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Standard Chartered, Educare Design Unique Educational Solution



Standard Chartered Bank SC EduEdge

By Modupe Gbadeyanka

A unique educational solution called SC EduEdge has been developed by Standard Chartered Bank Nigeria Limited and Educare Technology Solutions Limited.

This was made possible by the strategic collaboration between both organisations, who are determined to ensure that education in Nigeria is top-notch.

The initiative was designed by the Business Banking segment of the lender’s retail banking arm with a team of seasoned professionals dedicated to providing relevant banking solutions to meet the business needs of existing and prospective clients.

The 3-years alliance with Educare, an industry leader in school administration software, positions the bank as an industry leader connecting with a wider network of prospects as it offers a compelling value proposition to educational institutions (primary and secondary) in strategic locations across the country including Lagos, Abuja and Port Harcourt.

Speaking at the signing ceremony, Ben Dike, Business Banking said, “We are very excited about this new partnership and the potential benefits it brings to the children of our existing and prospective clients and also to all stakeholders in the educational ecosystem including schools, employees, parents and guardians.

“This is a 360-degree proposition that provides tangible value to the educational sector, a sector that is crucial in the development of the country’s future leaders.

“For us at the bank, this ties in closely with our priority to be the best financial advisers to our clients; it reiterates our commitment to developing countries where we have footprint and serves as one of the many ways we are here for good.”

Some of the current unique offerings to clients under SC EduEdge include a dedicated school account with fee waivers (zero account maintenance and local transfers fees); an opportunity for students to participate in the 2020 Liverpool Football Club (LFC) Youth Cup tournament, with the winning school team traveling to Anfield, United Kingdom to watch a live LFC match (all-expense paid); participation in the Bank’s newly developed SCB Reward for A’s programme (credit of $1 for every A scored by each student, with funds kept in a dedicated account for the pupils/students) and the bank’s annual reward for A’s Scholarship ($1,000 education grant through a draw for students with a minimum of 7 A’s for the session – eligible for SSS 3) open to children of accountholders with the bank.

CEO of Educare, Alex Onyia, added that, “As the best school management system in Nigeria, and a specialist in edutech industry, we are delighted to partner with Standard Chartered Bank (SCB) who have a complimentary/International specialist practice in Banking and are also committed to supporting education around the globe.

“The outcome for this Strategic Partnership (educare-SCB, edu-edge) will grant our customers/partner schools the ability to have the best and most flexible school management portal to run their schools swiftly at a reduced cost.

“In addition to that, our customers/partner schools will be able to participate in the National Robotics Competition and this year’s Liverpool Inter-school football competition which sees the winner school to an all-expense paid trip to Liverpool, United Kingdom.

“Other benefits of SC Eduedge include access to personal loans, mortgage loans, Salary advance (personal overdraft), Credit Card offering to school owners and employees and also School Fees Loans and Credit Card offerings to parents/ guardians.”

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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Adeniran Praises Makinde for Allocating 18.78% of 2023 Budget to Education



Seyi Makinde

By Modupe Gbadeyanka

The Governor of Oyo State, Mr Seyi Makinde, has been applauded by the Chairman of the Oyo State Universal Basic Education Board (Oyo SUBEB), Mr Nureni Aderemi Adeniran, for allocating more funds to education in the 2023 budget.

Speaking recently on a live programme on the Oyo State Broadcasting Corporation (BCOS) in Ibadan, the state capital, the educationist said this was commendable.

According to him, education has the second largest allocation in the proposed 2023 appropriation bill presented to the Oyo State House of Assembly by Mr Makinde.

He said with a budget of N58.2 billion, the government has recorded an unprecedented affection for education.

Mr Adeniran said Governor Makinde had maintained an unbroken record of allocating huge funds for the overhaul of the sector, especially the basic education sub-sector he supervises.

“Governor Makinde’s record of allocating funds for education conforms to UNESCO standards of 15-20 per cent of the budget. In fact, this time, education is 18.78 per cent of the total budget proposal,” he said.

Speaking further, the Oyo SUBEB chief lauded the current administration for consistently maintaining an 18 per cent to 22 per cent budgetary allocation.

He insisted that this has helped the state in regular payment of the Universal Basic Education Commission (UBEC) counterpart funding and received matching grants, “enabling us to execute numerous projects in the education sector.”

“Oyo State Universal Basic Education Board has so far completed over 56 model schools and constructed and renovated over 700 classroom blocks across Oyo State, among other projects,” he affirmed.

He, therefore, appealed to residents of the state to re-elect Governor Makinde for a second term, saying his efforts to make Oyo better could be further actualised with continuity.

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GOMYCODE Opens New Flagship Hackerspace in Lagos




By Modupe Gbadeyanka

Africa’s leading edtech platform, GOMYCODE Nigeria, has opened a bigger office space in Lagos at 230 Herbert Macaulay, Alagomeji-Yaba.

Comprising 5 floors, the new GOMYCODE hackerspace has a capacity five times larger than the old one, about 600 students compared with the 120 students the previous hackerspace accommodated.

In a statement, the firm disclosed that the new space is remarkable, with unique colours that stand out from the other buildings around it and can accommodate even more students in a more comfortable environment where they can learn.

GOMYCODE is pushing the limits on students’ experience to the next level with 3 floors of classrooms, each dedicated to teaching. The classrooms are equipped with fibre optics and comfortable equipment for the students’ success.

The new hackerspace has a rest and relaxation room for students to balance learning and leisure time or simply to continue working on their projects. There is also ample parking space in a dedicated garage for students that ensures easier accessibility to the facility.

The second floor of the hackerspace will be occupied by the educational advisors who now have even more facilities to welcome, inform, guide and support the current and future students.

Lastly, a large conference room, with enough seating for 200 people, allows guests to gather for talks and conferences, giving the setting an even greater range.

“This move signals our intentions for and deep commitment to the Nigerian market. Whilst we provide training online through what we call our online ‘hackerspace’, we know from research and our own experience that students prefer in-person classes and what we do is to ensure that these classes take place in the best possible spaces”, says Babatunde Olaifa, General Manager, GOMYCODE Nigeria.

The move from a 3-room training space to a 5-storey centre in the heart of Yaba underscores our commitment to providing quality, relevant and affordable digital skills education to anyone in Nigeria looking to future-proof their careers. This is just the beginning. We are expanding rapidly, and in a few months, we will open hackerspaces in multiple locations in Lagos and Abuja”, adds Olaifa.

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Organisations Donate to Wesley School of Hearing Impaired



Wesley School of Hearing Impaired

By Modupe Gbadeyanka

Some educational materials have been donated to Wesley School of Hearing Impaired, Surulere, Lagos, and Whanyinna Nursery and Primary School, Makoko, Lagos.

The items were given by GE Gas Power in collaboration with United Way Greater Nigeria (UWGN) through the Back to School drive to foster student development.

About 150 schoolchildren from the two schools received the learning essentials to encourage reading culture among children from disadvantaged backgrounds.

“This collaboration with GE to enhance the quality of education as well as promote literacy and reading culture among children in beneficiary schools is important in our efforts to improve lives by mobilising the caring power of communities.

“It is also in line with Sustainable Development Goal 4, which seeks to ensure inclusive and equitable quality education and lifelong learning opportunities for all while supporting children in low-income and potentially disadvantaged communities,” the Executive Director of United Way Greater Nigeria, Mrs Deola Durodola, said.

Also speaking, the Communications Director, GE Africa & Diversity Leader, GE Gas Power Europe, Middle East and Africa, Anne Ezeh, said, “GE Gas Power is pleased to collaborate with United Way Greater Nigeria to help students access education, in line with our overall commitment to education and skills development in the communities we live and work in. We recognize that supporting children to access quality education prepares them to become productive citizens in the future.”

Wesley Schools for The Hearing Impaired was founded in 1962 and currently hosts students with hearing impairments and special needs to empower them to achieve their full potential.

Whanyinna Children Foundation is a charity that uses education to combat child labour, illiteracy, malnutrition, crime, and health.

More than 260 children living in slums have been provided with tuition-free elementary education through the organisation.

The principals of both schools expressed their gratitude for the donation as it would ease the financial burden of parents and reduce student absenteeism.

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