Education
Fidelity Bank Launches Solar Powered Bags for School Children
In a bold step toward improving access to quality education across Nigeria, Fidelity Bank Plc has launched the “Lighting Young Minds” initiative, donating 1,000 solar-powered school bags to pupils in public primary schools throughout Ogun State.
Unveiled during a special event in Abeokuta, the Ogun State capital, on Friday, 4 July 2025, the initiative reflects the bank’s commitment to tackling systemic barriers to learning—particularly the challenge of limited electricity in underserved communities.
Speaking at the event, Managing Director and Chief Executive Officer of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, stated that the initiative aligns with one of the bank’s core Corporate Social Responsibility (CSR) pillars of expanding access to quality education.
“At Fidelity Bank, we see education as not only a means of knowledge transfer, but as a transformative force—a bridge to opportunity,” she said.
She explained that through the bank’s SWEETA initiative, 1,000 solar-powered school bags are being donated to enable children to study safely at night, without the dangers associated with candles or kerosene lamps.
“Beyond helping them improve their academic performance,” she added, “we want to inspire young minds to see that innovation and resilience can light the path to a better future.”
Dr. Onyeali-Ikpe also highlighted Fidelity Bank’s broader investment in education, such as the SWEETA School Fees Support Initiative, which has disbursed over ₦8 billion in tuition support to eligible customers; the Read2Lead Writing Competition, which has impacted more than 3,000 students across Nigeria through prizes and grants; the Back-to-School Loans for parents; the Fidelity EduLoan which helps schools with infrastructure upgrades and asset acquisition; as well as the Green Energy Financing Program, which complements the solar-powered bag initiative by promoting sustainable energy use in education via solar energy.
The solar-powered bags—designated for schools across all 20 local government areas in Ogun State—were officially unveiled by Dr. Onyeali-Ikpe alongside Her Excellency, Mrs. Bamidele Abiodun, the First Lady of Ogun State.
Mrs. Abiodun praised the project, calling it a crucial and timely intervention in child development and foundational learning.
“This initiative directly enhances learning for children in communities with limited electricity. It’s a brilliant example of how simple, practical innovations can drive profound change—keeping children in school and helping them thrive,” she said.
She further noted its alignment with United Nations Sustainable Development Goal 4, which promotes inclusive and equitable quality education for all, and called on other private sector players to emulate Fidelity Bank’s leadership in social impact.
The Lighting Young Minds initiative is an extension of Fidelity Bank’s mission of empowering Nigeria’s future generations through inclusive, sustainable, and forward-thinking educational solutions. As the bank continues to bridge opportunity gaps, it remains steadfast in its pursuit of a brighter future for children across the country.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
Photo caption:
L-R: Special Adviser, Ministry of Women Affairs, Ogun State Hon Ayotunde Lawal,; Director of Cooperative Services, Ogun State, Mr. Mustapha Samuel; Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe; First Lady of Ogun State, Her Excellency Mrs. Bamidele Abiodun; Commissioner for Education, Ogun State, Professor Abayomi Arigbabu; Executive Director -Lagos & South West, Dr. Ken Opara; and Executive Director -North, Mr. Sufiyanu Garba (both of Fidelity Bank Plc); at the launch of the Fidelity Solar Powered Bags in Abeokuta, Ogun State recently.
Education
NFVCB Boss Urges Stronger Distribution Channels As Coal City Film Festival 2026 Opens In Enugu
The Executive Director/Chief Executive Officer of the National Film and Video Censors Board (NFVCB), Dr Shaibu Husseini, has called for stronger distribution frameworks within Nigeria’s film industry to ensure that locally produced content achieves global visibility.
Dr Husseini made this call while delivering the keynote address at the opening ceremony of the 2026 edition of the Coal City Film Festival, held in Enugu.
Welcoming participants to the festival, Dr Husseini expressed his personal delight at hosting the event in Enugu, his birth state, noting the city’s rich cultural heritage and longstanding contributions to Nigeria’s creative landscape.
He commended the festival organisers, particularly the Festival Director, Uche Agbo, for their resilience and commitment in sustaining the initiative.
According to him, the Coal City Film Festival has grown into a significant cultural platform and a must-attend cinematic event in South East Nigeria.
Speaking on the festival’s theme, “Local Stories, Global Screens,” Dr Husseini emphasised the importance of authenticity in storytelling. He noted that films rooted in local realities, languages, and cultural truths often resonate more strongly with global audiences.
He cited notable Nigerian productions such as “King of Boys” by Kemi Adetiba, “The Wedding Party” by Mo Abudu, “Anikulapo” by Kunle Afolayan, “Black Book” by Editi Effiong, and “Lionheart” by Genevieve Nnaji as examples of culturally grounded stories that have gained international recognition on platforms such as Netflix and at global film festivals.
While acknowledging the growth in film production across Nigeria, the NFVCB boss identified distribution as a major bottleneck in the industry. He observed that many high-quality films struggle to reach audiences both locally and internationally due to limited distribution channels.
Dr. Husseini therefore urged film festivals across the country to evolve beyond networking platforms into active marketplaces where filmmakers can secure distribution deals. He stressed that festivals must attract distributors, exhibitors, streaming platforms, and marketers to create tangible opportunities for filmmakers.
“Film festivals must become gateways to distribution where filmmakers leave not just with applause, but with real opportunities,” he said.
Reaffirming the Board’s commitment to industry development, Dr. Husseini stated that the NFVCB has continued to reposition itself as a partner in progress by engaging stakeholders, improving classification processes, and promoting a balance between creative freedom and social responsibility.
However, he raised concerns over increasing non-compliance with regulatory requirements, noting that some filmmakers bypass the Board by releasing unclassified films or operating without proper licensing.
He reiterated that all films and video works must be submitted to the NFVCB for classification and registration before being released on any platform, including digital platforms such as YouTube.
“This is a legal obligation, and the Board will not hesitate to take decisive action against defaulters,” he warned, adding that regulation is essential for protecting the industry, audiences, and national values.
Looking ahead, Dr. Husseini assured stakeholders of the Board’s continued collaboration with filmmakers and festival organisers to build a structured, sustainable, and globally competitive Nigerian film industry.
He concluded by commending the organisers of the Coal City Film Festival for their vision and contribution to Nigeria’s cultural economy, urging filmmakers to continue telling authentic stories that can resonate across global screens.
-Leadership
The Academic Staff Union of Universities (ASUU) has issued a four-day ultimatum to the Federal Government, demanding the immediate implementation of a newly approved salary structure for university lecturers nationwide.
ASUU President, Christopher Piwuna, made this known on Thursday while delivering a speech at a public lecture held at Sa’adu Zungur University, Yuli Campus, in Bauchi.
“We have issued a four-day ultimatum from today to the Federal Government to begin the payment of the newly approved salary structure. Failure to comply will attract a strong response from the union,” he said.
The ASUU president noted that the demand forms part of broader efforts to improve the welfare of university lecturers and address long-standing concerns about poor remuneration, which he said has contributed to brain drain and declining standards in Nigeria’s higher education sector.
Analysts at Afrinvest West Africa have warned that Nigeria’s inflation trajectory may reverse its recent disinflation trend, with headline inflation projected to climb to about 16 per cent in the near term, driven by the ripple effects of the escalating Middle East crisis on energy and domestic prices.
This is as they stressed that without swift policy responses, rising energy costs could deepen cost-of-living pressures and erode recent gains in price stability.
However, the analysts noted that the decline was weaker than expected, largely due to a resurgence in food inflation, which rose by 3.2 percentage points year-on-year to 12.1 per cent, offsetting gains in core inflation, which declined by 1.8 percentage points to 15.9 per cent.
On a month-on-month basis, inflationary pressures showed renewed volatility, with headline inflation rising by 2.0 per cent in February, a sharp reversal from the deflationary reading of negative 2.9 per cent recorded in January.
Despite this, analysts cautioned that underlying price pressures remain elevated, particularly from persistently high food costs and structural bottlenecks across the economy.
Looking ahead, Afrinvest highlighted that developments in the Middle East pose significant upside risks to inflation. According to the firm, crude oil prices have surged to about $105 per barrel from $72.69 at the end of February, triggering a sharp increase in domestic energy costs.
The report noted that the spike has already translated into higher retail prices of petroleum products, with petrol rising to about N1,350 per litre, diesel to N1,650 per litre, and cooking gas to N1,400 per kilogram in several states.
“These increases are expected to cascade across transportation, logistics, healthcare and food prices,” the analysts said, adding that existing structural challenges such as inadequate power supply, poor road infrastructure and insecurity could further amplify inflationary pressures.
In its baseline scenario, Afrinvest projected that the pass-through effect of the energy shock could drive headline inflation up by about 150 basis points to 16.6 per cent year-on-year, while month-on-month inflation could spike to 5.2 per cent.
The firm warned that a prolonged crisis could derail the Federal Government’s target of reducing average inflation to 16.5 per cent in 2026 from 23.3 per cent recorded in 2025.
To mitigate the impact on households, Afrinvest urged the government to implement targeted interventions, including the rollout of affordable mass transit systems, healthcare subsidies for low-income earners, and the temporary suspension of tariffs and related charges on food imports and other essential commodities.
-Leadership
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