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Buhari Approves N320.3Bn Intervention Fund For Tertiary Insitutions

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Buhari Approves N320.3Bn Intervention Fund For Tertiary Insitutions

Buhari Approves N320.3Bn Intervention Fund For Tertiary Insitutions

President Muhammadu Buhari has approved the disbursement of N320.3 billion as intervention funds for public tertiary institutions in the country.

The Executive Secretary of Tertiary Education Trust Fund, Sonny Echono, disclosed this in Abuja on Wednesday April 5, during the Fund’s annual strategic planning workshop with all heads of beneficiary institutions.

According to the TETFund boss, each university will receive the sum of N1,154,732,133.00 while each polytechnic and college of education will get N699,344,867.00 and N800,862,602 respectively.

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“I am pleased to inform you that Mr. President has approved the 2023 disbursement guidelines in the total sum of N320,345,040, 835. Based on this, each university shall get, for the Year 2023 intervention cycle, the total sum of N1,154,732,133.00, he said.

“This comprises N954,732,123.00 as annual direct disbursement and N200 million as zonal intervention. Similarly, each Polytechnic shall get N699,344,867.00 comprising of N569,344,807.00 as annual direct disbursement and N130million as zonal intervention, while each College of education shall get N800,862,602 comprising of N670,862,602.00 as annual direct disbursement and N130million as zonal intervention.

“It is pertinent to note that this represents the highest disbursement to each beneficiary institution, since the inception of the Fund.”

Echono further said the fortunes of the Nigerian tertiary education sector have improved significantly under Buhari’s administration, adding that between 2015 to date, the total sum of N1.702 trillion has been disbursed as education tax collection to public universities, polytechnics, and colleges of education compared to a total sum of N1.249trillion disbursed from the inception of the Fund in 1993 up to 2014 (21 years).

“This remarkable success is due to sustained efforts at expanding and increasing the efficiency of collection of the Education Tax and added impetus is the gracious approval of Mr. President for an increase in education tax from 2.0% to 2.5% in the year 2021,” he added.

Also speaking, the Permanent Secretary, the Federal Ministry of Education, David Adejo, urged the beneficiary institutions to use the intervention judiciously, saying that the country is no longer looking for paper presentations but what one can do with his brain and hands.

Buhari Approves N320.3Bn Intervention Fund For Tertiary Insitutions

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Education

UNIBEN Partners with OpenBinacle to Preserve African Languages

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UNIBEN Partners with OpenBinacle to Preserve African Languages

UNIBEN Partners with OpenBinacle to Preserve African Languages

……Collaboration Aims to Promote AI-Driven Language Preservation

The University of Benin (UNIBEN) has joined forces with OpenBinacle, a Nigerian-owned tech company, to advance the preservation and promotion of African languages through the use of Artificial Intelligence (AI) and Machine Translation (MT).

The partnership, formalized through a joint statement issued in Benin, focuses on standardizing and preserving indigenous languages across Nigeria and Africa. Vice-Chancellor of UNIBEN, Prof. Lilian Salami, praised the collaboration, highlighting its alignment with the university’s mission of being a globally recognized institution in research and education.

OpenBinacle’s CEO, Emmanuel Gabriel, emphasized that the initiative would foster the development of AI researchers and software developers, enhancing language translation technologies across the continent. The project aims to preserve over 2,000 African languages, providing job opportunities and technical training for students and youths.

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Education

Sprezzatura Publishing Introduces Innovative Resource for Young Learners

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Sprezzatura Publishing Introduces Innovative Resource for Young Learners

By Halima Abdulkadiri

Sprezzatura Publishing Limited has launched a pioneering new book titled “Taxation: Essential Knowledge for Nigerian Children,” authored by Arabinrin Aderonke and Ejura Blessing Haruna. The 147-page guide is designed to make the complex topic of taxation accessible and engaging for young readers in Nigeria.

The book opens with a foreword by Dr. Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), underscoring the importance of early tax education. Dr. Adedeji highlights the role of tax knowledge in shaping financially responsible citizens, emphasizing its relevance to the nation’s democratic future.

Structured into 13 chapters, the book covers various aspects of taxation, from its historical roots to the different types of taxes and the government’s role in tax collection. The authors utilize simple language and relatable examples, making the subject approachable for children and young adults.

To further enhance learning, the book includes interactive elements such as questions and activities at the end of each chapter. This method not only reinforces key concepts but also encourages readers to actively engage with the material, fostering a deeper understanding.

“Taxation: Essential Knowledge for Nigerian Children” is being recommended for educational institutions across Nigeria, offering a valuable resource to equip young minds with the knowledge needed for their financial futures.

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Education

WAEC announce 215,267 Results Over Exam Malpractices, Records 73.79% Pass Rate

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WAEC announce 215,267 Results Over Exam Malpractices, Records 73.79% Pass Rate

WAEC announce 215,267 Results Over Exam Malpractices, Records 73.79% Pass Rate

The West African Examinations Council (WAEC) announced the release of the 2024 West African Senior School Certificate Examination (WASSCE) results on Monday, revealing that 73.79% of the candidates achieved credit passes in at least five subjects. However, the results of 215,267 candidates, representing 11.92% of the 1,805,216 candidates who took the exam, have been withheld due to various cases of examination malpractice.

Dr. Amos Dangut, Head of WAEC Nigeria, stated that the 2024 exam was conducted over seven weeks, from April 30 to June 24, across Nigeria. He noted that 1,301,941 candidates, or 72.12%, obtained credits in five subjects, including English Language and Mathematics. Additionally, 93.39% of the candidates had their results fully processed and released, while 6.61% are still under processing.

Dangut attributed the withholding of results to incidents of malpractice, including the use of cell phones in examination halls and organized cheating in certain schools. The number of withheld results this year is 4.37% lower than in 2023, where 16.29% of results were withheld.

Investigations into the malpractice cases are ongoing, and decisions will be made by the appropriate WAEC committee. Candidates whose results have been withheld will be informed through their schools, and they have the option to appeal via the WAEC website.

Furthermore, Dangut highlighted that the results of candidates from states owing the council will not be released until the debts are settled. The WASSCE was conducted in four WAEC member countries: Nigeria, Gambia, Sierra Leone, and Liberia.

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