Business
IITA Project Gets Funding From Children
School children between ages three and 12 from the Ibadan International School have raised about three hundred and fifty thousand naira (N350,000 ($2,000) to support the International Institute of Tropical Agriculture’s Forest Project.
The donation is part of the school’s efforts towards supporting good causes in the society.
In a statement by IITA, the Primary Years Programme Coordinator at IIS, Mrs. Helen Chatburn Ojehomon, was quoted as saying, “This donation is to support the Forest Project for the positive impact on the lives of the children.”
The IITA Forest Project has over the years provided children and teachers with the opportunity to learn about forest conservation, biodiversity, and the negative effects of deforestation.
Located on about 350 hectares in Ibadan, the IITA Forest Reserve is one of the few surviving and best protected secondary forests in western Nigeria with more than 230 different types of butterflies. It also plays host to 250 different species of birds, and over 450 plant species, most of which have medicinal uses.
Ojehomon explained that funds for the donation were raised by the children through the MathBuster Challenge—a sponsored educational programme that encourages learning and enjoyment of mathematics. Funds raised from the sponsorship go into charity, and sponsors could be friends, parents, and relatives.
This year is the ninth in the series of the MathBuster Challenge, and the programme has supported different projects in the past. The Forest Project of IITA was chosen in 2012 because the students had learnt about environmental degradation and deforestation during their numerous visits to IITA forest; as such the issues brought inspiration and interest in the project to them.
“The children feel this project should continue. And basically, we want to link their learning with action so that they can use their learning to help the community,” Ojehomon said.
The Coordinator, IITA Forest Project, Mrs. Deni Bown, was also said to have commended the children and the school for the gesture, stressing that the conservation of Nigeria’s forest was vital to the survival of the country’s people.
Underscoring the importance of forests to human existence, Bown likened the forest to the human skin.
”The forest is like the protective ‘skin’ of the planet earth. If you remove it, the earth gets hotter. And if we lose our forest to a certain level, we will have irreversible global warming” the forest expert said.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.