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Oando Foundation Joins Industry Leaders to Advance Private Sector Action on Education Financing in Nigeria
Oando PLC
(Incorporated in Nigeria and registered as an external company in
South Africa)
Registration number: RC 6474
(External company registration number 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
("Oando" or the "Company")
April 21, 2026
Oando Foundation Joins Industry Leaders to Advance Private Sector Action on Education
Financing in Nigeria
Lagos, Nigeria – Oando PLC, Africa's leading indigenous energy solutions provider, through its
independent charity, Oando Foundation, participated in a high-level private sector roundtable
convened by the Federal Ministry of Education (FME). This event, supported by the Global
Partnership for Education (GPE), an international organization dedicated to ensuring quality
education for children, particularly in developing countries, aimed to strengthen private-sector
engagement in advancing Nigeria's education priorities.
The roundtable provided a strategic platform for direct engagement between senior government
officials and private sector leaders, enabling the Ministry to clearly articulate its education priorities,
delivery frameworks, and critical funding and execution gaps. It also marked a shift from dialogue
to action with the establishment of a formal public-private working group tasked with mobilising
resources, shaping policy, and driving coordinated private sector participation in the delivery of
national education objectives.
Oando Foundation has been appointed to this working group, reinforcing its role as a key private-
sector partner in education. This builds on the Foundation's leadership within the Private Sector
Advisory Group Nigeria (PSAG), where it leads the Education Cluster, coordinating private sector
engagement and aligning interventions with government priorities to drive systemic impact.
In his remarks at the roundtable, the Honourable Minister of Education, Dr. Maruf Tunji Alausa,
(FAMedS) CON, emphasised the importance of structured private sector collaboration in
addressing Nigeria's education challenges, highlighting the need for aligned investment, clearer
policy coordination, and innovative financing approaches to sustainably deliver on national
education goals.
Speaking on the significance of the engagement, Wale Tinubu CON Group Chief Executive, Oando
PLC, stated: "Engaging the private sector is not merely beneficial; it is critical for unlocking
transformative and sustainable educational outcomes on a national scale. This roundtable
showcases the potential that arises when government and business unite for a common cause:
investing in our youth and nurturing the human capital essential for Nigeria's advancement.
Through Oando Foundation's strategic efforts and our active role in the working group, we are
laying the groundwork for smarter investments, greater accountability, and tangible impacts in
education across the country."
Commenting on Oando Foundation's participation, Tonia Uduimoh, Head, Oando Foundation, said,
"This engagement marks a critical step in strengthening alignment between government priorities
and private sector action. As the implementation vehicle for Oando Plc's social investment in
education, Oando Foundation remains committed to supporting coordinated, system-level
interventions that improve access, quality, and learning outcomes. Our inclusion in the working
group reflects both our long-standing commitment to the sector and our readiness to contribute
meaningfully to the delivery of national education priorities."
Nigeria faces pressing educational challenges, with an estimated 14.8 million children currently out
of school. Even more concerning is the fact that nearly two-thirds of enrolled students struggle to
read age-appropriate texts, revealing a serious foundational learning crisis. However, recent
reforms aimed at boosting the allocation from the Consolidated Revenue Fund to the Universal
Basic Education Commission (UBEC) demonstrate a heightened government commitment to basic
education funding. This presents a crucial opportunity for the private sector to leverage its capital
and expertise, effectively complementing public investments on a larger scale.
Against this backdrop, the newly established working group is expected to play a central role in
translating policy into action, ensuring that private sector contributions are effectively aligned with
national priorities and channelled toward high-impact interventions. Its focus will include reducing
fragmentation, improving accountability, and unlocking sustainable financing mechanisms to
support long-term system transformation.
Since its inception in 2011, Oando Foundation has directly impacted over 1 million beneficiaries
across 324 public primary schools in 24 states, through a holistic, whole-school development
approach focused on improving learning environments, strengthening teacher capacity, and
enhancing student outcomes. Its current strategy, LEARNOVATE, prioritises foundational literacy
and numeracy, climate-conscious education, and sector-wide advocacy to drive sustainable
impact.
The roundtable forms part of the Federal Ministry of Education's broader efforts to mobilise private
sector participation in education financing and delivery, ensuring that national priorities are
supported by coordinated investment and scalable partnerships.
Oando Foundation remains committed to driving impactful, sustainable interventions that
contribute to an inclusive and resilient education system in Nigeria.
For further information, please contact:
Folasade Ibidapo-Obe
Company Secretary
The Wings Office Complex,
17A Ozumba Mbadiwe Avenue,
Victoria Island, Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
Email: fibidapo-obe@oandoplc.com
For: Oando PLC
Mrs. Folasade Ibidapo-Obe
Chief Compliance Officer & Company Secretary
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited
Date: 21-04-2026 04:19:00
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