Actis-backed African education group acquires Nigerian university - CEO

Actis-backed African education group acquires Nigerian university - CEO

- Actis-backed African education group has acquired Nile University

- Luis Lopez, the CEO of the group, said it acquired the Nigerian university in February

- The CEO said the group would look to expand the university’s 113-hectare campus and increase its student base to 10,000 within six years

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A pan-African education group backed by global investment firm Actis has acquired its first university in Nigeria as it seeks to make inroads into Africa’s largest economy, its chief executive officer told Reuters.

According to a report by Reuters, the education group has universities in countries including Tunisia, Morocco, Mauritius, South Africa, Zimbabwe and Zambia.

Legit.ng gathered that the CEO of the group, Luis Lopez, closed the deal to acquire Nile University in February before the COVID-19 pandemic hit Nigeria, adding that he declined to disclose financial details of the acquisition.

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He added that Nigeria is the education group’s first entry into West Africa, saying that some 1,700 students have graduated from Nile, founded in 2009 in the capital Abuja.

It has 3,500 students who pay tuition fees of around 2.4 million naira ($6,700) each on average per year.

Actis-backed African education group acquires Nigerian university - CEO

Nile University.
Source: UGC

Lopez said the group would look to expand the university’s 113-hectare campus and increase its student base to 10,000 within six years.

“The first thing we noted is that there is a big demand for high-quality education provided in Nigeria,” he told Reuters.

The pandemic has disrupted learning for students seeking education at home and abroad.

Honoris has been supporting its students with digital and distance learning platforms for the past four months as the COVID-19 pandemic disrupts services.

Lopez said Honoris would expand Nile’s distance learning and digital capabilities to target students in the commercial city of Lagos and two other states in northern Nigeria.

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Meanwhile, Legit.ng had previously reported that the hope of lifting the ban on the higher institutions in Nigeria was dampened as the federal government insisted that there is no arrangement for such development.

It was reported that while briefing pressmen on Tuesday, June 30, Sani Aliyu, the coordinator of the presidential task force on COVID-19, made this known as Nigeria begins another phase in relaxation of lockdown.

Aliyu's position came on the heels of the decision of the federal government announcing "a safe reopening" of schools for the graduating classes nationwide.

He added that all measures recommended and approved by President Muhammadu Buhari were geared towards flattening the curve of the COVID-19 crisis.

Aliyu, however, assured that the federal government will take "pragmatic measures" in ensuring that the education sector does not lose a whole year because of the COVID-19 pandemic.

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Source: Legit Newspaper

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