Business
49 Student Nurses Get N7.8m Mobil Scholarship
Mobil Producing Nigeria (MPN) has presented scholarship worth N7.8 million to 49 student nurses in Akwa Ibom.
The beneficiaries were drawn from four Schools of Nursing at Anua, Eket, Ikot Ekpene and Ituk Mbang.
Making the presentation on Thursday in Uyo, the Executive Director of MPN in charge of External Affairs, Mrs Gloria Essien-Danner, said that each of the beneficiaries would be entitled to N160,000 for two years.
A breakdown of the scholarship grants show that each beneficiary will get N70,000 per year for two years in addition to N20,000 grant for final year project.
Danner said that the grants were subject to student academic performance, “as we believe in encouraging and rewarding excellence,” she emphasised.
“This gesture by NNPC/MPN is in line with our commitment to support youth development, capacity building and health care delivery system,” Danner said.
“This assistance to student nurses further complements NNPC/MPN’s annual provision of 500 undergraduate Scholarship Awards, out of which 50 per cent goes to indigenes of Akwa Ibom State,” she added.
She also donated two photocopying machines worth N500,000 to the Directorate of Nursing Services in the state.
Danner further presented Nl.8 million to St. Anthony’s Destitute Centre towards the procurement and installation of 15 KVA Generator at the centre.
Another less privileged centre, the Providence Home also got N600,000 to help equip its new building with furniture and welfare items.
Danner advised the beneficiaries of the grants to utilise them for the purpose they were intended.
In her address, the State Commissioner for Health, Dr Louisa Ukpeh, thanked the management of MPN for its show of magnanimity to the student nurses.
“This scheme, I believe will serve as a booster to our students and will spur their level of interest in their studies.
“We earnestly believe that this will be a continuous exercise in your support for the efforts of Akwa Ibom government to build capacity and boost quality of health services,” she 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.