Education
Stanbic IBTC Creates School Fees Payment Products for Parents
By Dipo Olowookere
As children prepare and get excited to resume of the 2019/2020 academic session this month, some parents are running helter skelter looking for how they can pay school fees.
But Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings Plc, has come to the rescue with the introduction of a suite of educational payment products that will ease the burden of school fees which parents and guardians have to bear.
Stanbic IBTC Bank Plc, being a Nigerian bank, specifically developed the educational products, taking cognisance of the country’s cultural nuances.
The first of the solutions is the EZ cash loan/advance. Parents and wards, who are strapped for cash at the point when school fees payment are due, can take advantage of the EZ cash loan which gives access to loans, in less than a minute, to pre-approved customers.
Salaried employees can also take advantage of Salary Advance (SALAD), another of the bank’s short-term loans that are quick and easy to get.
Another of Stanbic IBTC Bank Plc’s educational products is an international money transfer solution for payment of school fees and allowances abroad.
Added to that are prepaid cards which can be preloaded with pocket money for children/wards, while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees.
According to the CEO of Stanbic IBTC Bank, Dr. Demola Sogunle, the bank attaches a high premium to learning, hence the need to develop solutions which parents and guardians can take advantage of to ensure that their wards get the desired level of education.
“We are a Nigerian bank and we realise that whilst parents and guardians may have desired levels of education for their children, funding may be a deterrent in the pursuit of these dreams.
“We have hence developed these products which will ease the burden of school fees payment while also providing satisfaction to the parents and guardians that their wards are getting good education,” he said.
Mr Sogunle identified a deep understanding of Nigeria and developing tailor-made solutions as factors that distinguishes Stanbic IBTC Bank as a leading Nigerian financial institution.
He added that the bank’s loan products offer fast, simple and convenient ways by which customers can meet their short-term financial obligations to educate their wards, with very convenient repayment terms.
Other benefits of the school fees loans are: access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100 percent of the customer’s income. With schools resuming for a new term, the school fees loans will help to alleviate the financial burden parents and guardians may face in paying school fees.
The Stanbic IBTC Bank chief explained that the conditions for accessing the loan products were having a salary account with the bank; or having investments with any of the Stanbic IBTC group subsidiaries.
Loan applicants can walk into any branch of the bank and apply for any of the education loans in a few easy steps. The application is then processed and the customer is contacted with feedback.
Stanbic IBTC Holdings is a Nigerian financial institution with eight subsidiaries and an estimated staff strength of 5,000 Nigerians.
Furthermore, 80 percent of the Stanbic IBTC board members are Nigerian.
Education
Stanbic IBTC Renovates Classrooms at Waziri Primary School
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.”
Education
InterswitchSPAK 6.0: The Race to Discover Nigeria’s Next STEM Champion
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!
Education
Dangote Cement Gives Back to 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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