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Stanbic IBTC Introduces Scholarship Scheme for Undergraduates

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Stanbic IBTC

By Modupe Gbadeyanka

Entries for the maiden edition of the scholarship scheme put in place by Stanbic IBTC Holdings Plc have commenced and it is open to Nigerian undergraduates.

A statement from the firm, which is a member of the Standard Bank Group, disclosed that students who participated in the 2020 Unified Tertiary Matriculation Examination (UTME) and have just gained admission into any of the tertiary institutions can apply for the programme.

The foremost end-to-end financial services provider said the total scholarship worth N40 million would be spread across four years and disbursed in tranches of N100,000 per academic year.

The firm also said that subsequent disbursement of the funds would be based on the maintenance of at least second-class upper grade and good conduct of the student as referenced by the university.

The Stanbic IBTC 2020 Scholarship Programme is geared towards encouraging hard work and academic excellence amongst Nigerian undergraduates

The CEO of Stanbic Holdings, Mr Demola Sogunle, explained that the scheme was put in place because the organisation recognises the importance and impact of education in the life of every Nigerian youth.

“Education empowers and encourages the youth to prepare for the future while also confronting challenges. Education is a panacea for the growth and enduring development of any nation or organisation,” the bank chief said.

He reiterated that apart from making deliberate efforts to cushion the effect of the economic hardship caused by the pandemic on parents and guardians, the Stanbic IBTC 2020 Scholarship Programme would also seek to reward exceptional candidates who demonstrate academic excellence and good character.

While assuring members of the public of the organisation’s commitment to the growth and development of Nigerian youths, Mr Sogunle said: “Over the years, we have demonstrated our obligation to the future leaders through the various plans and programmes geared towards supporting their dreams and aspirations. One of such programmes is the annual Stanbic IBTC Youth Leadership Series (YLS), which engages Nigerian youth on how to explore their innate potentials to become better business leaders.”

The Stanbic IBTC 2020 Scholarship Programme kicked off on September 1, 2020, with the call for applications through the firm’s website and social media platforms.

Criteria for selection include a minimum score of 200 in the 2020 UTME and letter of admission into a Nigerian university, issued by the Joint Admissions and Matriculation Board (JAMB) or the university.

Upon the close of entries and completion of the scholarship process, 100 successful applicants will be offered their scholarship letters.

Intending participants can apply for the programme HERE

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Education

Stanbic IBTC Renovates Classrooms at Waziri Primary School

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waziri primary school Minna

By Modupe Gbadeyanka

Six classrooms and the Head Teacher’s office at the Waziri Primary School in Minna, Niger State have been renovated by Stanbic IBTC Holdings Plc.

The company revamped the facilities as part of its Adopt-A-School initiative, which exemplifies its commitment to fostering better learning environments for Nigerian children.

The renovation and infrastructure upgrades carried out at the school reflect Stanbic IBTC’s dedication to sustainable educational development.

The project involved several key improvements, including the renovation of two classroom blocks; the Installation of 120 new pieces of classroom furniture; the construction of a modern computer laboratory; a modern block of 12 toilets; planting of 50 trees to enhance the school environment; and the development of a football area for recreation and physical education.

In addition to these infrastructural advancements, Stanbic IBTC provided essential learning materials to enrich the educational experience for both pupils and teachers.

These enhancements will directly benefit 1,000 students and 117 teachers; equipping them with improved resources to achieve their full potential.

This project marks another significant milestone in the Adopt-A-School initiative, which is already improving the learning conditions of those impacted in Ogun, Akwa Ibom, Ekiti, Sokoto, Borno, and Gombe states.

Through these efforts, Stanbic IBTC continues to reinforce its commitment to improving lives and shaping future generations.

Waziri Primary School is the seventh school benefiting from the organisation’s commitment to educational development in Nigeria.

At the commissioning of the project recently, the acting chief executive of Stanbic IBTC, Mr Kunle Adedeji, said, “The Adopt-A-School initiative is part of our broader mission to foster sustainable growth and development in Nigeria. We are dedicated to creating an environment where children can learn and thrive.”

In his speech, the chairman of Chanchaga Local Government, Mr Aminu Ladan, said, “It is essential to recognise and appreciate the individuals and organisations actively working to create a better future for our communities. Their efforts inspire hope and lay the groundwork for the next generation to achieve their dreams.”

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Education

InterswitchSPAK 6.0: The Race to Discover Nigeria’s Next STEM Champion

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airing of InterswitchSPAK 2.0

The 6th edition of the InterswitchSPAK TV show is lighting up screens across the country, putting Africa’s brightest young science minds in the spotlight. Since the season premiere on Sunday, October 20, 2024, the competition has been a thrilling display of jaw-dropping brilliance, unrelenting determination, and groundbreaking innovation, as Nigeria’s top science students vie for the ultimate STEM crown.

The competition has been nothing short of electric, brimming with suspense, drama, and unforgettable moments as 18 exceptional semi-finalists have emerged after six thrilling episodes.

These young stars have brought their A-game, proving that African talent is ready to take on the world. With impressive displays of speed, accuracy, knowledge, and problem-solving prowess in STEM subjects, they’ve showcased just how sharp and innovative they truly are.

The contestants are rewriting the narrative of what it means to be a STEM genius in Africa. As the weeks roll on, the stakes climb higher, and the excitement intensifies, offering us a front-row seat to watch these future trailblazers leave their mark.

The 18 semi-finalists who have emerged thus far from the intense competition include Ayomiposi Igbaroola of Greater Tomorrow International College, Ondo State; Nifesimi Itamuseye from Fountain International High School, Ekiti State; Divine Hosea representing Peace College, Iju, Lagos; Elvis Ekwelem of Graceland International School, Rivers State; Chidera Ejidike from St. Gregory College, Ikoyi, Lagos; Damilare Fakorede and King David Odey, both from Greater Tomorrow International College, Ondo State; David Babalola of Brainfield College, Salolo, Lagos; Chinaza Ejeahalaka from Marist International Secondary School, Owerri, Imo State; Samuel Ayano of Apt Scholars Universal College, Ogun State; Chimfumnanya Aghaduno from Penny International College, Lagos State; and Chimamanda Agbanusi from Rainbow College, Ogun State.

Also making the cut are Nwachukwu Ebubechukwu from Marist Brothers’ Juniorate B, Abia State; ThankGod Onyekachi Madu from His Grace High School, Enugu State; Ndudu Ekong Henry from Pegasus High School Eket., Akwa Ibom State; Denyefa Omare from St. Gregory’s College, Ikoyi, Lagos State; Jane Onwuli from Graceland International School, Rivers State and Emmanuel Olabiyi from Apt Scholars Universal College, Ogun State.

The competition heats up as the semi-finalists gear up for the next stage, battling fiercely for a coveted spot in the top 9. With the stakes higher than ever, they inch closer to the ultimate prizes, hoping to claim the glory and the grand rewards.

Here’s what’s in store for this year’s top contenders:

    1st Place: N15 million tertiary scholarship (spread over five years), a laptop, and a monthly stipend.

    2nd Place: N10 million scholarship (spread over three years) and a laptop.

    3rd Place: N5 million scholarship (for one year) and a laptop.

    4th to 9th Places: Impressive cash rewards for their remarkable efforts along with laptops.

    Top 18 Semi-Finalists: Cash prizes awarded to recognise their achievements.

    Top 27 Contributing Teachers: Cash rewards to honour their dedication and impact.

Through InterswitchSPAK, Interswitch has inspired approximately 100,000 students to pursue STEM careers, awarded millions in scholarships, and nurtured a vibrant community of young innovators and change makers.

With six episodes aired so far this season, the drama is far from over. The semi-finalists have shown exceptional promise, but only one will emerge as the champion, claiming the grand prize and the glory of being Africa’s next STEM prodigy.

As the competition heats up, don’t miss any of the thrilling moments. Tune in to catch all the action every Sunday at 5:30 p.m. on AIT Network and 6:00 p.m. on DSTV Africa Magic Family Channel 154, with repeat broadcasts on Wednesdays at 1:00 p.m. on the same channel.

Stay tuned for more thrilling episodes of InterswitchSPAK 6.0 and bask in the brilliance and intrigue as the journey to finding Africa’s next STEM champion continues!

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Education

Dangote Cement Gives Back to Lagos Schools

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Dangote Cement Lagos Schools

By Modupe Gbadeyanka

Multi-million Naira educational support projects have been donated by Dangote Cement Plc to secondary schools in Lagos as part of its social investment initiatives aimed at complementing the government’s efforts in providing quality and sustainable education in the state.

The projects, warmly received by both teachers and students, include 100 dual school desks for Ilado Community Junior High School and Wahab Folawiyo Senior High School, alongside a refurbished and fully equipped chemistry laboratory at Government Senior Secondary School, Ikoyi.

Also donated were reading tables, chairs, and bookshelves for the library at Government Junior Secondary School, Ikoyi.

The leading cement manufacturer noted that the projects align with its Sustainable Development Goals (SDGs) on education focused on ensuring inclusive, equitable, and quality education, as well as promoting lifelong learning opportunities for all.

According to the Managing Director of Dangote Cement, Mr Arvind Pathak, the company is dedicated to giving back to society and supporting the sustainable development of local communities, especially in areas where it operates.

“Education holds a pivotal role in the development and empowerment of the youths in the country. As a cornerstone for societal advancement, it serves as a critical tool for personal growth, economic development, and national progress.

“An educated youth population not only fosters individual success but also contributes significantly to the nation’s overall well-being.

“At Dangote Cement, we believe that providing quality education to our youth is vital and should not be left solely as the government’s responsibility. Thus, we aim to partner with the government to enhance educational development in this regard.

“The projects we are handing over today are part of our 2024 Corporate Social Responsibility (CSR) programme for selected schools within the neighbourhood of Dangote Cement’s head office in Ikoyi, Lagos. These projects were selected based on need assessments in collaboration with the schools,” Mr Pathak, represented by the Head of Social Performance at Dangote Cement, Mr Wakeel Olayiwola, stated.

Speaking further, he said, “This year, our plants in Ibese, Ogun State; Obajana, Kogi State; Gboko, Benue State; Okpella, Edo State; and our Pan-African operations have launched several social investment projects. These efforts contribute to the quality of life in our host communities and support sustainable national development.”

Mr Pathak thanked the Lagos State Government, the Tutor General/Permanent Secretary, and the school management teams for their collaboration in identifying the schools’ needs and ensuring the timely completion of the projects.

Responding, the Tutor General and Permanent Secretary of Education District 3, Lagos State Ministry of Education, Ms Idowu Olufunke Oyetola, who was represented by the Director of School Administration, Mr Bolaji Rotimi Ajayi, praised the long-standing partnership with Dangote Cement, noting that the schools selected for the donations were fortunate beneficiaries.

The Principal of Ilado Community Junior High School, Ikoyi, Mrs Odunlami Olubunmi, thanked Dangote Cement for the new desks, stating that the donation would significantly improve the learning environment for the students, helping to prepare them for a brighter future.

Also, the Principal of the school with the refurbished laboratory, Bamidele Ayotunde, urged other businesses to follow Dangote Cement’s example in supporting local schools, pointing out the positive impact of the laboratory’s renovation on the school’s learning environment.

Further, the Principal of Ireti Senior Grammar School, Ikoyi, whose school received the new desktop computers, described the donation as a positive development and expressed hope for more support in the future.

Pupils also shared their appreciation for their contributions. Abiola Jamaudeen, a lab prefect at Government Senior College, Ikoyi, promised that the laboratory would be used to its fullest potential and well-maintained.

Lawal Rumayzo Abdulsalam, a student at the school, said the new library equipment would foster better reading habits and create a more conducive environment for learning, ultimately preparing them for success. Some students even performed special songs to welcome the Dangote team to their schools.

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