Education
ICAN Elects New President, Promises to Partner with Govt on National Values, Economic Priorities
The Institute of Chartered Accountants of Nigeria (ICAN) has elected new officers to run its affairs for the next one year.
Dame (Mrs.) Onome Joy Adewuyi BSc, MSc, ACPIN, FCIB, FCA emerged as the 56th President.
Her investiture took place after an election on Tuesday, June 2, 2020 at the Institute’s Secretariat in Victoria Island, Lagos.
In her acceptance speech and inaugural address, Mrs. Adewuyi promised to partner with the government to redefine national values, economic priorities and resource utilization strategies such that the mass of the citizenry can be lifted out of avoidable poverty.
According to her, ICAN would leverage its professional expertise to support players in the informal sector, whose unsung value-creating activities will define the position of the nation on the ladder of sustainable development.
She lamented the paradox of poverty in the midst of plenty being experienced by Nigeria, adding that the nation is at a point in its economic development where all hands must be on deck to address the ugly situation.
“According to the 2019 World Bank Human Development Report, 53.5% of Nigerians live below poverty line of US$1.9 a day. I am inclined, like many analysts, to believe that the situation is even worse considering the high rate of crime and criminality all over the country.
“The situation is better imagined if we take cognizance of the possible effect of COVID-19 in the near term,” she stated.
On refocusing ICAN capacity building initiatives, Mrs. Adewuyi explained that this Presidential year, the Institute would formalize its online trainings and incorporate them into the annual training brochure.
She added that the Members’ Education and Training would be bolstered with cut-edge virtual training programmes.
“These would run together with the established traditional model of delivering trainings. Also, the ICAN faculties would be equipped to become centres of excellence for virtual training in the seven specialist areas of Accounting,” she expatiated.
Speaking further, the ICAN President said the lesson of the COVID-19 pandemic has challenged ICAN to redefine the values it shares, the way it relates and account for its actions and inactions.
“Evidently, the proactive deployment and proficiency in the use of technology will continue to define corporate and individual success.
“This emerging paradigm has implications for how we relate and bond as professionals who share a common vision of working together to build a great nation with a sustainable economy driven by strong institutions,”.
Furthermore, Mrs. Adewuyi explained that with the drastic changing dynamics in the market, ICAN would expand its collaborative horizons to bring on board non-traditional partners, especially the Tech companies that would work with the Institute on the gradual incorporation of emerging technologies, such as Machine Learning, Data Analytics, Robotics and Artificial Intelligence.
She assured that as the Institute would strive to hold leaders at all levels accountable, it would also enforce compliance to the professional code of ethics and sanction all proven cases of misdemeanor by members without fear or favour.
She posited that the task of nation building is a collective responsibility, adding that ICAN as a critical stakeholder could not continue to watch askance for the nation to be going down the hilltop through formulation and implementation of strategic policies.
She also disclosed that ICAN would make efforts to take its Accounting Technician Scheme West Africa (ATSWA) examinations to other African countries which need the middle level Accountancy support, adding that ICAN would maintain excellent working relationships with regulatory authorities like Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Company (NDIC), Securities Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS), Nigerian Extractive Industries Transparency International (NEITI), National Insurance Commission of Nigeria (NAICOM) and the National Pension Commission (PENCOM).
Mrs. Onome Joy Adewuyi graduated with a BSc degree (Second Class Honours Upper Division) in Accounting from the University of Benin in 1982 and MSc in Banking & Finance from the University of Lagos in 1993.
She is an Alumnus of the Harvard Business School, Boston Massachusetts USA; the Wharton Business School of Pennsylvania, USA and the Kellogg Business School, Chicago USA.
She is also an Alumnus of the International Banking Summer School, USA and the Lagos Business School.
She began her career with Texaco Nigeria Plc. as the Treasury and Investment Accountant.
She later joined the Nigerian Intercontinental Merchant Bank Limited where she started her banking career.
She worked in Fidelity Bank Plc. for close to two decades where she rose to the position of the Executive Director, Risk Management.
She has over 3 decades of experience in banking and financial management.
Mrs. Adewuyi, in conjunction with Deloitte of South Africa, was responsible for the implementation of Fidelity Bank Plc. Enterprise Risk Management System in 2008.
This culminated in the setup of distinct Credit Risk, Market Risk and Operational Risk Division of the Bank which is still in use at Fidelity Bank Plc.
She is a faculty of the Financial Institution Training Centre and other private training institutions on Risk Management (Credit and Operational Risks).
She is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN).
She represents ICAN on the Governing Council of the Financial Reporting Council of Nigeria (FRCN).
She has been Honorary Treasurer of ICAN for three times consecutively: 2011-2012; 2013-2014 and 2014-2015. She was a past President of the Society for Women Accountants of Nigeria (SWAN).
She is a member of the Institute of Directors (IoD) and currently serves on the Boards of Law Union & Rock Insurance Plc. and Dominion Trust Limited as Non-Executive Director.
Mrs. Adewuyi is currently the Executive Director, Finance & Admin of Cynergy Platforms Limited.
She has passion for charity works and development of the indigent girl child and she runs a scholarship scheme for Anglican priests and indigent children attending Nigerian universities.
She is married and blessed with children.
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Edukate Africa holds summit to tackle funding barrier in education
By Ifeoma Ikem
Edukate Africa, an edu-fintech platform is set to host the Disrupt Education Summit Africa (Disrupt ED) aimed at tackling funding barriers, skills gaps and curriculum mismatch in Nigeria’s education system.
The Director of Edukate Africa, Francis Omorojie who disclosed this to newsmen explained that the initiative was driven by the high rate of school dropouts linked largely to financial constraints, particularly at the higher institution
Omorojie said the summit scheduled for January 29 at the University of Lagos will bring together government officials, universities, financial institutions, private sector players and philanthropies to rethink education financing and prepare young Nigerians for the realities of today’s digital workforce.
He said that more than 50 percent of students who drop out of higher institutions do so because they cannot afford tuition and related costs, a situation he described as a major contributor to unemployment, brain drain and irregular migration.
“Africa’s youthful population could either become an economic advantage or a liability, depending on how well education and talent development are managed.
“Education is a fundamental need, but financial exclusion has continued to shut out many promising young people. When students drop out, it feeds unemployment and social instability.
“Our mission is to build innovative and sustainable financial models that keep young Africans in school and help them become productive,” he said.
He noted that Edukate Africa is deploying blended financing solutions that include tuition guarantees, technology driven scholarship platforms, gig and remote work opportunities for students, and partnerships with universities and philanthropies to establish endowment and alumni funds.
He said that the platform pays tuition directly to institutions after verifying students’ admission and academic records, ensuring transparency and accountability for donors.
“The summit would focus on aligning education with the fast changing nature of work, driven by digital transformation, artificial intelligence and emerging technologies as any university curricula are lagging behind workplace realities, leaving graduates ill prepared for employment.
“There is a clear disconnect between what students are taught and what employers need. This summit will create a roundtable where government, academia and the private sector can agree on the skills required for today’s economy and how to integrate them into learning.
“It will also examine education financing models, including how banks and financial institutions can design student friendly funding products, and how existing initiatives such as the Nigeria Education Loan Fund can be strengthened and scaled.’’
Omorojie added that Edukate Africa would use the summit to launch the CommUniversity Endowment Fund, a community led investment fund designed to generate sustainable returns that will be used to sponsor vulnerable students and support young entrepreneurs.
Unlike traditional grant models, he said the fund would invest in revenue generating businesses, with dividends channeled into education support and seed funding for student led startups.
He said the initiative would also promote innovation through activities such as Pitch My Dissertation, Africathon and inter university debates, encouraging students to turn academic research into commercial solutions and job creating ventures.
According to him, over 1,000 students and recent graduates are expected at the summit, with a partners’ pavilion providing employers and organisations direct access to top talent.
He added that Edukate Africa has already supported students in Nigeria, the United Kingdom and Uganda to complete their education, in some cases with relatively small amounts that made the difference between graduation and dropping out.
He said that the ultimate goal is to move beyond access to education and ensure that young people graduate with relevant skills, funding support and pathways into employment or entrepreneurship, thereby contributing meaningfully to Nigeria’s economic development.
Also speaking, Tosin Adebisi, Co-Founder of Edukate Africa said the Disrupt ED Summit was designed as a disruptive and transformative convergence that would move beyond familiar conversations to practical collaboration.
Adebisi said the summit was built around a new framework called Communiversity, which seeks to integrate universities, policymakers, industry, the third sector and students into a single ecosystem.
“Rather than everyone working in silos, Communiversity brings together policymakers, universities, industry and civil society, with students at the centre, to address access to education, the future of work and Africa’s competitiveness.
“Communiversity model would leverage alumni networks, high net worth individuals and diaspora support to unlock sustainable funding for universities.
“The summit is being organised in partnership with the University of Lagos and the University of Birmingham, with support from the Federal Ministry of Education.’’
The dignitaries that would grace the occasion include, Minister of Education, Dr Tunji Alausa; the Provost and Vice Principal of the University of Birmingham, Professor Nick, the Chief Operating Officer of Semicolon Africa, Ms Ashley Immanuel; and the Chief Executive Officer of Sterling One Foundation, Mrs Olapeju Ibikwe
FCAIB is set to launch degree programmes in partnership with FUNAAB
IBADAN, OYO STATE, NIGERIA – In a groundbreaking move, the Federal University of Agriculture, Abeokuta (FUNAAB) has given the green light for the introduction of two innovative degree programmes at the Federal College of Agriculture, Ibadan (FCAIB), set to kick off in the 2025/2026 academic session.
According to an official release e-signed and made available to the media by Mrs. Wilson Oyekemi, Head of the Public Relations Unit of the institution, the newly approved programmes are B.Sc. (Home Science and Management) and B.Agric. (Agricultural Science).
As stated, the next academic session will witness the official commencement of both degree programmes, which constitutes a major breakthrough in the College’s academic development.
Established in 1921, the Federal College of Agriculture, Ibadan (FCAIB), originally known as the School of Agriculture, proudly stands as Nigeria’s and West Africa’s first agricultural institution, with a long and storied history.
The College’s roots trace further back to 1899, when Moor Plantation, Ibadan was established as a model farm to promote rubber cultivation and general agricultural improvement.
By 1905, the station evolved into an experimental research centre, focusing primarily on cotton production and other key agricultural studies.
The formal establishment of the School of Agriculture in 1921 marked the beginning of structured agricultural education in Nigeria.
Following the regionalization of education in 1954, the school relocated to its present site – where it has since grown into a formidable centre of agricultural learning and innovation.
Over the past century, the Federal College of Agriculture, Ibadan, has consistently upheld its mission of contributing to Nigeria’s agricultural development through qualitative education, skills acquisition, and the production of middle-level manpower for the agricultural sector.
The institution remains committed to empowering students with practical, hands-on skills and modern knowledge tailored to meet the evolving needs of agribusiness and food production in the 21st century.
Becoming Nigeria’s Premier Agricultural Institution, FCAIB envisions becoming the foremost agricultural education institution in Nigeria’s tertiary education system – a vision strengthened by its continued academic expansion and infastructural growth.
With over 100 years of continuous service, the Federal College of Agriculture, Ibadan has built a strong reputation as a leader in agricultural education, training, and research across the subregion.
The College currently offers a wide range of National Diploma (ND) and Higher National Diploma (HND) programmes across several disciplines, including:
National Diploma Programmes:
– Agricultural and Bio-Environmental Engineering Technology
– Agricultural Technology
– Home and Rural Economics
– Horticultural Technology
– Cooperative Economics and Management
– Science Laboratory Technology (SLT)
– Computer Science
– Food Technology
– Office Management Technology
– Library and information Science
– Multimedia Technology
– Organic Agricultural Technology
Higher National Diploma Programmes:
– Agricultural and Bio-Environmental Engineering Technology (Farm Power/Post-Harvest Technology/Soil & Water options)
– Agricultural Extension and Management
– Animal Production Technology
– Crop Production Technology
– Horticultural Technology
– Agribusiness Management
– Pest Management Technology
– Science Laboratory Technology (Microbiology Option)
These programmes are designed to blend theory with practical field experience, ensuring graduates are job-ready and self-reliant in the agricultural sector.
Beyond academic instruction, FCAIB maintains a strong emphasis on research and development, particularly in areas that directly impact food production and sustainable agricultural practices.
Recent infrastructural developments at the institution included the establishment of a Meteorological Centre, a Garri Processing Plant and an Oil Palm Processing Unit, all aimed at enhancing research, student training, and community impact.
The 9th and current Provost who doubled as the 28th Head of the 105 year-old Federal College of Agriculture, Ibadan, Prof. Jonathan Jeremiah Atungwu, a distinguished Nigerian academic Professor of Plant Nematology and an expert in Organic Agriculture and Biopesticides development with
research focus on non-chemical crop protection options, remained a focused and visionary leader.
He is Certified locally and internationally with enviable credentials, some of which include but not limited to:
– Over 100 publications in reputable outlets
– Expertise in Organic Agriculture and Biopesticides development.
– A team player with demonstrated leadership skills and experience in various capacities: Past Dean (COLPLANT) in FUNAAB and LASU, President of several professional societies.
– Membership and leadership in international and local organizations, such as ISOFAR, ISPP, NSPP, NISOP, ADAN and many more.
Prof. Atungwu is a renowned mentor for the upcoming agricultural scientists, teachers, agropreneurs, and youths.
He is happily married, and blessed with pleasant, hardworking, and disciplined children.
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