Connect with us

Business

Free Meal Policy: What Impact, How Sustainable?

Published

on

The President Muhammadu Buhari led Federal Government appears ready to implement one of its campaign promises – the provision of free meals for primary school pupils in the country.
What impact will the project have on the education sector? How sustainable  is  it? These were some of the questions our Deputy Editor (Features), Calista Ezeaku put to some members of the public. Our photographer, Ken Nwuieh captured their images.
Lady Onyinye Mgbemena – Lecturer:
Since independence, governments have always formulated sound policies which to all intents and purposes are meant to advance the nation development wise, but midway through implementation, the policies are left to go moribund or entirely jettisoned. Sometimes after serving a pre-determined purpose as a result of several factors traceable most often than not to lack of continuity, being that many of our leaders consciously have not come to realize that government indeed is a continuum.
This brings to mind another set drawback which is lack of political will to faithfully implement policies as well as paucity of funds. Of course, there is the almighty corruption which has sucked in a good number of policies. Shedding more light  on corruption, policies selfishly conceived on the face value may seem good, but upon a little scratch, the real intention of the formulation which is to feather personal and financial interest is revealed. It is against the backdrop of this that I am persuaded to enthuse that the free meal policy, much as it is good, I view with great cynicism over doubt of its sustainability, I want to be proven wrong.
The beauty of this policy cannot be over emphasised. The overwhelming poverty in the land is taking a heavy toll on over 70% of the country’s population, most of which live below the poverty line and therefore can hardly afford a decent meal a day makes the feeding policy very compelling and quite apt at this stage of our nation’s development. It will no doubt afford a child better frame of mind to study without much distraction, with a concomitant boost in education.
Thus, all hands must be on deck to ensure the sustainability of this project and this will be achieved when it is prioritized. On this nexus, I urge government to ensure product management of resources allocated to the project. The inclement economic climate which has seen the price of plummet abysmally in the international market, rendering our economy comatose, makes the prioritisation necessary. Be that as it may. There is the need to create more awareness on the part of parent to send their children and wards to school without necessarily luring them to school using meal as a bait.
In the final analysis government should show more than a passing interest to ensure that the project which has begun in earnest in some pilot states does not become a flash in the pan.
Mrs Osaghae – Teacher: It is a welcome development in the sense that we are presently going through a period of very high cost of foodstuff and other items alongside retrenchment/downsizing of the workforce in many organizations. The effect of this is that several average homes will have to cut down on the number of meals they can offer. This will in turn imply that a good number of children would likely  be sent off to school without breakfast nor a lunch pack; maybe only with a few biscuits to sustain them through the school day. The rigours of academic work which often involves a lot of physical activity as well as mental energy puts a heavy demand on a child’s total energy, which is an end product of proper nutrition. Children and even a good number of adults cannot function optimally when hungry. Serving a meal to school children would therefore ensure that they would be able to concentrate properly and learning would continue to take place irrespective of the prevailing economic circumstance in our nation.
However, the sustainability of this scheme is not certain since it is not addressing the key issue s of unemployment and poverty. Sustainability would therefore be determined by the government of the day. When another regime is in office, they could think and act otherwise.

Alhaji Usman Ibrahim, – Chairman, Arewa Counsultative Forum, Rivers State:
It is a very good policy but I think there are other more important issues in the country that should have been tackled before we start talking of feeding of the pupils. First of all, the primary schools are supposed to be equipped with modern infrastructure and teaching materials. This will boost the primary school education in Nigeria. We are  also faced with the issue of insecurity especially here in Rivers State and we expect the Federal Government to intervene in solving the problem.
However, I still believe the free meal a day to pupils is a good development as it will help the children to be more focused in school. It will encourage them to go to school. It will also make the children to stay in school till the school dismisses. There are instances where pupils go on break and do not return to school. This will be minimized. The free meal policy will also encourage parents to send their children to school. With the current economic situation of the country, many parents can hardly afford one meal a day. So if they are sure that their children will be given one meal a day in school, they will be eager to send them to school.
I pray the programme will be sustained beyond Buhari’s government because in Nigeria we have the problem of continuity of government projects and programmes in Nigeria. And for the free meal a day to pupils programme to be sustained, there must be a proper funding of it. At the same time, the state Universal Basic Education should be involved in the programme. They should be involved in supervising the feeding to ensure that the right things are done. I will also suggest that the national assembly should make a law, compelling all further administration, to implement the policy. I will also advice that effort should be made to empower the parents financially, so that they will leave up to their responsibilities of feeding and catering for the children adequately.

Mrs Pat Opuebi – Civil Servant:-
With the way things are going now, I don’t think the project is sustainable. You see all promises they’ve been making to us, we are not seeing their fulfillment. So the possibility of the realisation of the free meal a day to pupils is very slim. I also feel they are going to politicize the project. So it might not go according to how it was planned. The project is a good one but my fear is that it will not be sustained. It will help the children educationally because sometimes the children leave the house on an empty stomach. Sometimes some of them steal their parents’ money to buy something and eat in school. But having that assurance that they will be fed in school, it will go a long way to help them.
So, I will advise the federal government to put measures in place to ensure that the project is sustained even beyond Buhari’s government.

Mr Kingsley Nnebara – Civil Servant :-
It is a good development if government can abide by the rules of that policy, not tomorrow they cannot continue with it. If they can sustain it, it is good. It will help the children. It will make them to be strong. If they did not eat at home and in school you give them one meal, it is good for them.

Chief Achor Owhonda – Businessman:-
The policy is a good one but I don’t see the feasibility considering the current economic situation of the country. Everything is going down. So I don’t see the Federal government being able to bear such burden in all the public schools in the country. The Federal government has been crying that there is no money and every sector is down sizing. So for the Federal government to say billions of naira has been set aside for this project, it means they have been lying to us. It means there is money. But if there is money, we should even invest it in some other sectors that will yield income, not to feed school children. Feeding of school children shouldn’t be our priority. It should be the responsibility of parents to feed their children. There are some specific food children eat at home and the free meal provided in school might not cater for that. So it will be a waste for Federal government to fund such project.
To me, I will say that rather than helping the children to learn, it will even cause distraction   because there is time for the  food to be served and time for the children to eat the food. So these periods are shorting the time they will use to learn. So it will distract children from learning. Considering  the number of children we have in public schools, it is not possible that the whole children will be fed during break. I’m also certain that the Federal government cannot sustain it. They might be able to manage it for moment but after sometimes it will collapse. Another point is that some people will milk from it. Some people will use it as a means of making money. So I am discouraging it. They should look for other areas to invest our money, not in feeding school children.
As a parent I will not be comfortable for my child to eat the free meal. I was listening to radio sometime ago and a story was told of how a cook in a secondary school in Lagos would blow her nose  inside the food she was cooking for the students. The students saw it and protested. That made some of the students to jettison boarding. That discouraged some of us. For instance, I boarded when I was a student but my children will never board because of such attitude.
You don’t know how the food they give them in school was prepared. They are not prepared in very hygienic environment, sometimes.  So if care is not taken, the free meal a day project might lead to food poisoning because of how and where they are prepared.
So, since the federal government  has already budgeted for the project, they should go ahead and try it. If not I would have advised that they should drop the idea.

Continue Reading

Business

NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

Published

on

NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
Continue Reading

Business

Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

Published

on

Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
Continue Reading

Business

Wema Bank Admits 10 Startups into Hackaholics 2026

Published

on

Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
Continue Reading

Trending