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ASUU To FG: Raise Funds For Education Like You Did For COVID-19

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The Academic Staff Union of Universities, ASUU, has called on the Federal Government to declare a state of emergency in the education sector and raise funds to tackle the rot therein, just as it did to contain Coronavirus outbreak in the country.

The National President of ASUU, Prof. Biodun Ogunyemi, who stated this in a chat with Vanguard on Tuesday, said the effect of poor funding of education became glaring when COVID-19 broke out in the country and most of the nation’s teaching hospitals did not have ventilators to help keep patients alive.

Ogunyemi noted that China, where the disease broke out, was able to quickly tackle the scourge by resorting to public tertiary teaching hospitals because they were well funded by the state.

“Look at how much money has been raised to fight COVID-19 pandemic. This is because it is seen as a health emergency. We can do same for the education sector. The poor funding of the sector has deep damaging effects on our national life. A poorly trained medical student would end up being a great danger to the health of the people.

“There are cash cows like the Central Bank of Nigeria, the Nigerian National Petroleum Corporation and others that funds can be drawn from. Instead of doing so, our politicians are only interested in drawing funds from them to prosecute elections. Have you ever seen the budgets of the CBN or the NNPC?

Lawan, Omo- Agege mourn New Telegragh Editor, Bakare
Lawan, Omo- Agege mourn New Telegraph Editor, Bakare
“If we want to really catch up with the rest of the world, we must adequately fund the education sector. We plead with parents, guardians, students and Nigerians generally to understand our position and know that we cannot go on postponing the evil day. In fact, the evil day manifested in out lack of adequate response to the COVID-19 outbreak by our teaching hospitals,” he said.

On the complaints that trailed the payment of February and March 2020 salaries of lecturers through the Integrated Personnel and Payroll Information System, IPPIS, Ogunyemi said his union had been vindicated.

“As we speak, our members in some universities namely Nnamdi Azikiwe University, Akwa, University of Jos, University of Maiduguri, Abubakar Tarawa Balewa University, Michael Okpara University of Agriculture are yet to be paid their salaries. Ridiculously, some lecturers were paid 20 percent of their salaries. Those who got anything reasonable were paid 80 percent of their salaries.

“We have said it that IPPIS is too strait jacketed and not suitable for the university system. Even some sister unions that did not see what we had seen about IPPIS are now complaining. The only solution is for the government to do away with the toga of arrogance and embrace our Nigerian Universities Accountability and Transparency System.

“We are sounding a note of warning that we won’t tolerate further mutilation of our salaries. Our members have been on the same salary structure since 2009. The government has been provocative and lackadaisical in its approach. How do you keep shifting the goal post when a goal is about to be scored,” he stressed.

The ASUU boss added that it seemed some people in government were interested in punishing university lecturers for no just cause.

Recall that ASUU has been on strike since early March this year over IPPIS, implementation of a Memorandum of Action signed with the government, better funding of education generally among other issues.

Going by the position of the union, even if schools shut down due to COVID-19 outbreak are asked to reopen now, the university system may still experience Industrial disharmony.

Vanguard

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Business

13-year-old Wins Heirs Insurance Essay Championship, Gets N5m

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Heirs Insurance Group has announced the winners of the 4th edition of the Heirs Insurance Essay Championship, a nationwide competition promoting financial literacy and academic excellence among secondary school students and educators.
The grand finale, held in Abuja recently, brought together students, parents, and academic leaders for a celebration of knowledge and creativity. This year’s edition, which attracted over 5,000 entries from junior secondary school students nationwide, was anchored on the topic “The Role of Insurance in Keeping Families Safe and Secure”.
After a rigorous evaluation process by a panel of academic professionals, independently verified by Deloitte & Touche, 13-year-old Rhema-Love Abraham of Precepts Learning Field, Lagos, emerged as the overall winner, earning a N5 million scholarship and a N1 million grant for her school.
Bernice Michael of S-TEE High School, Lagos, claimed the second-place position, winning a N2 million scholarship, while Afopefoluwa Tofio-Jacobs of D-IVY College, Ogun State, took third place, receiving a N1 million scholarship.
This year, Heirs Insurance introduced the inaugural Teachers Prize, to honour teachers promoting insurance awareness within their schools and communities. This initiative was created to democratise access to insurance literacy, working collaboratively with teachers and educators.
Mr. Okpe James Chidi, a teacher at Urban Secondary School, Umuna Orlu, Imo State, emerged as the winner of the Teachers’ Insurance Awareness Prize, with a personal award of N1 million cash prize, and a N500,000 grant for his school. His project, which deepened students’ understanding of financial literacy and insurance, was praised for its innovation, reach, and measurable impact.
Speaking at the ceremony, Niyi Onifade, Sector Head, Heirs Insurance Group, commended all the participants for their creativity and drive, emphasising the Group’s commitment to nurturing future leaders through education.
He said, “We are proud of every student and teacher who participated in this year’s Essay Championship. Their creativity, curiosity, and dedication reflect the future we envision for our nation; one built on knowledge, innovation, and resilience. At Heirs Insurance Group, we believe financial literacy is a powerful tool for empowerment and transformation”.
The Heirs Insurance Essay Championship is a flagship Corporate Social Responsibility (CSR) initiative of Heirs Insurance Group, created to build awareness of insurance literacy and critical thinking among young Nigerians. The introduction of the Teachers’ Insurance Awareness Prize further demonstrates the Group’s commitment to advancing insurance education and promoting financial inclusion at every level of society.

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Leadway Assurance Wins Two At BAFI Awards

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Leadway Assurance won two awards at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, as the Insurance Company of the Year and Excellence in Claims Leadership & Digital Innovation. This is the second consecutive year the company would be emerging as the insurance company of the year.
These recognitions reaffirm Leadway Assurance’s position as a trusted insurer, underpinned by 55 years of legacy of integrity, innovation, and customer focus.
In 2024 alone, the company paid out N117 billion in claims. Each payout reflects restored livelihoods and renewed confidence for families and businesses across the country.
Commenting on the milestone, Gboyega Lesi, Managing Director of Leadway Assurance, said: “These double honours are a worthy recognition of the dedication of our team and our commitment to serving customers better every day. The recognition motivates us to continue building systems and teams that ensure no one faces uncertainty alone. Each innovation and every claim fulfilled reaffirms our promise to provide protection. For Leadway Assurance, these accolades celebrate our sense of purpose, reliability, and the lasting strength of an indigenous brand built to endure.
“Winning the Insurance Company of the Year for the second consecutive year and adding Excellence in Claims Leadership and Digital Innovation awards reflects our consistent devotion to excellence, consistency, and innovation in delivering value. We thank the leadership of BusinessDay for celebrating our relentless pursuit of efficiency, transparency, and empathy in every customer interaction; from simplifying claims processes to leveraging technology for faster, smarter access to insurance policies, as we continue to redefine trust and innovation in the insurance industry.”
Leadway Assurance’s transformation of claims management has set a new benchmark in the insurance industry. Leveraging cutting-edge technology, the company has digitised its claims processes, enabling customers to file, track, and finalise claims seamlessly. This digital shift has significantly reduced turnaround times and elevated customer experience nationwide.

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NAICOM Charges Insurers To Develop Parametric, Microinsurance Products For Climate

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By Sola Alabadan

The Commissioner for Insurance and Chief Executive of National Insurance Commission (NAICOM), Mr Olusegun Omosehin has advised West African insurers to develop parametric and microinsurance products tailored to the region’s climate realities.
Giving this charge at the 2025 WAICA Conference in Lagos, Omosehin also urged insurers to invest in data and technology to improve climate modelling, risk assessment, and product delivery.
The theme of this year’s conference, was “The West African Insurer in the Face of Climate Change”.
He added the the insurance operators have to expand inclusion, and ensure that insurance reaches farmers, market women, artisans, and micro-entrepreneurs, which is the backbone of our economies.
He stressed that insurers must prioritise capacity building, investing in the next generation of insurance professionals, as well as make sure that insurance evolve from a transactional service to a strategic enabler of development.
He also pointed out that “Climate change is rewriting the narrative of our region. It is testing the strength of our economies, the endurance of our communities, and the responsiveness of our institutions. It has become a macroeconomic threat, influencing fiscal policy, national budgets, and the stability of our financial systems.
“The evidence is sobering. In 2024, flooding affected over 7.5 million people across 16 West African countries. Nigeria alone accounted for 1.3 million displaced persons. In 2025, over 33,000 Nigerians were displaced, 3,800 homes destroyed, and 5,300 hectares of farmland submerged—threatening food security and economic stability.
These are not just statistics—they are stories of disruption, loss, and delayed development. Yet, within this crisis lies an opportunity: to redefine the role of insurance as a force for resilience and sustainable development”.
Like many African nations, he stated that Nigeria faces a significant climate finance gap, noting that “Traditional budgetary responses are no longer sufficient. We must strengthen financial instruments that allow us to anticipate shocks rather than merely react to them.
When integrated into national planning, insurance becomes one of the most effective tools for climate risk management and economic resilience”.
He further assured that NAICOM is committed to enabling policies that foster collaboration between operators, regulators, and development partners, adding that strengthening climate resilience across West Africa demands a unified approach—one that blends sound regulation, market innovation, and strategic partnerships.

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