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JAMB Gives Nigerian Schools Liberty to Set Admission Cut-off Marks

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The Joint Admissions and Matriculation Board (JAMB) has on Tuesday cancelled general cut-off marks for admission into tertiary institutions, giving schools the right to decide their individual minimum benchmarks for admission.

According to Punch, the examination board took the decision at the virtual 2021 policy meeting, chaired by the Minister of Education, Adamu Adamu.

JAMB Registrar, Prof. Is-haq Oloyede, disclosing the decision said: “Some universities such as the University of Maiduguri, proposed 150; Usman Dan Fodio University, Sokoto, proposed 140; Pan Atlantic University proposed 210; University of Lagos 200; Lagos State University, 190; Covenant University 190; and Bayero University, Kano, 180.

“Institutions have now been given the liberty to decide cut-off marks; there will be no cut-off marks [stipulation] from JAMB.”

During the meeting, stakeholders delved into other matters relating to admission into higher institutions.

The report stated that the stakeholders resolved to allow the education ministry to decide on the deadline for the closure of admissions, as they could not agree on the December 31, 2021 deadline for all public institutions and January 31, 2022 for all private institutions.

Stakeholders also adopted the 2021 admission guidelines, which provide that all applications for part-time or full-time programmes for degrees, NCE, OND, and others must be posted only through JAMB.

The meeting approved that, for Direct Entry, the maximum score a candidate could present is six and the minimum is two or an E, as required by law.

These decisions mark a significant shift from what have characterized the admission process in Nigeria for ages, paving way for admission practice that will be at par with what is obtainable in other countries.

Long before now, reform advocates have called on Nigeria’s education authorities to initiate a swiffer process for admission into tertiary institutions, which involves scraping JAMB that has been described by many as a “revenue making scheme.”

Compared to many other countries where senior school examination is the only requirement for admission into college, Nigerian students seeking admission into tertiary institutions have had to pay more in time and resources. Many have had to wait for years in search of cut off marks for their desired courses, and when they got it, they got denied admission for not meeting Post-Jamb, (a further test taken after JAMB) cut off marks.

The tedious process fueled the federal government’s decision to scrap Post-JAMB in 2016.

“Our universities shouldn’t be conducting another examination; if they have any complaint against JAMB, they should come to the Ministry of Education and we will look into it,” Adamu said. “If JAMB is qualified to conduct the computer-based test and they are conducting the test, then there should be no need for students to sit another examination to get admission.”

However, the argument over JAMB’s right to set cut off marks remained since 2016, as schools pushed for the liberty to make the decisions. While the examination board’s Tuesday’s decision has put an end to the clamor, the call to scrap JAMB itself remains a decision to be made another day.

Tekedia Institute Has Uploaded The 57-Page CBN Presentation to Banks on eNaira

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In the Board, we have uploaded the full 57-page presentation (pdf) from the Central Bank of Nigeria (CBN) to the banks on eNaira which we partly discussed during Tekedia Live today. Go to the Board and download it.

In the next edition of Tekedia Mini-MBA, we are working with some experts on potential business opportunities which innovators can run as this new phase of Nigeria’s “currency” takes shape. Notice that we will likely see some dislocations on certain things when you see how the apex bank has modeled charges and fees.

If you are not in Tekedia programs and need these documents, we ask you to register for Tekedia Mini-MBA and request access.

Tekedia Mini-MBA: We’re the most diverse school in Africa – 39 countries

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We’re the most diverse school in Africa – 39 countries; from Singapore to Mali, Nigeria to Japan, and beyond! Read the testimonials.

What is innovation? At Tekedia Institute, we have a simple equation:

Innovation = Invention + Commercialization. But what is invention and what is commercialization? I invite you to register for the 6th edition of Tekedia Mini-MBA which begins Sept 13 for the equations. Here, we make business physics, bringing natural philosophy on fixing market frictions and advancing the wealth in nations through 140 global faculty from the best companies you admire. Join us

Welcome Bitscape Technology Services Ltd to Tekedia Mini-MBA

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Let me welcome Bitscape Technology Services Ltd to Tekedia Mini-MBA which begins Sept 13, 2021. Bitscape “consists of a group of highly experienced information and Communications Technology (ICT) professionals with a combined background in ICT Consultancy and System Integration Services, driven by our collective desire to deliver first-rate ICT services always.

“We have set up our services primarily in Nigeria and are stretching into other regions in Africa. We believe that with our uncompromising attitude to detail and precision, backed up by our industry experience, we are in a unique position to deliver specialist and generalist ICT services tailored for the specific context of the Africa market.” www.bitscapetech.com

We welcome the tech innovators. We welcome the celebrities. We welcome the change makers. We welcome the policymakers. We welcome all to Tekedia Institute Mini-MBA.

Transform that business; come to Tekedia Institute school.tekedia.com

ALPHA MEAD: Rent4Less in Nigeria’s House and Office Rent Markets by 2024

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As one of the leading Total Real Estate Solution companies in Nigeria, Alpha Mead Group through its Alpha Mead Development Company, has proved and still letting the public understand its place in creating and delivering inclusive value to all stakeholders. From Call2FixIt, an app that enables property owners to have sustainable maintenance and repair of their damaged or malfunctioning facilities to Rent4Less, which assists Nigerians across socioeconomic status to pay for rent monthly, the Alpha Mead Group has proved its position of a company that inspires Africa.

In our earlier analysis, our analyst spoke with Olusesan Ogunyooye, the Head of Marketing and Corporate Communications, on the significance of Rent4Less in Nigeria’s real estate industry. He stressed how the product enhances and balances co-value creation and capturing. For scaling up of the product, the company raised a fixed-rate series one $1 million private placement bond.

From Engineer Femi Akintunde, the Group Managing Director, to Mr Damola Akindolire, the Managing Director of Alpha Mead Development Company, the fund will be appropriated for sustainable scaling of the product across its primary locations, where it is being deployed. According to them, the product will continue to be beneficial to developers, landlords, real estate investors and tenants.

Our analyst notes that since the rental market section of the industry is growing every year despite numerous challenges, Rent4Less has a high propensity of growing as well when existing challenges are mitigated with the best strategies and tactics by the company. Our analyst expects acquisition of some existing platforms, that also prioritises monthly payment, by 2024 because its recently raised fund and internal ones must have been deployed to critical areas of scaling the product between 2021 and 2023.

The inability to acquire or merge with the platforms such as Fibre, Handyhomesng, Spleet.ng, Muster, Trovit, PayMyRent and Kwaba would establish the needed competition within the ‘monthly rent value proposition space’. As Alpha Mead’s Rent4Less becomes more visible in the market, these platforms are expected to react using different strategies. Already, Rentsmallsmall had over 12, 000 monthly stay subscribers in 18 locations. It has also been able to save N132 million on legal and agency fees, according to its official website. Analysis of the business models of these platforms reveals insignificant difference in terms of the value proposition, customer focus, reaching the customer, revenue streams among other key blocks of their models.