Hackaholics 5.0: Wema Bank awards N145m to 7 innovators
The Managing Director of Wema Bank, Mr Moruf Oseni, told newsmen on Thursday in Lagos that this year’s prize nearly doubled the previous amount of N75 million.
The Managing Director of Wema Bank, Mr Moruf Oseni, told newsmen on Thursday in Lagos that this year’s prize nearly doubled the previous amount of N75 million.
By Aisha Cole
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has stated that the National Policy on Marine and Blue Economy will serve as a transformative framework to maximise the nation’s extensive marine resources.
He said that this initiative aims to create jobs, enhance sustainability, and drive economic growth by tapping into critical sectors such as fisheries, aquaculture, maritime transport and tourism.
The minister spoke on Tuesday in Lagos at the opening of the Technical Validation Workshop, part of a two-stage Stakeholders’ engagement sessions to develop a comprehensive National Policy on Marine and Blue Economy.
The News Agency of Nigeria (NAN) reports that the consultations with key stakeholders nationwide are part of the ministry’s efforts to develop a comprehensive National Policy, with the aim to establishing a sustainable framework that fosters economic growth.
This is through the responsible management of marine and blue resources to guarantee that exploits in the sector aligns with global best practices and contributes to Nigeria‘s development objectives.
In his keynote address in Lagos, Oyetola emphasised that “the blue economy is a transformative pathway for nations seeking to balance economic growth with environmental sustainability.
“At the end of this process, we expect to deliver a national policy document that clearly sets out the roadmap to developing our blue economy, creating jobs, promoting private sector investments, and delivering inclusive prosperity to all Nigerians, especially for our youths and women.”
The minister highlighted the achievements in maritime governance, including Nigeria’s zero-incident piracy record for three years, the ratification of key international protocols, and strides in port modernisation.
These, he noted, had set a strong foundation for the policy’s success.
He also reiterated Nigeria’s commitment to tackling illegal, unreported, and unregulated (IUU) fishing, which threatens the nation’s fisheries and aquatic ecosystem.
“A robust Nationa! Policy will ensure that we address these issues through a comprehensive framework that aligns with international best practices while safeguarding our marine resources for future generations,” he added.
The policy draft, which was subjected to stakeholder validation at the workshop, encompasses key components.
It includes legal and institutional framework, trade and shipping, fisheries and aquaculture, marine abiotic resources, marine innovation and technology and cross cutting issues such as safety, security, and sustainability.
“Our partnerships with the African Union Inter African Bureau for Animal Resources (AU BAR), the Kingdom of Norway, WorldFish and other stakeholders, have yielded notable strategy and policy documents that are very vital inputs into the National Policy on Marine & Blue Economy.
“The National Policy we seek to craft must therefore be comprehensive to tackle all challenges and unlock the full potentials of the sector,” Oyetola stated.
The minister expressed optimism about the impact of the policy on job creation, youth empowerment, and poverty alleviation, particularly in coastal communities.
He also reiterated Nigeria’s bid for election into Category C of the International Maritime Organisation (IMO), a move aimed at amplifying Nigeria’s voice in global maritime governance.
“As we develop this policy, the ministry remains committed to repositioning Nigeria as a dominant player in the marine and blue economy both regionally and globally,’ the minister added, while he commended the collaborative efforts of all parties involved, urging participants to engage in constructive dialogue.
“This workshop is therefore a call to duty to refine and validate the propositions and set the stage for our collective success. As we deliberate, let us embrace open and constructive dialogue.
“Your insights and expertise are vital for shaping a national policy that addresses critical issues such as safety, security, and sustainability in Nigeria’s marine and blue economy,” Oyetola said.
The Permanent Secretary of the ministry, Mr Olufemi Oloruntola, commended the minister’s dedication to shaping the policy as a framework that offers stakeholders an opportunity to review and contribute towards its refinement.
He noted that the presence of diverse stakeholders highlighted the collective effort required to advance the marine and blue economy for national growth.
Oloruntola expressed confidence that the outcome of the workshop would provide a clear roadmap for sustainable development, describing the initiative as a collaborative milestone.
Stakeholders at the workshop also commended President Bola Tinubu’’s for his Renew Hope agenda in establishing the ministry to unlock the country’s marine potential for economic development.
The Secretary General, African Shipowners Association, Ms. Funmi Folorunsho, noted that the engagement with stakeholders is vital to formulating government policies.
The finalised policy is expected to set the roadmap for sustainable development, prom private-sector participation, and reposition Nigeria as a dominant player in the global marine economy.
The Technical Validation Workshop brought together technical officers, head of government agencies, and industry stakeholders who are expected to refine the draft a provide input for finalising the national policy.
The two-stage stakeholders’ workshops will culminate in December with an Executive Validation Workshop in Abuja.
Edited by Olawunmi Ashafa
By Grace Alegba
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved.
Mr Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos.
The theme of the conference is: “Strengthening Nigeria’s Financial Safety-Net: The Role of Deposit Insurance”.
Hassan, represented by NDIC’s Executive Director, Operations, Mr Mustapha Ibrahim, said that the corporation was working diligently to facilitate payments.
Hassan explained that depositors with amounts above the maximum insured limit of N5 million were being reimbursed through liquidation dividends derived from asset recovery and debt realisation efforts.
“The corporation has initiated the process of debt recovery and realisation of investments as well as physical assets of the defunct bank to ensure timely payment of uninsured deposits,” he said.
He added that NDIC’s responsibilities also extend to creditors of the defunct bank, who would receive payments after all depositors had been fully reimbursed.
“This orderly process, based on asset realisation and prioritisation of claims, is essential for maintaining public trust in the banking system and promoting financial stability,” Hassan noted.
According to him, the theme of the conference is in line with the corporation’s recent engagement with business editors and finance journalists.
He emphasised NDIC’s mandate to protect depositors, especially the uninformed, and its commitment to financial system stability.
Established over three decades ago, the commision’s boss said that NDIC safeguards depositors’ funds and mitigates risks in the banking sector.
Responding to questions, Hassan provided updates on Fortune Bank, liquidated over a decade ago.
He told the News Agency of Nigeria (NAN) that NDIC faced challenges collating depositor data due to the absence of Bank Verification Numbers (BVN) at the time of the bank’s operation.
Bello, however, assured Nigerians of prompt payment of depositors of defunct Fortune Bank Plc.
He stated that litigation also delayed NDIC’s intervention, but added that payments had started for insured deposits, with efforts underway to pay the uninsured portion and other claimants.
“We’ve already paid the insured portion and are now paying the uninsured portion and other claimants,” Hassan said.
He assured of the commision’s continued awareness efforts to encourage more depositors to come forward.
Hassan commended the media for its role in the successful implementation of the deposit insurance system.
The Managing Director of the News Agency of Nigeria (NAN), Malam Ali Muhammad Ali, described the forum as an “eye-opener” for editors, enhancing their understanding of global financial sector trends.
Ali said the theme of the conference was apt and addressed worries caused by turbulence in the financial sector, especially in the banking sector.
Ali praised NDIC’s ability to secure 98 per cent to 99 per cent of depositors’ funds, reinforcing public confidence in the banking system.
According to him, the forum is a learning curve every year and editors are kept abreast with new information on the health of the global economy and the Nigerian economy.
Mr Eze Anaba, President of the Nigeria Guild of Editors, emphasised the forum’s importance, stating, “It is reassuring to know our banking sector remains stable despite the challenging economic situation.”
“We know how challenging the economic situation is. And it will be a double job if our banks are also not healthy. And listening to you here today, it’s reassuring for us to know that things are well,” he said. (NAN)
Edited by Olawunmi Ashafa
By Busayo Onijala
By involving young people in decision making processes, societies can cultivate a generation equipped to tackle tomorrow’s challenges, an official of International Organisation for Migration (IOM) has said.
Ali Ibrahim, Head of IOM Office in Lagos, said that every individual, regardless of his or her background, had the potential to contribute significantly to societal development.
He made this known at a public lecture in commemoration of the 79th anniversary of United Nations Day, on Thursday in Lagos.
The lecture was organised by IOM, in collaboration with the Center for Housing and Sustainable Development (CHSD) and the Institute of African and Diaspora Studies (IADS), University of Lagos.
The News Agency of Nigeria (NAN) reports that the 2024 United Nations Day is significant as member states recently concluded negotiations culminating in the adoption of the ‘Compact for the Future.’
According to Ibrahim, this landmark commitment is designed to reinvigorate collective efforts to secure the future the world aspires to attain.
He said it highlighted key actions, including eradicating poverty, combating climate change, achieving gender equality and ensuring access to health, education and social protection.
“Most importantly, it underscores the necessity of building peaceful, just and inclusive societies with a strong emphasis on youth involvement,” Ibrahim said.
He noted that IOM was committed to raising awareness and visibility of UN initiatives through public lectures in universities across Nigeria.
These sessions, Ibrahim said, were not just lectures but platforms for preparation, innovation and empowerment.
“At IOM, we work with the Nigerian Government to promote migration management and promote regular pathways for migration.
“We also work with youths as they are affected in many ways including climate change, irregular migration and lack of resources for development.
“Youths are one key sector of our engagement, and even the pact for the future has a dedicated chapter on them,” he said.
Prof. Muyiwa Falaiye, Director of IADS, said that the public lecture was part of the institute’s advocacy efforts.
“Its exciting that young people are being enlightened and made aware of opportunities available for them to join the UN,” he said.
Falaiye said that it was important in developing the entire fabric of humankind.
“The UN is about humankind and humankind is about all we do at IADS,” Falaiye said. (NAN)
Edited by Ijeoma Popoola
By Rukayat Adeyemi
The total assets of Wema Bank Nigeria has grown by 38 per cent, to N3.084 trillion in third quater of 2024, from N2.24 trillion posted in the corresponding quarter of 2023.
The Managing Director of the bank, Mr Moruf Oseni, said this on Wednesday in the bank’s unaudited Consolidated Financial Statements for the period ended, Sept. 30 2024, sent to the Nigerian Exchange Group (NGX).
Oseni said that the bank also reported profit before tax of N60.62 billion for the period under review, representing 174 per cent increase over N22.13 billion recorded in the corresponding period of 2023.
The managing director stated that the bank grew its deposit base year- to-date by 23 per cent to N2,29 billon for the quarter under review, from N1,861 billion reported in the same period of 2023.
According to him, Wema Bank’s Non-Performing Loan (NPL) as at the quarter under review, stood at 3.19 per cent.
Oseni said that the bank grew its gross earnings by 91 per cent to N288.32 billion in the quater under review, against N150.90 billion posted in the same quarter of 2023.
He stated that the bank’s Interest Income went up by 81 per cent year-on-year to N229.11 billion, in contrast to N126.67 billion recorded in the corresponding period of the previous year.
The bank’s non-interest income also advanced by 144 per cent year-on-year to N59.21 billion, from N24.23 billion posted in the same quarter of 2023.
Oseni said the bank’s Reported Return on Equity (ROAE) of 38.62 per cent , Pre-Tax Return on Assets (ROAA) of 2.64 per cent, Capital Adequacy Ratio (CAR) of 14.06 per cent and Cost to Income ratio of 60.47 per cent for the period under review.
“Our 2024 third quarter numbers speaks to our resilience despite a tough operating environment.
“We will sustain our growth trajectory into 2025. The performance is headlined by impressive improvements in profit before tax which grew strongly by 174 per cent.
“The growth of gross earnings by 91.07 per cent, total assets by 38 per cent and earnings per share at 328.1k shows the core improvements to our balance sheet.
“In addition, our cost to income ratio at 60.48 per cent has witnessed significant improvement from the previous period,” he said.
Wema Bank is a leading financial services entity with banking operations across Nigeria and leading in the digital banking space. (NAN)
Edited by Kamal Tayo Oropo
By Yunus Yusuf
TotalEnergies E&P Nigeria Ltd., has called on Nigerian students to actively seek literature that aligns with their future aspirations.
Mr Victor Bandele, the Deputy Managing Director of Deepwater Asset, made the call during the company’s Annual Book Reading and Open Day event for secondary schools in Lagos.
The News Agency of Nigeria (NAN) reports that the event has the theme, “The World is a Maze; Navigate It – Read”.
The event highlights the importance of reading in fostering personal and professional growth.
Bandele emphasised the value of reading, stating, “Reading is one of the most essential habits we need to develop in life for information, direction, and character development.”
He referenced former U.S. President Barack Obama’s assertion that “reading is the gateway skill that makes all other learning possible”, reinforcing the theme of the day.
The event provided an opportunity for students to engage with role models and mentors, inspiring them to commit to lifelong reading.
Bandele noted, “You are in a privileged age where reading is more accessible than ever, with e-books and digital devices allowing you to read anytime, anywhere.”
He highlighted the broad scope of knowledge contained in books, including history, science, art and various professional practices.
“Philosophers, lawyers, journalists, politicians and scientists all attest to the pivotal role books have played in their successes,” he added.
Bandele recommended the book, “Give Us Each Day” by Samuel Monye, encouraging students to explore literature that could enhance their understanding of themselves and the world.
“The books you read will shape your future,” he said, noting their ability to provide wisdom, entertainment and companionship.
Bandele said that through the event, TotalEnergies aims to cultivate a culture of reading among students, equipping them with the tools necessary for future leadership and success.
In his remarks, Dr Kadri Hamzat, Deputy Governor of Lagos State, echoed TotalEnergies’ call for students to prioritise reading and research to succeed in their future endeavours.
Hamzat, represented by Mr Jamiu Alli-Balogun, the Lagos State Commissioner for Education, expressed appreciation for TotalEnergies’ commitment to organising educational reading events aimed at improving students’ skills.
Hamzat highlighted a concerning trend: the decline of reading culture in Nigeria.
He stressed the need to revive the educational system, citing a growing apathy among students toward discovering new knowledge, largely attributed to distractions from social media.
The deputy governor said, “The key issue is that social media diverts our attention from essential learning.
“Reading is crucial; it not only helps you learn but also allows you to discover new things. By investing in reading, you’re investing in yourself.
He shared his personal passion for reading, noting that he has over 600 books in his collection.
“Wherever I go, my first stop is always the bookstore. I make it a priority to enrich my knowledge,” he stated.
Hamzat acknowledged the positive impact of the reading initiative but emphasised the need for more engagement within schools.
“We must ask ourselves: Do we have book clubs? How many books have you read recently? If there are no books in your school, how can we expect students to read?”
He described the importance of fostering a strong reading culture among students, as both a present and future investment in their education and development.
Responding, Master Oladipupo Kehinde, a student from Kristobell Academy Secondary School, expressed gratitude to the organisers of the Deep Water Asset Book Reading and Open Day for their commitment to enhancing students’ knowledge.
“I learned so much about research and reading. The impact of reading is truly beneficial.
“This programme has shown me the importance of engaging with energy initiatives that positively influence society.
I didn’t realise this before, but now I understand its significance,” she said.
Miss Agbasa Dorcas, a student from Ojoo Senior High School, also shared her enthusiasm.
“I feel great and gained a lot from this book reading day. I received valuable advice and insights, and I hope God blesses those who organised this programme,” she said.
The News Agency of Nigeria (NAN) reports that ten schools registered for the Deep Water Asset Book Reading and Open Day 2024.
The participating schools are Government Senior Secondary School, Ijanikin, Ajeromi Ifelodun Senior High School, Ajegunle, Amuwo Odofin Senior Secondary School and Awori Ajeromi Senior Grammar School
Others are Oloku Senior High School, Isashi Senior Grammar School, Ojoo Senior High School,Lagos State Senior Model College, Athens School, Potasfield School and Kristobell Academy Secondary School
Edited by Olawunmi Ashafa
By Olawunmi Ashafa
Dangote Cement Plc, Obajana Plant, on Thursday, marked its 2024 Sustainability Week with outreach programmes in Kogi, as part of its commitment to community development and environmental responsibility.
The company, in a statement issued by its Corporate Communications Department, also engaged in community service initiatives, including donations to local organisations.
It also carried out public awareness campaigns, aimed at sustainability and supporting vulnerable groups.
The company added that it used the Sustainability Week to educate young people on climate change and health-related issues.
“Through various programmes, Dangote Cement sought to raise awareness about environmental stewardship and public health in its host communities,” it said.
Dr Eseosa Ighile, Head of the Sustainability Department at Dangote Cement Plc, Obajana, said that this year’s Sustainability Week was focused on giving back to local communities, particularly through donations and engagement activities.
“Obajana Sustainability Champions visited the Ministry of Mercy orphanage in Lokoja, providing essential supplies, food items and spending time with the children and residents.
“The day was filled with fun activities, including games, and the orphanage management expressed deep gratitude for our contributions,” Ighile said.
She also noted that the initiative not only enhanced the company’s relationship with the orphanage but also uplifted employee morale by encouraging them to participate in meaningful community service.
Also, Mr Azad Nawabuddin, Plant Director of Dangote Cement Plc, Obajana Plant, described the 2024 Sustainability Week as a success, aligning with this year’s theme: SDG 11 – “Sustainable Cities and Communities”.
He added, “This year’s celebration was packed with activities involving employee and stakeholder engagement, as well as charity outreach programmes.
“Each day focused on a unique theme, engaging various stakeholders and delivering positive outcomes.”
Dr Igazeuma Okoroba, Head of Sustainability at Dangote Cement Plc, reaffirmed the company’s dedication to sustainability, emphasising that this year’s events were a testament to their ongoing commitment to supporting communities.
“Sustainability Week allowed us to express our dedication to humanity by sharing our sustainability message and supporting the residents of our host communities,” she said.
Edited by Folasade Adeniran
By Victor Adeoti
The United Nations Children’s Fund (UNICEF) has sought the support of stakeholders in eliminating Neglected Tropical Diseases (NTDs) in Nigeria.
Mr Monday Johnson, UNICEF Water, Sanitation and Hygiene (WASH) specialist, made the call in Lagos at a two-day media dialogue on ending open defecation in Nigeria and eradicating NTDs.
According to him, NTDs are diverse group of conditions caused by a variety of pathogens (including viruses, bacteria, parasites, fungi, toxins) and associated with devastating health, social and economic consequences.
Referencing the Nigeria master plan for NTDs 2023-2027, Johnson said that the country had the highest NTD burden in Africa, with more than 200 million people at risk of at least one of the diseases.
Johnson, however, said that WASH was critical in the prevention and care for all the 17 NTDs.
The UNICEF WASH expert noted that NTDs were associated with poverty and prevalent in areas that had poor sanitation, inadequate or no safe water sources and substandard housing conditions.
Johnson said that NTDs and poor access to WASH contributed to a vicious cycle of poverty and disease, adding that the disease could lead to catastrophic health expenditure and reduced economic productivity.
He said the goal of the programme was to progressively reduce morbidity, disability, and mortality due to the disease using integrated and cost-effective approaches with the view to eliminating NTDs in Nigeria by 2030.
Johnson noted that to eliminate NTDs by 2030, there was a need for behavioural change among the people by embracing the use of toilets and avoiding open defecation.
He said that achieving open defecation-free Nigeria should include the use of any form of improved toilets that prevent exposure of faeces to the environment, to move up the sanitation ladder.
He advised people to always cultivate the habit of disposing of faeces (human and animal) in the toilet and avoid urinating in the river, lake or pond, among other measures.
In his remarks, Mr Dare Olatunji, Sanitation and Hygiene Manager, Water Aid, said adequate provision of potable water and clean hygiene were important in achieving open defecation-free Nigeria.
Mrs Chizoma Opara, a Deputy Director at the Federal Ministry of Water Resources and Sanitation, said that only 18 per cent of Nigerians, that is 37 million people, have access to safely managed sanitation services.
Opara, who is also the National Coordinator of the Clean Nigeria Campaign, noted that the national vision was that by 2030, every Nigerian would have access to safely managed sanitation, and hygiene facilities in cities, small towns and rural communities. (NAN)
Edited by Tayo Ikujuni
By Yunus Yusuf
The National Commission for Refugees, Migrants, and Internally Displaced Persons has partnered with the Cormode Cancer Foundation to address cancer in Nigeria’s IDP camps and host communities.
The partnership is aimed at establishing Cormode Cancer Champions Clubs in secondary schools across the country to educate young people about cancer prevention and early detection.
The Federal Commissioner for the Commission, Mr Tijani Aliyu, in a statement issued by the partners on Sunday in Lagos, said that the initiative also aimed to improve the health and wellbeing of displaced persons.
Aliyu also said that it would help to reduce the stigma associated with cancer and empower young people as advocates for cancer awareness.
“We are delighted to partner with Cormode Cancer Foundation to address the critical issue of cancer awareness in our IDP camps and host communities.
“This initiative aligns with our commitment to improving the health and wellbeing of displaced persons.
“By educating the youth about cancer, we aim to foster a healthier future and reduce the stigma associated with this disease.
“We are excited to endorse the launch of the first 150 Cancer Champions in September, a milestone that we believe will attract potential donors to expand this vital programme.”
Also, Dr Denise Ejoh, founder of the Foundation, explained that the project was dedicated to making a difference in the lives of those affected by cancer, particularly in vulnerable communities.
Ejoh emphasised the importance of addressing the emotional and psychological impact of cancer, especially in vulnerable communities.
“We are honoured to collaborate with the National Commission for Refugees on this vital initiative.
“We commend the Honourable Commissioner, Hon. Tijani Aliyu, for his passion and dedication to ensuring that the camps are cancer-free and well-educated.
“Through this partnership, we hope to educate and empower young people, providing them with the tools and knowledge to prevent and detect cancer early,” he said.
He explained that the programme would address the emotional and psychological aspects of cancer and displacement, offering grief and trauma education to build resilience and hope.
Mrs Ndidi Odia, Club Coordinator and daughter of a cancer survivor, highlighted the need for educating caregivers and providing support to those affected by cancer.
Odia said, “As someone who understands the challenges of living with cancer through my mother’s experience, I recognise the importance of educating people, especially caregivers, about this disease.
“Our efforts will focus on providing accurate information and support to those in the camps and host communities.
“We aim to ensure that everyone understands the importance of early detection and the resources available to them.”
According to her, the initiative marks a significant step toward improving cancer awareness and education in Nigeria’s most vulnerable populations.
“The Cormode Cancer Champions Clubs will serve as a platform for disseminating critical information, providing emotional support, and fostering a community of informed and proactive individuals, she added.
She explained that the endorsement of the launch of the first 150 Cancer Champions in September by the Commission was anticipated to draw support from donors, facilitating the expansion of this crucial programme.
Also, Mrs Noni Okocha, of “I Am the Future of Nigeria Youth Initiative”, a partnering NGO, said: “It is crucial to educate not only the internally displaced persons but also future generations on the importance of cancer awareness.
“By doing so, we can create a more informed and health-conscious society.
“We are proud to be a part of this initiative and look forward to seeing the positive impact it will have on these communities.” (NAN)
Edited by Olawunmi Ashafa
By Segun Giwa/Millicent Ifeanyichukwu
The United Nations Children’s Fund (UNICEF) has called for stronger commitment from state governments and stakeholders in the education sector to develop models that will reduce the high number of out-of-school children in Nigeria.
Azuka Menkiti, UNICEF Education Specialist, made the remarks on Monday in Ibadan during a two-day regional stakeholders meeting on out-of-school children and models for retention, transition and completion of education in South-West states.
Menkiti said that such commitment was crucial to addressing the barriers impeding students’ retention, transition and completion of secondary school.
The News Agency of Nigeria (NAN) reports that the meeting was attended by commissioners for education, religious leaders, and educationists from Lagos, Ondo, Osun, Ogun, Ekiti, and Oyo states.
According to Menkiti, the number of out-of-school children in Nigeria is alarming, and the country needs to build multiple learning pathways to tackle this crisis and improve retention and transition rates in secondary education.
She noted that UNICEF had successfully tested scalable intervention programmes, which state governments could replicate to reduce the number of out-of-school children in Nigeria.
Speaking on UNICEF’s education priorities for 2023-2027 and its strategic focus for 2024, Menkiti said the agency was supporting states to strengthen systems and expand access to quality learning.
Citing data from the National Bureau of Statistics (NBS) and UNICEF’s Multiple Indicator Cluster Survey (MICS) 2021, she revealed that only 39 per cent of the poorest girls attend primary school and just 41 per cent of primary school students remain in school by the end of junior secondary school.
“Only 73 per cent of children aged 7 to 14 demonstrate functional reading skills and 43 per cent of children with functional difficulties are in primary school. This is what UNICEF aims to change.
“UNICEF’s goal in addressing the out-of-school children crisis is to ensure that adolescents have access to secondary education, are equipped with the knowledge and skills to complete secondary education and can transition into work or further education and training.
“The agency’s objective is to strengthen government systems, expand access to secondary education and enhance learning and skills,” Menkiti said.
She urged governments at all levels to show more commitment to retaining students in school and ensuring their transition and completion, as education is key to breaking the cycle of poverty in families.
In his presentation, Babagana Aminu, another UNICEF Education Specialist, stated that out of six million children enrolled in primary education yearly, one million do not advance to lower secondary school.
Quoting from the MICS 2021 survey, Aminu said that the education completion rate in the South-West region stood at 92.6 per cent for primary education, 85.3 per cent for lower secondary, and 72.9 per cent for upper secondary.
He assured that UNICEF would continue to support governments in minimising the number of out-of-school children in the country.
In his remarks, the Oyo State Commissioner for Education, Prof. Salihu Abdulwaheed, described the issue of out-of-school children as “embarrassing” and in urgent need of resolution.
“To achieve the desired results in the state and the region, serious and consistent intervention is necessary over the next five years.
“With the efforts of state governments, most out-of-school children in the states are non-indigenes. The government is doing everything possible to change this narrative,” he said. (NAN)
Edited by Victor Adeoti/Ayodeji Alabi
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