Education
Tinubu Appoints Veteran Banker, Jim Ovia As Chairman Of Nigerian Education Loan Fund
Tinubu has appointed vetetan banker, Jim Ovia as the chairman of the Nigerian Education Loan Fund.
JomogNews reports that President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND).
This online news platform understands that this was announced in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26.
According to the statement, ‘‘the President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds and of ensuring that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.’’
Jim Ovia, CFR, is the founder and chairman of Zenith Bank Plc, one of Africa’s largest banks with over $21.4 billion in assets and shareholders’ funds of over US$2.4 billion as at December 2023. Zenith Bank is a global brand listed on the London Stock Exchange and the Nigerian Stock Exchange. In addition to major operations in Nigeria and other West African countries, the Bank has sizeable operations in London and Dubai.
Jim Ovia is the Founder and Chancellor of James Hope University, Lekki, Lagos which was recently approved by the National Universities Commission (NUC) to offer postgraduate degrees in business courses. James Hope University commenced activities in September 2023.
Through his philanthropy – the Jim Ovia Foundation – he has shown the importance he accords good education. In support of the Nigerian youth, Jim Ovia Foundation offers scholarships to indigent students through the Mankind United to Support Total Education (MUSTE) initiative. Most of the beneficiaries of Jim Ovia Foundation scholarship are now accountants, business administrators, lawyers, engineers, doctors etc.
He is the author of “Africa Rise and Shine”, published by ForbesBooks. The book which encapsulates Zenith Bank’s meteoric rise, details the secrets of success in doing business in Africa. He is an alumnus of the Harvard Business School (OPM), University of Louisiana (MBA), and Southern University, Louisiana, (B.Sc. Business Administration). Jim Ovia is a member of the World Economic Forum (WEF) Community of Chairpersons, and a champion of the Forum’s EDISON Alliance.
In recognition of Jim Ovia’s contributions to the economic development of Nigeria, in 2022, the Federal Government of Nigeria honoured him with Commander of the Federal Republic, CFR. Also, in May 2022, Jim Ovia was conferred with the National Productivity Order of Merit (NPOM) Award by the Federal Government of Nigeria. Earlier, he has been conferred with the national awards of Member of the Order of the Federal Republic, MFR, and Commander of the Order of the Niger, CON, in 2000 and 2011, respectively, as a testament to his visionary leadership and contributions to Nigeria’s financial services sector.
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
Education
LASG SHUTS ILLEGAL NURSING COLLEGE IN IKORODU
Lagos State government has sealed Tower College of Health Sciences in Gberigbe, Ikorodu, for operating an illegal nursing program.
A joint enforcement team on Thursday, comprising officials of the Lagos State Ministry of Health through the Directorate of Nursing Services (DNS), the Nursing and Midwifery Committee of Lagos State, and the National Association of Nigerian Nurses and Midwife (NANNM), Lagos State branch, with men of the Rapid Response Squad (RRS), stormed the school premises to enforce the closure.
During the operation, the Director of the college, Femi Ajekigbe was arrested and has been taken into custody for questioning and further legal action by the State.
Speaking to journalists after the closure, Mrs Sola Aketi, the Director of Nursing Services, Lagos State Ministry of Health noted that the institution had been notified of the imminent closure after an inspection team from the Nursing and Midwifery Committee of the state had earlier visited the institution in January 20, 2025, to assess its compliance with standards but several irregularities were uncovered.
According to her, the team led by Dr. Oladapo Olawale, alongside Nurse Ilawole, Comrade Ayobami Amusan and Comrade Idowu Osuntuyi reported that Tower College of Health Sciences failed to meet basic academic and infrastructural requirements for nursing education and consequently lacked accreditation from the Nursing and Midwifery Council of Nigeria, NMCN.
She confirmed that Tower College is just one of many unaccredited institutions operating in Lagos and vowed to extend the clampdown to other illegal nursing schools as the State will no longer condone such dangerous death traps.
Aketi said, “As a result of this closure, the illegal institution will cease all nursing training and educational activities with immediate effect.
“We have several of these schools across the state, and we will not stop until they are all shut down.
“Any further operation of the college is be considered unauthorized and dangerous to the people of Ikorodu and Lagos in general,” she added.
She warned that activities of these unapproved health institutions are dangerous and inimical to the well-being of any society and weaken the state healthcare delivery system.
Dr. Olawale Oladapo, who led the team in January 20, 2025 had advised the Association and the state government that the school lacked basic requirements needed for accreditation and so included in his report the immediate closure of the illegal school for the safety of the people.
In his report, he observed that, “the school had no demonstration room, no hospital affiliation for clinical postings, and no hostel accommodation for students who shockingly were already in their 300 level without undergoing any clinical training and resource verification from the nursing council.
“The inspection committee, however, recommended the immediate closure of the school, withdrawal of all students, and also the licenses of individuals parading themselves as nursing tutors without approval,” Oladapo noted.
Following the report, the Nursing and Midwifery Committee of the State and the Lagos State Ministry of Health issued a formal closure notice dated 20th February 2025, signed by Dr. Olawale Oladapo, Secretary of the Committee.
The letter stated that the decision to close the institution was due to failure to meet the minimum standards for accreditation as outlined in NMCN regulations, non-compliance with repeated warnings to correct identified deficiencies and evidence of substandard training and education, posing risks to the health, safety, and wellbeing of students and the public.
The premises have since been sealed and placed under surveillance to prevent any further unauthorized operation of the college as contrary action will be considered unauthorized and may result in legal action.
Education
Student Loan Application Hits One Million – NELFUND
The Nigerian Education Loan Fund (NELFUND) on Sunday said that the student loan scheme has crossed one million applications on its official portal.
The organisation noted that this marked one of the biggest uptake levels for a government-backed social scheme since the start of President Bola Tinubu’s administration.
NELFUND, in a statement by the Director, Strategic Communications, Oseyemi Oluwatuyi, stated that the milestone comes barely one year after the programme’s launch on 24 May 2024, describing it as proof that the student loan initiative is gaining strong national traction and public trust.
It said that over ₦116bn has so far been disbursed to students across universities, polytechnics and colleges of education in Nigeria, covering institutional charges and upkeep allowances.
The Managing Director of NELFUND, Akintunde Sawyerr, said the development reflected the impact of the President Tinubu Renewed Hope policy drive on access to higher education.
The statement explained: “Crossing the one-million mark represents more than data; it represents renewed hope for a generation of Nigerians determined to rise above financial barriers to education.
“It is a testament to visionary leadership, sound policy design, and the collective efforts of all stakeholders driving this transformative agenda.”
NELFUND reiterated that it is committed to continuous process improvement to make sure “every qualified Nigerian student, regardless of background or location, can access education funding with transparency, efficiency, and dignity.”
The agency described the programme as non-discriminatory — saying it benefits Nigerians across religions and ethnic backgrounds — and is helping to unify national aspirations through equal learning opportunities.
It said it remains focused on ensuring “no Nigerian is denied the opportunity to learn, grow or contribute to national progress because of financial limitations.”
Education
Just In: ASUU Suspends Two-Week Warning Strike
The Academic Staff Union of Universities has announced the suspension of its ongoing two-week warning strike.
The National President of ASUU, Prof. Chris Piwuna, made this known in an ongoing press briefing in Abuja on Wednesday.
According to Piwuna, the decision stemmed from the meeting of the National Executive Council meeting which was held overnight and ended by 4:00 am on Wednesday.
Piwuna noted that the union decided to embark on the strike due to the failure of the government to meet its demands on time.
“We’ve had useful engagements with representatives of the government to consider the response to the draft renegotiation of the 2009 agreements. However, we are definitely not where we were prior to the commencement of the strike.
“The union acknowledged that the government returned to the negotiation table. While noting that a lot more work is still required, NEC came to the conclusion that the ongoing strike should be reviewed. The decision to review the strike action was a result of efforts by our students, parents, and the Nigeria Labour Congress.
“Consequently, NEC resolved to suspend the warning strike to reciprocate the efforts of well-meaning Nigerians.”
Recall that ASUU declared a total and comprehensive warning strike starting from Monday, October 13.
ASUU is currently demanding the conclusion of the renegotiated 2009 FGN-ASUU agreement, the release of the withheld three and a half months’ salaries, sustainable funding of public universities, revitalisation of public universities, and cessation of the victimisation of lecturers in LASU, Prince Abubakar Audu University, and FUTO.
Others are payment of outstanding 25-35% salary arrears, payment of promotion arrears for over four years and release of withheld third-party deductions (cooperative contributions, union check-off dues).
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