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Lagos Launches 5 Billion Recovery Support For Stakeholders In Education Sector

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images 2020 09 25T214738.592 Lagos Launches 5 Billion Recovery Support For Stakeholders In Education Sector

1. To mitigate the devastating effect of the COVID-19 pandemic on the education industry, The Lagos State Employment Trust Fund in partnership with First Bank has launched the LSETF Edu-Fund Programme, a ₦5bn Post COVID Recovery Support for stakeholders in the education sector. #EducationMeetsFunding
2. The LSETF Edu-Fund Programme is targeted at low-cost privately owned schools and vocational training centres in Lagos State to support economic recovery efforts of stakeholders in the education sector in Lagos State. #EducationMeetsFunding
3. Through this partnership, LSETF & First Banking willingness collaborate to provide matching funds that would be disbursed as a loan programme to support low-cost private schools and vocational training centres in Lagos State. #EducationMeetsFunding
4. This scheme aligns with the Lagos State Government T.H.E.M.E.S Agenda, which seeks to improve Traffic management & transportation; Health & Environment; Education & Technology; Making Lagos a 21st Century Economy; Security and Governance. #EducationMeetsFunding
5. The Nigerian Bureau Of Statistics and NESG report that Education is one of the top 5 sectors that created over 59m jobs in 2017, buttressing Education as a critical growth area for job creation in Nigeria.
6. The loan scheme will be provided to 2 categories of applicants; Micro-Enterprise businesses will receive a sum of not more than ₦500,000 while SMEs will receive a sum of not more than ₦5,000,000.
7. The Fund is available at a fixed interest rate of 9% per annum with an additional business development support to low cost private schools & vocational training centers operating in Lagos State.
8. The qualified institutions are expected to have been in operation for at least one year and have a minimum of 100 students.
9. The objective of the Fund is to improve the quality of education for our youth by providing access to affordable finance to low-cost private schools and vocational training centres.
10. The Loan programme offers participating schools & training centres up to N5 million in facility as well as professional & institutional supports comprising capacity building programmes & business advisory.
11. This intervention is expected to spur significant growth of the schools & the education ecosystem in Lagos State. It will enable job creation opportunities for our teeming young and productive population.
12. The LSETF Edu-Fund Programme is a part of the proactive sustainable solutions by the State Government to curb & limit the socio-economic impact of the COVID-19 pandemic on both individuals & businesses in Lagos State.
13. The N5bn LSETF Edu-Fund Programme for stakeholders in the Education sector in Lagos is a precursor of many more sector-specific support programmes that would be unveiled by the LSETF on behalf of the Government in October 2020.
14. The LSETF Edu-Fund Programme will help tackle the current issues in the educational sector which demands an instant upturn such as the persistent decline in the quality of education & inconsistent investment in the sector over the decades.
15. Edu-Fund will provide loans to Lagos-based low-cost private schools & vocational training centers that have been in operation for at least one (1) year prior to the date of application & have a minimum of 100 students.
16. Presently, low-cost private schools in Lagos State account for over 60% (12,000) of the total number of schools providing education to millions of children from not-so-privileged communities across the state.
17. Before the pandemic, these schools depended on low-cost tuition fees from parents, and double-digit interest loan facilities to fund the provision of the amenities and services needed to aid learning.
18. By providing access to low-cost funding for privately owned schools & vocational training centres in the state, LSETF and First Bank Edu-Fund will help accelerate sustainable & painless return to world-class learning & skills acquisition of our youth
19. The LSETF application process for the Edu-Fund is fair and credible, irrespective of applicant’s affiliation, tribe or gender. This is in line with the ethos of the Lagos State Employment Trust Fund.
20. The LSETF application process is simple and interested applicants can follow the easy steps in the attached image.
21. The LSETF believes that joining forces with First Bankngr is critical to mitigating the adverse economic consequences of the COVID-19 pandemic on the state’s education system.

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Education

Oyo state order the closing of schools due to danger of the #END SARS PROTEST.

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images 63 2 Oyo state order the closing  of schools due to danger of the #END SARS PROTEST.

This is to inform all parents and guidance that there will be no school till announcement from state Government.
Also if our area is not safe, pls call the principal to make arrangement on how to pick up the students today. Thanks
School Management.

SSS 3 students should listen to news as regards the Neco exam for tomorrow’s paper. If their is no information, then they are to leave their respective homes as soon as possible.

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Lagos Considers Schools’ Closure Over EndSARS Protests

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images 44 4 Lagos Considers Schools’ Closure Over EndSARS Protests

Head of Public Affairs, Lagos State Ministry of Education, Kayode Abayomi, has said the state may ask students to “stay at home for now” over the ongoing #EndSARS protests across the country.
This is as academic activities were affected in some schools in the state on Monday as protests against police brutality and bad governance continue.
He said, “We are considering the option of asking the students to stay at home, for now, pending when the protests will be over.
“It is at the consideration level. We are waiting for the governor’s directive in that aspect. As soon as we get the directive to go ahead, we (can) then ask them to stay at home for now.”
The Lagos State Government approved that both public and private schools in the state can fully resume from Monday, October 19, 2020.
Schools in the state were previously closed to curb the spread of coronavirus in the state.
The Lagos State Commissioner for Education, Mrs Folasade Adefisayo, who made the announcement in a press statement last Monday, said the physical resumption, which was for the 2020/2021 academic session, would include pupils in pre-primary, daycare, kindergarten, and nursery schools.
Many students and teachers encountered difficulty in getting to schools in the state on Monday.

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ASUU Strike : Resolution Of ASUU Branches On FG’s Offer

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ASUU strike ASUU Strike : Resolution Of ASUU Branches On FG’s Offer

Last Week, Federal Government made an offer to ASUU to suspend the 7 months strike.
As required by ASUU rules, branches are expected to meet and vote on government’s offer to academics.
Government offered to do the following:
– release 30 billion out of the 40 billion demanded by ASUU as Earned Academic Allowances EAA before nov 6 2020. The remaining 10 billion Naira will be released in batches between 2021 and 2022.
20 billion university revitalization fund to be made available by January 2020
– streamlining of EAA into monthly salaries. A committee will be set up to conclude their findings before 31st December 2020
-salary renegotiation committee to conclude before 31 December 3020
– UTAS to replace IPPIS for university workers
– payment of withheld salaries .
We are tracking resolutions by ASUU branches across the country. The zonal leaders will meet tomorrow to harmonize these resolutions which will be presented to government on Wednesday.

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