NSE Builds School for Borno IDPs

By Modupe Gbadeyanka

A school constructed by the Nigerian Stock Exchange (NSE) has been donated to the Borno State government as part of the local bourse’s Corporate Social Responsibility (CSR) programme.

The educational facility, which comprises two blocks of nine classrooms that will accommodate 330 students and an administrative block, housing the staff room, sick bay, security room and restrooms, is to help Internally Displaced Persons (IDPs) in the state.

The school, Maisandari Alamderi Model Nursery and Primary School, is located in the Abuja Talakawa District of Maiduguri.

It would be managed by Bridge International Academies, a renowned global educational firm that specializes in providing robust technology driven education system to low income households in developing economies.

Other partners for the school intervention programme are Central Securities Clearing System (CSCS) Plc, Oando Foundation, AXAMansard Insurance Plc and MTN Foundation.

According to a statement issued by the NSE, it undertook this project in support of the recovery effort articulated in the Recovery and Peace Building Assessment (RPBA) Report for North-East Nigeria, by the Federal Government of Nigeria, North-East State Government, the European Union (EU), the United Nations (UN) and the World Bank (WB) which highlights education as one of the strategic areas requiring urgent attention.

Speaking at the commissioning ceremony held today in Maiduguri, Borno State, the chief executive of the NSE, Mr Oscar Onyema, noted that the exchange was committed to providing quality education and improving the financial literacy of the communities it serves.

He said, “Education is one of the key foundational elements to building a peaceful and sustainable society. The donation of the Maisandari Alamderi Model Nursery and Primary School aligns with commitment to providing an inclusive, safe and positive teaching and learning environment, and we are pleased that this gift will support the educational system in the state to mould the next generation of leaders.”

Governor of Borno State, Mr Kashim Shettima, commended the Nigerian stock market regulator for complementing government efforts in the delivery of robust and quality education in the state.

“It is very heart-warming to have NSE make such a significant contribution of providing physical infrastructure and human resources for the newly built school we are commissioning today.  With this gesture, The Exchange is addressing the challenge of providing a conducive learning environment which forms the bedrock of qualitative education. We are indeed grateful and we hope that this partnership continues for the long term,” said he.

The Nigerian Stock Exchange leverages its unique position as one of the leading Exchanges in Africa, to promote sustainability along the four key impact areas of Marketplace, its platform for promoting market-based approach to Environmental, Social and Governance (ESG) imperatives; Community, where it makes contributions to positively impact lives; Workplace, through which it facilitates diversity, wellbeing and harnesses the talent and skills of its people; and the Environment as it focuses on reducing the Exchange’s environmental impact.

The donation of Maisandari Alamderi Model Nursery and Primary School, will support the actualization of the United Nations Sustainable Development Goal (SDG) 4 which seeks to achieve inclusive and equitable quality education for all by 2030. The Exchange had in 2016 launched its Adopt-A-School programme with the donation of a Learning and Development Centre to Oke-Odo Junior High School in Ikeja, Lagos State. ​​

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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