Business
Recession: Parents groan as they withdraw children from private schools over financial constraints
AS school children resume from the long vacation, investigations revealed that parents have commenced withdrawing their children from private schools to public ones, attributing their action to the harsh economic situation in the country.
Parents and school owners, who spoke to Vanguard yesterday, lamented the bad economic situation, with proprietors stating that since resumption their schools have been witnessing a low turnout of returning pupils. Mrs Gladys Adewumi, whose three children were in Living Joy Nursery and Primary School, Ikorodu, said she withdrew two of her children from the private school to a public school when it was apparent her husband could not cope financially. Adewumi said: “I operate a beauty salon and my husband is a plumber and we have three children in a private school.
For about a year now, my husband has not been able to live up to his financial responsibility to the family, which led to over N100,000 indebtedness to the school. “To reduce the financial burden, we agreed to remove two of our children from the private school to a government school at Elepe. “The challenge I may encounter now is the distance between our residence and the school, which is about five miles.” School owners speak On his part, the proprietor of Gosfat Nursery and Primary School, Agege, Mr. Gosfat, lamented that “the recession has affected every home.”
Regretting the heavy toll it has had on his school, Gosfat said: “Most parents have withdrawn their children and wards and taken them to public schools despite the fact that our fees are low. “Last term, because of the economic situation, I reduced my school fees by 100 percent. Yet, most parents still find it difficult to pay. “The only reason they (parents) are giving me is that there is no money. We have the same market system. What affects the top, affects the bottom. This new term alone, I have lost over 20 of my students as a result of the recession. This has never happened before.”
However, the Proprietor of Tob Land Nursery and Primary School, Agege, disclosed that almost 75 percent of the parents are unable to pay their children’s school fees and for stationeries due to the recession. The school administrator also noted that he could not increase tuition fees as a result of the country’s ailing economy. He said: ‘’Right now, parents have withdrawn their children to public schools. About 15 students from my school have been taken to public schools. Some parents are even trying to give their children double promotions and if you do not do that for them, they will take their wards to other schools.” ‘We went round encouraging parents’ Meanwhile, the Proprietor of Desoar Nursery and Primary School, Ikorodu, Mr. Samuel Ojo, who lamented the devastating effects of the recession, noted that even after the long vacation, many students are yet to resume. His words: “Having had the foresight of the austerity, I and my staff had gone to some parents, encouraging and instilling hope in them. We will still go back to them again, because I know many are planning to take their children to public school.”
The situation was similar at Wiseman Generation School, Ikorodu. The school proprietress, Mrs Peace Omar, said that many students were yet to resume from vacation, adding that the situation was not unconnected to the recession. Mrs Omar said: “I know of a parent who has withdrawn her child to the public school. “As a result of the current economic hardship, we have decided not to increase school fees, yet parents are not satisfied. The last time we added N2,000 to the school fees, parents complained.”
Business
ADVAN Wins Global Honour at WFA Awards for “Project Freedom” Initiative
ADVAN Earns Global Recognition As WFA President’s Award Winner For “Project Freedom”
The Advertisers Association of Nigeria (ADVAN) has been recognised on the global stage as a recipient of the prestigious WFA President’s Award, presented by the World Federation of Advertisers during its Global Marketer Week in Stockholm. The recognition places ADVAN among a select group of leading industry associations worldwide acknowledged for driving meaningful impact in marketing and society.
The WFA President’s Awards, established in 2010, celebrate national industry associations whose initiatives advance the marketer’s agenda and contribute to positive change. This year’s honours were awarded following a rigorous selection process involving 38 submissions from associations across the WFA’s global network, with winners chosen for their measurable impact and potential for replication across markets.
ADVAN’s recognition comes through its advocacy initiative, Project Freedom, a bold and strategic effort focused on addressing the challenges of stifling, non–data-driven regulations affecting businesses in Nigeria and across Africa. The initiative underscores the importance of evidence-based policymaking while championing the constitutional right to freedom of commerce.
Through Project Freedom, ADVAN has taken a proactive leadership role in engaging key stakeholders and shaping conversations around fair, balanced, and transparent regulation. The initiative reflects a shift toward constructive dialogue and collaboration, ensuring that regulatory frameworks support innovation, protect consumer interests, and enable sustainable business growth.
By earning this global recognition, ADVAN reinforces the growing influence of African marketing institutions in shaping international discourse. Its work highlights how local advocacy, when rooted in data and guided by clear principles, can deliver impact not just within national borders but across the global marketing ecosystem.
The award also affirms ADVAN’s commitment to strengthening self-regulation within the industry, fostering accountability, and promoting standards that align with global best practices while remaining relevant to local realities.
As the marketing landscape continues to evolve, ADVAN’s recognition by the World Federation of Advertisers signals a strong endorsement of its leadership and vision. It positions the association as a key voice in advancing responsible marketing, advocating for enabling policies, and ensuring that businesses can operate in an environment that supports both innovation and economic freedom.
Business
PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status
*PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status
To prevent any misunderstanding regarding our affiliation with the United Nations, we hereby provide a formal clarification on the status and identity of the United International Peace and Governance Council (UNIPGC), formerly known as IPGC.
UNIPGC is an independent Civil Society Organization and Non-Governmental Organization with continental chapters registered in the United States, Germany, Canada, and several countries across Africa. The organization is committed to promoting the values and principles of the United Nations, particularly in advancing Sustainable Development Goal 16 (Peace, Justice, and Strong Institutions), as well as advocating for good governance globally.
In furtherance of its mandate, UNIPGC has established partnerships with reputable diplomatic civil society organizations, including the United Nations Association of Nigeria and the United Nations Association of Ghana. These collaborations are aimed at strengthening its engagement with initiatives aligned with United Nations ideals.
Additionally, UNIPGC has entered into diplomatic relations with the International Organization for Economic Development (IOED), an Intergovernmental Organization (IGO), to enhance its capacity for international cooperation and diplomatic engagement.
We wish to clearly state that UNIPGC is **not** an entity, agency, or organ of the United Nations.
Members of the public and media practitioners are respectfully advised to refer to the organization by its full and correct name: **United International Peace and Governance Council (UNIPGC)**, and not as the United Nations.
Thank you.
Business
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”
Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.
The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.
This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.
Speaking on the collaboration, the Laffmattazz team stated:
“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”
As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.
With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.
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About Laffmattazz
Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.
About First Bank of Nigeria Limited
First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.
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