University Students Union, and Olaniyi Dolapo, General Secretary, a meeting with the university management has been requested to address the sudden fee adjustments.

The Student Union expressed shock upon learning of the fee increments when the university portal was opened.

The fees displayed on the portal reportedly range from N133,500 to N372,500, with additional utility and technology levies of N20,000 each expected from every student.

The statement issued by the Union underscores the concern and dissatisfaction felt by students regarding the arbitrary fee hike, highlighting the potential financial burden it imposes on newly admitted students.

According to the statement, “In a bid to clarify these, we reached out to the university management and it was confirmed that the opening of the portal was a demo process in preparation for the commencement of payment and registration processes and there was a plan for the increment of fees ranging from N133,500 to N238,500 aside the utility and technology levies (N80,000 in total).

“We note with concern that this increment represents about 450%-750% of the previous bundle fee which ranged from about N20,000 – N30,000.

“This is coming at a period when several students are finding it hard to cope with the current fees regime, and increased costs of living in the country.

“The union condemns this increment in strong terms, and requests that this proposed increment be reverted to the status quo.

“We are equally requesting a meeting with the university management towards resolving this issue,” the statement added.

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