Dear Respected Shareholders
Assalamu Alaikum Warahmatullahi Wabarakatuhu (May the peace, mercy, and
blessings of Allah be upon you).
I begin by praising Allah (SWT) and seeking His guidance, forgiveness, and protection from the wrongs we may commit. I bear witness that there is no deity worthy of worship except Allah alone, without any partners, and I bear witness that Muhammad (SAW) is His servant and final messenger.
I am delighted to welcome you to the 13th Annual General Meeting and the presentation of our Annual Accounts. This gathering marks a significant milestone for me, as it is the final Annual Reports & Accounts that I will present as the Chairman of the Board of Directors.
This responsibility was entrusted to me and
my fellow board members in 2015, following the distinguished leadership of our pioneer Chairman, Alhaji Fatai Salami, who had successfully completed his five-year term.
Let us begin by examining the global and national economic and political landscape
within which we operated during the past year.
The ongoing Russia-Ukraine conflict, which escalated to a full-scale war in 2022, has had far-reaching consequences on the world stage. The conflict resulted in heavy casualties and deepened divisions among major world powers, ultimately affecting the economies of numerous countries.
For Nigeria, despite being a major oil-producing nation, the benefits were mitigated due to our dependence on imported refined oil.
On the domestic front, we witnessed general elections and an unexpected currency redesign approved by the Central Bank of Nigeria, resulting in a short compliance
window of just two months.
This redesign caused an unprecedented scarcity of local currency, leading to significant disruptions in the lives and livelihoods of our citizens.
The election itself was fiercely contested, leading to a three-horse race at
the federal executive level, a departure from the usual two-horse contest
We are optimistic about our prospects and the brighter future that awaits our enterprise. We have made substantial preparations to maximize opportunities in the Complete Quran Course (CQC) program and our Sixth Form initiative, which will provide our students with access to international examinations, facilitating their pursuit of degrees in advanced countries.
Additionally, we are investing in state-of-the-art sports facilities while maintaining our strong focus on Quranic memorization and understanding, thereby ensuring the holistic development of our students.
RECAP OF ACHIEVEMENTS OF THE LAST EIGHT YEARS (2015-2023)
Allow me to reflect on some of the noteworthy accomplishments of this Board over the past eight years:
Human Capital Development: We have attracted and retained high�caliber teachers who received world-class training and continuous ddevelopment.
Academic Excellence: Our students consistently excelled in external exams, and we have nurtured them to be well-versed in their faith, leadership, and driven by self-motivation to strive for excellence. Our commitment to this mission resulted in the production of twenty-seven Huffaz, and all our graduates reached significant milestones in Quranic memorization before leaving the school.
Brand Respectability: The At-tanzeel brand is now highly respected both locally and internationally. The trust placed in us by parents, even amidst challenging economic circumstances, is a testament to our reputation.
Enrolment and Staff Growth: We have witnessed exponential growth in student enrolment, increasing from 81 in 2015 to over 200 in 2023, representing over 170% growth. Our direct staff has more than doubled,
increasing from 32 to 65, not to mention additional indirect and contract staff.
Our deep appreciation goes out to our partners, including shareholders such as
Alhaji Ishaq Folorunsho and Alhaji Abdul Hakeem Alimi, who have made selfless
contributions to provide critical infrastructure for the school.
We extend our gratitude to our staff, the At-Tanzeel Stakeholders Forum (ASF), our generous hosts and donors who support our leadership events and other life-changing
activities. We also thank our students for their dedication, and our esteemed shareholders for their unwavering faith in our mission.
In closing, I have every confidence that the newly inaugurated 3rd Board of At�Tanzeel Schools will carry the torch of our vision forward. These individuals have demonstrated their capacity and dedication to the At-Tanzeel mission, and I am confident that they will lead our enterprise to even greater heights, insha Allah.
We offer our sincere prayers to Allah to pardon our mistakes, forgive our sins, purify our intentions, and accept our sacrifices as acts of worship for His sake.
Wa alaykum as-salam wa rahmatullah wa barakatuhu.
Abdul-Hameed Oladimeji Olona