Stanbic IBTC Reaffirms Support for Quality Education in Nigeria

Image

By Ahmed Rahma

Stanbic IBTC Holdings Plc has said it will continue to support the development of education in Nigeria by promoting effective learning.

Speaking on the relevance of 2021 International Day of Education themed Recover and Revitalise Education for the COVID-19 Generation, the CEO of the financial institution, Mr Wole Adeniyi, stated that, “Our organisation is keen on positively impacting the education sector to drive national development.”

According to Mr Adeniyi, even in the heat of the COVID-19 pandemic, when many students struggled to keep up with learning as a result of the nationwide lockdown, the bank embarked on several initiatives aimed at improving education for the Nigerian children.

Stating some of the giant strides taken by Stanbic IBTC to promote effective learning amid COVID-19 disruptions, Mr Adeniyi said the company engaged students in financial literacy knowledge through its New School Money initiative.

Through the scheme, some certified professionals in the organisation educated pre-teens and teenagers on how to develop a savings and investment culture through virtual sessions.

These experts shed more light on how to distinguish between wants and needs, assets and liabilities, and the importance of making the right financial decisions. These were effectively communicated using simple, relatable videos and illustrations, Mr Adeniyi said, noting that Stanbic IBTC “leverages technological innovations to facilitate the provision of quality education in Nigeria.”

“Through our CSI initiative, we prioritise the refurbishment of dilapidated schools to create a more conducive environment for our children to learn. We support teachers with better welfare and provide e-libraries, books, computers and other digital tools to aid effective learning for students,” he added.

“The celebration of the International Day of Education is an opportunity to reiterate our commitment to the growth of education in Nigeria.

“At Stanbic IBTC, we understand the importance of education in shaping the future of the nation, and we are committed to providing opportunities that guarantee access to quality education for every Nigerian child,” Mr Adeniyi concluded.

International Day of Education is an annual international observance day held on January 24 dedicated to education. On December 3, 2018, the United Nations General Assembly adopted a resolution proclaiming January 24 as International Day of Education, in celebration of the role of education for bringing global peace and sustainable development.

Share
Related Stories
Image
23-February-2024

Eva Adelaja Girls’ At 60: Old Students Donate to Orphanage, Thrill Students

By Adedapo Adesanya It has been an eventful celebration at the ongoing 6oth Anniversary of Eva Adelaja Girls’ Secondary Grammar School, Bariga, Lagos. The event was planned to celebrate the institution established by the late educator, Mrs Evangeline Adebayo Adelaja, in 1964. Particular resplendent in this celebration are the alumni of the school, the Eva Adelaja Girls’ Secondary Grammar School Old Girls’ Association, which have been on the ground to ensure that the planned activities go smoothly. The event, which kicked off with the Praise Day and Community Hymn Singing held at Chapel of Christ the Light in Alausa, Ikeja,

Image
14-February-2024

WAEC Releases 2023 WASSCE Results for Private Candidates

By Modupe Gbadeyanka The 2023 West African Senior School Certificate Examination (WASSCE) results for private candidates have been released by the West African Examinations Council (WAEC). A statement signed on Tuesday by the acting Head of Public Affairs for WAEC Nigeria, Ms Moyosola Adesina, for the Head of the National Office disclosed that out of the 80,904 candidates that sat for the exercise, 78,419 candidates, representing 96.93 per cent have their results fully processed and released. The statement further disclosed that the results of about 2,485 candidates, representing 3.07 per cent, have a few of their subjects still being processed

Image
21-February-2024

VFD Group Donates Books to Comenius Nursery and Primary School

By Modupe Gbadeyanka About 1,000 copies of Mama’s Sleeping Scarf by renowned Nigerian writer, Ms Chimamanda Ngozi Adichie, have been donated to the pupils of Comenius Nursery and Primary School in the Ikola area of Lagos State. The educational items were given to the elementary school by a leading proprietary investment company, VFD Group Plc, as part of its Corporate Social Responsibility (CSR) initiative. The firm, which is committed to fostering growth across diverse industries in Africa, said the books were donated to promote reading culture among children and inspire young minds to explore limitless possibilities. Mama’s Sleeping Scarf is

More Stories
Image
06-May-2019

Sultan Orders Commencement of Ramadan Today

By Modupe Gbadeyanka Muslims in Nigeria have been directed to begin the yearly religious rite of Ramadan from Monday, May 6, 2019. This directive was given in a broadcast on Sunday by the Sultan of Sokoto, Sa’ad Abubakar III, following the sighting of the new crescent in Sokoto yesterday. Ramadan is the ninth month of the Islamic calendar in which Muslims observe one-month fast. It is one of the five pillars of Islam and is a compulsory religious obligation on all adult Muslims. The northern monarch, as the president-general of the Nigerian National Supreme Council for Islamic Affairs (NSCIA), is

Image
05-October-2021

Airtel Money, Flutterwave to Explore East African Markets

By Adedapo Adesanya Airtel Money has announced a partnership with an African payments company, Flutterwave, to expand the former’s services to East African markets. Through the partnership, businesses integrating Flutterwave in Uganda, Tanzania, Zambia, Malawi, Kenya and Rwanda will be able to receive payments from Airtel Money customers and make bulk payments into Airtel Money wallets, thanks to Airtel Money’s proprietary fintech platforms. The new services will go live subject to regulatory approvals in the respective countries and reach Airtel Money’s 19.2 million customers in East Africa. This is coming after a month after the fintech company announced a mobile

Image
26-May-2019

Kwara Governor Simplifies Collection of Land Titles

By Dipo Olowookere Governor Abdulfatah Ahmed of Kwara State has expressed optimism that the newly commissioned land administration secretariat will change the state’s financial fortune if properly managed. The Governor, who dropped the hint in Ilorin when he commissioned the secretariat, said his government initiated the land administration process to enable government exploit opportunities inherent in land management. Mr Ahmed, who expressed satisfaction over the completion of the project, explained that the land administration of the government was to remove bottlenecks surrounding collection of land titles. Also speaking at the commissioning of the KWASU’s Post Graduate School of Governance and

Image
28-July-2019

Milk Importation: We Won’t Succumb to Blackmail—CBN

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has revealed that importation of milk into the country was not banned, contrary to reports in circulation. It had been reported that the apex bank banned the importation of milk and other dairy products. But in an official press release published on its website late Friday, the CBN disclosed that there are ongoing blackmail and undue politicization through social media to frustrate the effort of the bank. Earlier in the week, the CBN Governor, Mr Godwin Emefiele, told operators in the industry that milk and some other dairy products would be

Image
17-March-2023

REA, RMI Launch Initiative to Unlock Productivity in Nigeria’s Agric Sector

By Adedapo Adesanya The Nigerian Rural Electrification Agency (REA) and RMI, an independent nonprofit organisation focused on transforming the global energy system, have launched the Energizing Agriculture Programme (EAP), which aims to boost the country’s GDP, accelerate renewable energy drive, and unlock productivity in the agriculture sector. The EAP is a three-year initiative with the Global Energy Alliance for People and Planet (GEAPP), with funding from The Rockefeller Foundation, that aims to stimulate the use of mini-grid electricity in productive agricultural uses by focusing on enabling market-led solutions and breaking the silos separating electrification and agricultural development. Over the next

Image
17-July-2023

Lawmakers Must Not Spend N110bn on Cars, Palliatives—SERAP

By Adedapo Adesanya Socio-Economic Rights and Accountability Project (SERAP) has advised the Senate President, Mr Godswill Akpabio, and Speaker of the House of Representatives, Mr Tajudeen Abbas, to halt plans to spend N40 billion on 465 exotic and bulletproof cars for members and principal officials and N70 billion as palliatives for new members. In the letter dated July 15, 2023, signed by SERAP deputy director, Mr Kolawole Oluwadare, the organisation said, “This travesty and apparent conflicts of interest and self-dealing by members of the National Assembly must stop.” SERAP also urged them to “repeal the 2022 Supplementary Appropriation Act to

Image
23-May-2018

UBA Begins ‘Refer-a-Friend’ Campaign to Reward Customers

By Modupe Gbadeyanka A new campaign designed to reward customers of United Bank for Africa (UBA) Plc who refer their diaspora friends/relatives to open a UBA account has been introduced by the lender. A statement issued by the pan-African financial services institution disclosed that this campaign will last for three months with the referrer getting N5,000 for every successfully opened new and funded account. For instance, new and existing customers who refer friends and relatives in the Diaspora to open new UBA accounts will be eligible to grab the reward for as many times as the number of people they

Image
06-March-2017

Buhari Calls OBJ from London

By Modupe Gbadeyanka Former President Olusegun Obasanjo has joined the list of prominent personalities that have had the rare opportunity to speak with President Muhammadu Buhari, who is in London on vacation. A statement issued on Sunday by Mr Buhari’s spokesman, Mr Femi Adesina, disclosed that the President called the former Nigerian leader to felicitate with him on his 80th birthday. Mr Adesina noted that his boss, in a phone call from London, where he is recuperating, described the former president as “a true citizen of the world.” According to the statement, President Buhari told the former military ruler (1976

Ad
Ad
Recent Stories
Image
04-March-2024

UK Announces £37.3m to Boost Livelihoods in Nigeria, Others

By Adedapo Adesanya The United Kingdom has announced new funding for the Mobile for Development Programme to help more people access mobile and digital technologies to find new opportunities and boost their livelihoods in Nigeria and other developing countries. UK’s Minister for Development and Africa, Mr Andrew Mitchell MP, during a speech at Mobile World Congress last week, announced that the UK is providing £37.3 million of new support for the Mobile for Development Programme. The new UK funding for innovative mobile phone technology will help change lives in developing countries around the world by harnessing AI technology to provide

Image
04-March-2024

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking

Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
04-March-2024

NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and

Image
04-March-2024

Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Tuesday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in

Image
04-March-2024

Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists

Image
04-March-2024

Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same

Image
04-March-2024

AfDb Injects $134m Into Rice, Maize, Cassava, Soybean Production in Nigeria

By Adedapo Adesanya The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soybean to boost food production with the provision of $134 million to achieve this. The president of the multilateral lender, Mr Akinwunmi Adesina, said on Saturday after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano, that the bank would support Nigeria to cultivate 300,000 hectares each of rice and maize, 150,000 hectares of cassava and 50,000 hectares of soybeans during the 2024 planting season. The CDA is a World Bank-supported centre established to serve as a regional training

Image
04-March-2024

Salesforce Unveils Conversational AI Assistant Einstein Copilot

By Modupe Gbadeyanka A new customisable, conversational, and generative AI assistant for CRM, Einstein Copilot, has been launched by Salesforce. The system was unveiled at the Mobile World Congress in Barcelona, Spain, and it will use adequate company data to generate useful responses. The Einstein Copilot enables Salesforce customers to generate responses using their private and trusted data, while maintaining strict data governance and without requiring expensive AI model training. As a result, Einstein Copilot can answer questions, summarise content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single, consistent