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Japa: Nigeria In Deep Crisis, ASUU Laments

The Academic Staff Union of Universities, on Thursday, said the country was in a deep crisis following the migration of academics from Nigeria to other countries.
The union also advised the country to invest more in the education system while calling on the country’s budgeting agencies to separate the budget of the Tertiary Education Trust Fund from Nigeria’s annual budget to enable effective implementation.
ASUU President, Prof Emmanuel Osodoke, made the call at the TETFund Alliance for Innovative Research, Showcase and Closing Event held on Thursday at Innov8 Technology Hub, Airport Road, Abuja.
Osodeke, who spoke against the backdrop of suspicion that the national budget may not enjoy 100 per cent implementation, observed that strangely, for the first time, government decided to add TETFund’s budget to the national budget.
The ASUU president added that once TETTund’s budget is included in the national budget, “it is finished.”
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He also called on Nigerians to deal with inferiority complex, which allows them to depend on services abroad, stating that every country in the world that wants to develop must use its ideas and use its people and those ideas are in the universities.
Osodeke decried continuous patronage of foreign goods and services by Nigerians even when they can be sourced locally.
“In 2020 we were challenged to produce something better than IPPIS, it took us two months to produce it, UTA, which we have presented to National Assembly, to the House; then we said let’s test the twin and IPPIS came last; but Nigeria insisted on using IPPIS.
“Every year, the Nigerian government pays $40 to a company in UK for paying me salary and you reject the one in your university. You want to do anything you run abroad,” he said.
While commending TETFund for the TETFAIR project, he assured that the men engaged in the scheme can solve Nigeria’s problems, stating that “we must come back home and use our ideas.”
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Osodeke also warned against political interference in TETFund from authorities overseeing the ministry.
“Nigeria is in deep crisis. Our best brains whether in the academic or medical are leaving the country. Thousands of our colleagues, the good ones are leaving the country. Some are leaving to go and farm. We must rescue our country. Allow the money for universities go into universities,” he said.
Also speaking, the Minister of Labour, Simon Lalong, who described the occasion as a celebration of the remarkable innovative achievements over the year, said the scheme serves as a platform for researchers and innovators to showcase their groundbreaking ideas to transform them into tangible solutions.
Lalong expressed confidence that the valuable experiences gained through the TETFAIR will empower Nigerian scholars to contribute significantly to their fields at home and internationally.
Earlier, the Executive Secretary of TETFund, Arc Sonny Echono, said the fair was organised to support researchers in universities to bring their innovative ideas to fruition.
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While reiterating the importance of Nigeria transiting to a knowledge-based economy, Echono stated that the world has moved from a resource rich economy to a knowledge-based one and Nigeria cannot afford to lag behind.
“TETFund, as the foremost interventionist agency in Nigeria’s Tertiary Education Sector has deepened its intervention in content- based programmes. The Fund is making conscious investments in support of research, innovation and development as it remains the most compelling strategy for accelerating sustainable growth.
“In our bid to promote the institutionalisation of R&D, we have sought effective support for impactful research and innovation through partnership between tertiary institutions/research institutes, industry and government as a national response towards technological
“Accordingly, the TETFAIR programme is the outcome of a fruitful collaboration between TETFund and Innov8 Technology Hub, an organization dedicated to the support and advancement of Innovation Start-up Incubation, Technology Transfer, Knowledge & Skill Impartation, Prototype Development, and Fabrication in Nigeria.
“TETFAIR is a year-long programme which provides a unique opportunity for our academics and researchers in Nigerian Universities to transform their ideas into market-driven solutions, including the development and fabrication of prototypes.
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“Through the Initiative, selected teams of researchers and academic staff with promising ideas for innovative solutions in the programme’s areas of focus were supported via intensive in person and online trainings. mentorship and provision of access to high-end technology / specialized machinery to bring their ideas to fruition,” he said.
On his part, the Minister of State for Education, Hon Yusuf Sununu, said the TETFAIR was not the only research effort being made towards national development, stating that Nigerian researchers were also engaged in multi prong efforts, including the development of vaccines for preventable diseases in Usmanu Danfodiyo University, Sokoto.
Sununu called on TETFund to scale up copywrite ownership protection so that the innovators will not lose copywrite ownership of their products and services.
The minister also called for collaboration between the academia and industry and other stakeholders to ensure marketability of the products churned out by the innovators.
In her remarks, the Chaiman House Committee on Tertiary Education, Princess Miriam Onouha, expressed satisfaction with the level of research efforts put together by Nigerian academics through TETFund’s partnership with Innov8 Hub under the TETFAIR scheme.
Onouha expressed hope that gains made in the project will eventually help to address unemployment in the country, while assuring that the legislature will provide the needed support to ensure success of the TETFAIR.
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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
News
Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.
Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.
He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.
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“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.
He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.
“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.
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“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.
DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.
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IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police
The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.
Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.
Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.
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“All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”
On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.
“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”
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