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Home Blog Page 5744

Why Students in Private Universities Do Well in Academics

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Covenant University is known for releasing many first-class graduates into the society. In 2013, out of 1, 466 graduating students, 114 made the first-class list. 2014 saw 82 first-class graduates from 1, 429 graduating students. In 2015, there were 104 of them out of the 1, 315 that graduated. Then, in 2017, 2018, and 2019, Covenant University graduated 188, 238, and 215 first-class graduates out of the 1125, 1887, and 1580 graduating students, respectively. This would not have been considered as a big deal if not that the school is situated in a country where making a first-class is described as a mission almost impossible. So, as the university continues to release many graduates with first-class, questions concerning their strategies or lack of have arisen.

The first thing that comes to the mind of anyone that understands how the Nigerian education system runs is that Covenant University awards grades carelessly. People that assume such claim that, since it is a private university, it needs to keep its customers happy, especially considering the huge amount of money paid as fees in the school. Those with this ideology will compare the school to federal higher institutions, where lecturers are “strict” with marking and grading scripts without the fear of losing their jobs if students fail. But these people have not asked themselves why other private universities in the country do not produce the same percentage of first-class graduates. Or, do they?

Another argument surrounding this matter is that these schools have facilities that make teaching and learning easier for students. For instance, students do not need to cook in private universities because the institutions have cafeterias that take care of that. In other words, these students spend their time cooking to study. Well, those of us that cooked our own meals while in school know that this does not hold water. Maybe students can be distracted by worries of what to eat but never by preparing the food when they finally find it. However, the claims that students do well in private universities because they have access to facilities, which are missing in public schools, should further be studied.

There is also this claim that private universities have better lecturers than public ones. I once met a graduate of a private university that told me that all their lecturers, even the newly recruited ones, were professors. Well, it is possible. But then, who assessed those young professors? What modalities were used in turning them into one? There is no need to go deep into this but let’s just say that there is no university in Nigeria that recruits only professors as their lecturers, unless it is not following the Nigerian system of promotion into professorship, which comes through a series of assessments and years of on-the-job experiences. Apart from that, tests and grading are internal affairs, so, the quality of lecturers does not count here. Grading is done at lecturers’ discretion so their qualifications do not count. Hence, you cannot compare the output quality of different schools based on grades because they do not write the same exam neither were they graded by the same persons.

We also cannot say that students that attend private universities are more intelligent than those in public ones. We know that the majority of JAMB candidates first opt for federal and state-owned schools. They only consider private ones when they miss admissions in government-owned schools. In fact, it is right to say that students in federal universities are the most intelligent. But then, they hardly graduate with exceptionally good grades. This should bother us.

Anyone that attends Nigerian universities or any other higher institutions knows how frustrating the system could be. Sometimes it appears as if the system was primary designed to stress students. There are speculations that the stress students pass through in the public higher institutions contribute to their low grades. This may be possible if you check it thoroughly.

Of course, those in private schools do not need to fight for seats in lecture halls, struggle for transportation to their various lectures held from one end of the school to the other. Private university students do not understand that ventilation in lecture halls comes through windows without louvers and that air conditioners are only found in offices. How do you tell someone in a private university that it is unheard of in public institutions that schools provide Wi-Fi for students to do their research and write their assignments? How about victimization by lecturers, students, and non-academic staff? Have students in private universities ever heard of that?

There is no need to go over reasons private-held schools, such as Covenant Universities, produce many first-class graduates but know it now that the students over there have all they needed to make such grades. They have conducive environments that are suitable for education to take place. Their school attends to their complaints and needs. Their lecturers are qualified. And the students have enough funds to finance their academic and personal projects. These students have what those in the public schools have and more. So, yes, their first class is expected. Put any student that graduated with a low grade in a public school in Covenant University and, believe me, he will do better because he stands a better chance to make good grades.

FIDAS AFRICA, FarmKonnect’s Institute, Releases a Book on How to Invest in Nigerian Agritech Businesses

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As the debate rages on how to invest in the Nigerian Agritech businesses in the face current challenges being experienced by the businesses, the FarmKonnect Institute for Data and Agribusiness Studies has released an eBook which reveals 20 rules prospective investors need to consider before investing in products and projects of the businesses.

According to Tiamiyu Ismail, the Research and Development Head of the Institute, it is imperative that local and foreign investors understand the sector and how businesses are operating in the face of the mounting internal and external challenges.

“In the last couple of years a lot of Agritech companies have sprung up to provide digital solutions to the myriads of problems faced by the smallholder farmers and then create an enabling environment for commercial agriculture to thrive in the continent. However, due to lack of finance and adequate support from the Government, many of these Agritech companies and agribusinesses resort to crowdfunding model, be it in equity or non-equity funding, as the mainstay of their financial wherewithal.

“Between 2015 and 2020 the Agritech companies in Nigeria have increased by multiples of hundred, and due to oversaturation of the market, there has been a lot of abuse by many of the players. Several analyses have also shown that most of the Agritech and agribusiness companies in the country have failed to meet clients or customers’ expectations regarding ROI in recent periods while many of them attributed their inadequacies to the COVID-19 Pandemic.

“Hence, the lesson to be learnt is that having sufficient information not only about the business itself, but also about the impact of the macroeconomic and the macrosocial forces on the business is very vital in making investment decisions, especially in the agriculture industry which involves a high level of risk.

“Business risk assessment is an integral part of the due diligence expected of a potential investor before venturing into the business. This goes from a thorough understanding of the image, products, structure, track records and reputation of the company as well as the influence that an external factor like a sudden pandemic could have on the business.”

Our analyst had earlier reported that Nigerian professionals made a comprehensive case for realistic and sustainable return on investment. According to his analysis, Nigerian professionals expect managers of the businesses to work within the realities and challenges in the country instead of promising investors huge ROI that cannot be realised in less than a year. Mr Ismail notes that prospective investors and interested members of the public can order for the book via support@fidasafrica.com or access the book here.

It Is Time to Refine Ibadan Real Estate Market for Sustainable Value Co-Creation and Capturing

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Ibadan is one of the largest cities in West Africa and third-largest in Nigeria. It attains this status due to its population and landmass. Statistics indicates that over 3 million people are within its 11 local government areas. It has a 2.73% annual population growth rate as at 2021, which is expected to reach 3.58% by 2031.

As the population grows, the growth of the middle income is also at an exponential rate. This is largely due to increase in private business establishments and movement of working-class people from neighbouring cities such as Lagos, who want to have a different lifestyle and escape transportation, housing and environmental challenges associated with Lagos.

Exhibit 1: Ibadan Population in 2021-2031

Source: World Population Review, 2021; Infoprations Analysis, 2021

There is no doubt, these are some of the factors driving the growth of real estate and construction sectors in the city. As state and federal governments intensify efforts on building sustainable public infrastructure such as rail transportation, dry sea port among others, people are also seeing this as an opportunity to migrate to the city. This migration trend is not new to the city. History has it that the city is one of the Yoruba cities that allow people of different race, culture, religion and ethnicity to co-habit with the indigenous people.

In spite of the public and investors’ interest in the city’s real estate market, our analysis has revealed that there a lot of areas that need constant and sustainable improvements. From land acquisition to construction of houses and offices, individuals and investors are having issues that need collective solutions. A number of prospective homeowners, who believe in the self-construction approach, are having problems in locating qualified builders, civil engineers, architects and other professionals needed for quality construction. Lack of accurate information and data make understanding of the best locations for building offices and hospitality structure difficult. These also contribute to buying quality materials.

In our research, we discovered that players in the market are better classified into acquisition, construction and mixed players. A number of players are playing strategic choice games within acquiring lands from the indigenous people, recreating the lands and sell to individuals and businesses.

Those in the construction classification are building and selling homes to individuals and investors. Mixed players are creating and delivering both values. From our analysis, it emerged that refining Ibadan real estate market with the consideration of the areas we discussed earlier will go in a long way of decongesting Lagos, advancing socioeconomic growth of the city and its neighbouring cities and towns [see Exhibit 2].

Exhibit 2: Ibadan Proximity to Major Cities and Towns in Oyo, Osun and Ogun States

Source: Dar Group

Additional reports by Mubaarak Abdulhameed and Mariam Akanni

Tekedia Capital Syndicate Q2 2021 Demo Day – June 12

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Tekedia Capital Syndicate Q2 2021 Demo Day is coming up as follows: June 12, 2021 at 4-6pm WAT on Zoom. New micro-investors and Founders are invited. Learn more 

Tekedia Capital Syndicate Q2 2021 Demo Day is coming up as follows: June 12, 2021 at 4-6pm WAT. In the Member area, you will see the startups and the videos we have made on them, along with the Demo Day Zoom link. The Syndicate Q2 2021 investment window is the last week of June and first week of July; plan accordingly. We welcome new members (details below). We started this mission to democratize wealth creation in the continent. Simply, email our team and schedule a time; we actually want to speak with you before you join.

https://youtu.be/oKabUZalbJk

Welcome Havenhill Synergy To Tekedia Mini-MBA

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Good People, join me to welcome Havenhill Synergy Limited under the leadership of Olusegun Odunaiya to Tekedia Institute. Havenhill is a clean-tech utility company that uses renewable (solar) energy to generate clean, cost-effective and sustainable electricity in urban and rural Nigeria. Over the next few weeks, we will be co-sharing and co-learning together with this amazing clean energy company. Welcome to the Institute and thanks for choosing us.

To learn more about Tekedia Mini-MBA, click here.