NEWS
How I Became a Chartered Accountant at 17 – Babcock Student
At 17, Oluwatiseyitan Alabi, a 400-level Babcock University student, achieved what many adults only dreamt of: becoming a certified member of the Institute of Chartered Accountants of Nigeria. He tells the inspiring journey of how he balanced academic demands, personal setbacks, and professional goals
How old are you, and what school do you attend?
I just clocked 18 years last December. I’m a final-year student studying Accounting at Babcock University. I’m passionate about God, Accounting and Finance. Like I said, I’m 18 years old now. I’m not the only child of my parents. I have a younger brother who is a science student. Unlike me, he believes in tech rather than accounting.
When exactly did you get the ICAN certification?
That was December last year before I clocked 18.
What inspired you to pursue Accounting?
Of course, we did Business Studies as a subject in junior secondary school. That was when I was in JSS 2 and JSS 3, and I wasn’t that bad because I was great at it. So, my parents just said, ‘Why not go for Accounting instead of going to the usual science that most people thought they wanted to go to?’ I just followed the movement, and here we are today.
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Did you at any point disagree with your parents’ suggestion to study Accounting?
No, I’ve had an interest in it right from the start.
How did you manage to get inducted into the Institute of Chartered Accountants of Nigeria at 17?
After I completed my secondary education, there was a session called ATS (Accounting Technician Scheme) before writing the ICAN exam. So, I was reading for it, and when I got to school in 2022, I found out that the organised classes for ATS were awesome.
So, I joined the classes, wrote the exam, and by God’s grace, I passed ATS 1, ATS 2, and ATS 3. I was able to write the skills level for the ICAN exam in November 2023. I was reading for the ATS exams before I gained admission.
After the skills level, I failed one paper in November 2023, then I wrote it again in May 2024. I passed it and got to the final stage, the professional level, and by God’s grace, I passed.
Have you been sitting the exam before you clocked 17?
Yes. I started it when I was 16 years old, just a year after I finished secondary school.
At what point did you realise that there was a need for you to have an ICAN certification?
Well, ICAN is the biggest Accounting certification or qualification in Nigeria, and it is everybody’s dream to have it. The opportunity came for me to sit the exam with the support of my parents and all. Since it is the biggest thing, I just wanted to write it and see if I could get it.
How were you able to balance university coursework and ICAN professional studies?
In Accounting, some of the topics are related and interwoven. So, I focused more on reading for the ICAN exam. If I focused on reading for the ICAN exam, then schoolwork was also part of it. I read for that, but when it was time to focus on schoolwork, I also focused on that. It meant that there would be less time for me to play around and do some other things.
Was there any challenging moment for you while studying for ICAN?
There were some topics I couldn’t understand, but my teachers helped. When I said I failed a paper, I felt bad because I had never failed before, since I’ve been writing. So, when I failed, it was quite a discouraging moment, but thanks to God and my parents, who stood by me.
What went through your mind the moment you failed one of the exams?
Honestly, I had wanted to stop it. I was about to say that after my graduation, I would pick it up again because I was discouraged. I was just down trying to read what I had read in the past. I wasn’t even in the right mental state to pick it up again, but I thought there was no point in starting a project and not finishing it.
There was no use for that, so I talked to my parents, and they also advised me. They said there was no point in starting if that was what I would do. They said I should continue and keep striving for it, and that was how I kept on going.
Did your ICAN exam ever clash with the normal school examination period?
Not really. There was usually a month’s gap between the ICAN and school exams, so there was enough time for me to pick up schoolwork immediately and go to school.
For instance, if there’s an ICAN exam in November, and usually the school exam starts in December, there would be a month gap that I could easily read up and brush through everything that I had done in school for the semester.
What can you say about your academic performance as an undergraduate?
Throughout my academic journey as an undergraduate student of Accounting at Babcock University, I have been privileged to maintain a strong academic record. This accomplishment is not just a reflection of grades but of consistency, intentional effort, and a deep-rooted commitment to excellence.
From the beginning, I set out not just to succeed but to stand out. Accounting is a rigorous discipline, demanding attention to detail, analytical thinking, and a deep understanding of financial systems.
Among the many courses I encountered, Financial Management stood out as my favourite. I was drawn to it not only because of the complexity it presented but also because it required me to think critically and strategically, and that I believe defines leadership in the field of finance.
Achieving academic success has not come without its challenges. Like many students, there were moments of pressure, tight deadlines, and even courses that seemed overwhelming. However, with a combination of faith, discipline, and effective study methods, I’ve learnt to navigate these periods with resilience.
I believe that God is the ultimate source of wisdom, and I genuinely consider Him my number one strategy for success. I also made heavy use of YouTube tutorials and other digital resources to break down complex topics into understandable formats.
Teaching others has also played a crucial role in strengthening my understanding; the more I taught, the deeper my grasp of the material became. I draw a lot of motivation from a quote my dad often reminds me of: “Genius is 99 per cent perspiration and one per cent inspiration.”
That quote has stayed with me, constantly reminding me that excellence is not a gift but a result of continuous effort. It inspired me to push boundaries, study late into the night, ask more questions, and never settle for ‘just enough’.
Beyond academics, I actively tutor my peers, not for reward, but because I believe knowledge grows best when it is shared. It gives me immense joy to see those I help succeed to know that I’ve made a difference in someone else’s academic story.
How did your lecturers, friends, and colleagues contribute to the achievement?
They played a very big role. First of all, my parents were very vital, giving me strength, support, and guidance. Then our teachers were also very supportive of the fact that when we were sitting the exam, they taught us in line with the exam. The school organised ICAN classes for us to sit the exams. I had friends who also sat the exams, so we were reading together.
Were you the youngest among your friends who also wrote the ICAN exams?
Yes, I was.
Can you describe a moment when you had to work with people older or more experienced and how you were able to earn their respect and contribute meaningfully?
There was a period of holiday before the semester started when I was attending ICAN classes at home last year, and the people there with us were much older. The teachers were much older. How I gained their respect was that although I’m young, yes, I admit that, but they knew that I was striving for something, too.
They knew that for me to be there, we had the same goal. We were all trying to learn and work together towards achieving the goal of the exam, and I showed that I also knew something to an extent, and through that, I was able to gain their respect.
Did you experience any stigma or stereotypes about being the youngest among them?
Not really, and that was because I was already used to being the youngest among many people.
Why did you say so?
Most of my friends are older people who are maybe two years older than me.
Why do you prefer to keep older friends?
It just happened. I’m naturally drawn to talking to more people with higher kinds of experience, and of course, it has an impact on the way I see life. I believe people around me have great things in them. They are making me see that I’m more future-oriented now than just playing around and enjoying myself. I’m looking at the future because of the kind of people that are already around me.
Integrity is a key value in Accounting. Can you tell us about a time when you had to make a very difficult ethical decision?
I don’t think I’ve had that kind of ethical decision that would test my integrity. I don’t think I’ve come across that yet.
What areas of accounting are you most interested in for the future, and why?
I prefer Corporate Finance. I chose Corporate Finance because it is more dynamic and interesting than the typical auditing or taxation. For me, those are just the boring aspects of accounting.
Have you made any step in pursuing corporate finance?
Yes. I’m taking courses on Financial Analysis and Financial Modelling.
What global accounting certifications or advanced degrees are you considering next?
I’ll be considering the ACCA (Association of Certified Chartered Accountants) for sure, and the CFA (Certified Financial Analyst).
What would you say is your biggest personal growth or transformation so far?
My biggest personal growth was being able to build more confidence. Coming from a space of older people, sometimes you tend to be a bit timid, but looking back, I think I’ve learnt to be more confident, and to any young person out there, go for it, remain focused, and be determined to get your goal. Age is never a barrier to any goal.
Source: The Punch
NEWS
PTDF Succour 15,000 Nigerians with Scholarships
The Petroleum Technology Development Fund (PTDF) said it has sponsored nearly 15,000 Nigerians for studies at home and abroad, with 1,571 scholars currently studying in 15 countries, as of July 2026.
This is as the Fund is now asking the United Kingdom (UK) to help address visa rejections, high tuition fees and the monitoring of its scholars, which it says are putting pressure on the programme.
The executive secretary of the Fund, Prof Shu’aibu Shehu Aliyu, made the request on Tuesday at a meeting with the British High Commissioner to Nigeria, Pete Vowles. The meeting was held at the General Shehu Musa Yar’adua University of Geological Sciences and Engineering Technology, Kaduna.
According to Aliyu, the Fund had sponsored the beneficiaries through its Overseas Scholarship Scheme and In-Country Scholarship Scheme, for undergraduate and postgraduate studies.
He said that as of July 2026, 1,571 scholars were studying in 15 countries and more than 120 partner institutions. He added that demand for PTDF scholarships was still rising.
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The executive secretary said the UK had for decades been the Fund’s main partner in building skills for Nigeria’s energy sector.
He said the PTDF worked with 24 British universities, including Robert Gordon, Strathclyde, Portsmouth, Aberdeen, Newcastle, Birmingham, Glasgow, Leicester, Liverpool and Manchester.
He said the partnership had helped train thousands of Nigerian engineers, geoscientists, researchers and energy professionals.
Aliyu also said the Fund worked with institutions in Germany, France and Malaysia, where it sought cheaper ways to train Nigerians. He said the Fund still wanted to keep its long-standing ties with the UK.
The ES told the High Commissioner that the Fund was facing problems with its UK partners. He listed these as tuition fees that were high compared with other European countries, and visa rejections.
“I would like to take this opportunity to highlight several challenges we are facing with our UK partners for the High Commissioner’s attention,” he said.
He said the Fund also wanted a plan to monitor its scholars in the UK, with support from the UK government and the host universities.
Aliyu did not give figures for the fee increases or the number of visa rejections.
In response, Vowles said the British High Commission understood the difficulties, especially those linked to visas and increases in tuition fees.
“We will take these concerns away as a team and communicate them to the relevant stakeholders within the UK system,” he said.
The High Commissioner said the PTDF and the High Commission had worked together to simplify the process. He said the PTDF’s recognition as a government-approved sponsor was expected to help.
“Having the PTDF recognised as a government-approved sponsor will hopefully make the process much smoother,” he said.
He did not promise any change in fees or visa rules.
NEWS
Lagos Warns Hospitals Against Denying Emergency Care Over Payment
The Lagos State Government has warned healthcare providers against denying emergency medical treatment to patients because of financial constraints, insisting that patients must be stabilised before payment or health insurance details are discussed.
Governor Babajide Sanwo-Olu gave the warning on Wednesday while flagging off the enforcement of Executive Order EO/BOS/01 of 2024 and unveiling the Lagos Private Health Plans (LPHP).
The governor said the policy was designed to protect residents from the financial burden of unexpected medical expenses and ensure that access to healthcare does not depend solely on their ability to pay when illness or an emergency occurs.
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“We are also setting a firm boundary for all healthcare providers, no hospital in Lagos is permitted to turn away anyone needing emergency care due to financial constraints,” Sanwo-Olu said.
“Patients must be stabilized first before any payment or insurance details are discussed,” he added.
Under the arrangement, Lagos residents have until December 31, 2026, to obtain health insurance coverage, with formal enforcement scheduled to begin on January 1, 2027.
Explaining the need for the policy, the governor said rising healthcare costs had made reliance on direct payments during emergencies increasingly difficult for families.
“Healthcare costs are rising rapidly and relying on cash payments when an emergency strikes simply does not work,” he said.
“We are changing that system today so that quality care is accessible to all without putting your life savings at risk.”
The initiative introduces the Lagos Private Health Plans to extend insurance coverage to salaried workers and corporate organisations, complementing the existing Ilera Eko scheme, which caters to vulnerable residents and people working in the informal sector.
According to Sanwo-Olu, 21 Health Maintenance Organisations (HMOs) have already joined as partners to expand coverage across the private sector.
Lagos Increases Health Equity Fund to ₦3bn
As part of efforts to ensure that low-income residents are not excluded from healthcare coverage, the state government has increased its Health Equity Fund from ₦1 billion to ₦3 billion.
Sanwo-Olu said the expanded fund would enable the government to pay insurance premiums directly for more than 500,000 residents who cannot afford coverage on their own.
“To ensure no one is left behind, we tripled our Health Equity Fund from ₦1 billion to ₦3 billion,” he said.
“This allows us to pay premiums directly for over 500,000 residents who cannot afford insurance on their own.”
The governor also emphasised that employers must take responsibility for the healthcare coverage of their workers, describing it as a mandatory obligation comparable to pension contributions.
“To our business owners and employers, employee healthcare is not an optional extra, it is a mandatory responsibility just like pensions,” he said.
He added that strengthening healthcare financing would help retain medical professionals in the country.
“To our doctors and medical professionals, strengthening our healthcare financing builds the solid foundation we need to keep your talents right here at home,” Sanwo-Olu said.
The governor maintained that the reform would help families avoid financial hardship caused by unexpected medical bills while encouraging more residents to seek treatment when necessary.
“We are protecting families from the burden of unexpected medical bills, helping more people seek care when they need it and building a healthcare system that works for everyone,” he said.
He added: “No one should have to choose between getting medical care and protecting their household finances.”
With the December 31 deadline approaching, residents, workers and employers are expected to obtain the required health insurance coverage before formal enforcement begins on January 1, 2027.
Sanwo-Olu said the ultimate objective was to build a healthcare system in which quality medical services were accessible and affordable to residents across the state.
NEWS
₦70,000 Monthly Allowance: FG, NLC Leave Minimum Wage Dispute Unresolved
The Federal Government and the Nigeria Labour Congress (NLC) have agreed on a ₦70,000 monthly transport allowance for workers for six months, beginning in November 2026, but failed to resolve their disagreement over the effective date for implementing the national minimum wage.
The agreement was reached at a conciliation meeting between the Federal Government and organised labour at the Ministry of Labour and Employment in Abuja on October 27, 2026.
The transport intervention is part of measures proposed by the Federal Government to cushion the effects of rising petroleum pump prices and the resulting pressure on workers’ finances.
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Under the resolutions reached at the meeting, the government will provide the monthly transport allowance for six months, beginning in November.
However, despite the agreement on transport support and other welfare measures, the minimum wage implementation date remains unresolved.
FG, NLC to Begin Minimum Wage Negotiations
As part of efforts to address the disagreement, the meeting agreed that the Minimum Wage Negotiation Committee should be constituted and commence meetings immediately.
The move is expected to provide a platform for further discussions between the government and organised labour on workers’ minimum wage demands.
The failure to agree on an implementation date leaves the issue open even as both parties pursue other measures aimed at easing the financial pressure on Nigerian workers.
FG Agrees to Pay Outstanding Allowances
The resolutions also provide for the payment of peculiar allowance arrears in three equal monthly instalments beginning in November 2026.
For health workers, the Federal Government agreed to redeem 19 months of outstanding allowances within three months, starting in December 2026.
The meeting also addressed the proposed hazard allowance for agricultural officers.
According to the resolutions, the Federal Ministry of Agriculture and Food Security had submitted the list of beneficiaries and the associated cost implications to the National Salaries, Incomes and Wages Commission for verification.
The commission is expected to complete the verification exercise within two weeks and issue an implementation template.
Decision on Health Workers’ Salary Adjustment Pending
The proposed adjustment to the Consolidated Health Salary Structure (CONHESS) was also discussed during the meeting.
The National Salaries, Incomes and Wages Commission is expected to complete an updated assessment of the cost implications within three weeks.
The assessment will be forwarded to the Presidential Committee on Salaries for consideration.
No final decision on the proposed adjustment was announced in the resolutions.
Tax Relief Referred to NEC
On tax relief for workers, the meeting agreed that the matter should be referred to the National Executive Council (NEC) for consideration.
The resolutions stated that, “Since tax is a statutory matter, the issue of tax relief for workers will be taken to National Executive Council (NEC).”
The meeting did not specify the proposed tax relief measures or when a final decision would be made.
FG, NLC to Review Implementation
The Federal Government and the NLC also urged state and local governments to participate in the intervention process.
The parties agreed to reconvene after one month to assess progress on the resolutions reached at the meeting.
The agreement was signed on behalf of the Federal Government by the Minister of Labour and Employment, Dr Muhammad Maigari Dingyadi; the Director-General of Budget, Timi Yakubu; and the Permanent Secretary of the Service Welfare Office in the Office of the Head of the Civil Service of the Federation, Dr Garba Abdul S.U.
NLC President, Comrade Joe Ajaero, signed on behalf of the Congress, while Olowoyo Gbenga signed for the Joint National Public Service Negotiation Council (JNPSNC).





