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Standard Chartered, Educare Design Unique Educational Solution

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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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Education

Entries for Ecobank National Essay Competition Close Saturday

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essay competition

By Dipo Olowookere

The national essay competition organised by Ecobank Nigeria Limited to commemorate Children’s Banking Month is gradually gaining momentum, especially as the window for the submission of entries draws closer.

According to the financial institution, all entries are expected to be filed to AllENG-ConsumerProductsTeams@ecobank.com, with the contact details of the parent/guardian on or before Saturday, May 21, 2022, at 12 noon.

Results would be sent on all entries by Wednesday, May 25 at 12 noon and winners will be celebrated and given their gifts on May 28, 2022, as part of activities to mark the International Children’s Day.

The contest is for children between the ages of 13 and 16 and the topic is What will you consider as the future of banking. Participants are required to write the essay in 400 words, in font size 12 with one and a half line spacing. Winners would be given laptops, educational tabs, and several consolation prizes.

The Head of Consumer Banking at Ecobank Nigeria, Mrs Korede Demola-Adeniyi, in a statement made available to Business Post, explained that the bank initiated the competition to expose children to financial education early in life, adding that it is also part of the lender’s commitment towards the Nigerian child.

According to her, “the month of May is set aside by the bank to celebrate childhood and how our children enrich our lives. We acknowledge the importance of our customers, young and old, to Ecobank’s ongoing success story. The bank, whose vision is to build a world-class pan-African bank and contribute to the economic development and financial integration of Africa, sees educational development as a fulcrum for positive integration.”

Mrs Demola-Adeniyi called on school proprietors, administrators, parents, and guardians to encourage their students, children, and wards to participate actively in the essay competition, stressing that beyond the prizes, the competition is also part of the process to push the frontiers of academic excellence among the young ones in society.

She stated that Ecobank has a MyFirst Account which caters for children and young ones, noting that, “This is our savings account specifically designed for children and teenagers aged between 0-16 years old.”

“If you are a parent, the account allows you to save money in your child’s name, which they can redeem when they are older. It is the perfect way to save for their education or kickstart a fund for future projects. It gives your child the best start in life,” she added.

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Education

Stanbic IBTC Funds University Education of 100 Students

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Increase Funding to Education

By Modupe Gbadeyanka

A total of 100 students will receive funding support for their university education in Nigeria from Stanbic IBTC Holdings Plc, a member of Standard Bank Group.

Each of the undergraduates in 33 universities across the 36 states of the federation and the FCT, will receive scholarships valued at N400,000, which would be disbursed in tranches of N100,000 across four academic years.

The beneficiaries were chosen through the scholarship scheme of the financial institution designed to provide financial aid needed to fulfil their educational needs and pursue their dreams.

The 100 Nigerian youths selected this year excelled in the University Tertiary Matriculation Examination (UTME) organised by the Joint Admissions and Matriculation Board (JAMB).

Asides from the first tranche of disbursement, subsequent disbursements would be subject to beneficiaries maintaining their enrolment in their respective universities and degree programs they were admitted into, adhering to the academic and administrative policies of the university, and the provision of a letter of good conduct issued by their respective departments.

Also, beneficiaries would be required to maintain a Cumulative Grade Point Average (CGPA) of at least a second class upper range, amongst other requirements.

Commenting on the initiative, the chief executive officer of Stanbic IBTC Holdings, Mr Demola Sogunle, stated that it was borne out of the need to empower hardworking and diligent young Nigerian undergraduates, who aspired to pursue their tertiary education in any state or federal university in Nigeria.

“We believe that everyone deserves a chance to access quality education and we believe in rewarding students who have shown remarkable academic excellence.

“This initiative will go a long way in easing the financial burdens of these undergraduates who participated in the UTME and gained admission into various Nigerian state and federal universities for the 2021-2022 academic session.

“We are pleased to announce the 100 winners of this year’s scholarship scheme for undergraduates in 33 universities across the 36 states and the FCT. We wish them great success in their academic journey.”

Mr Sogunle further added that education remains one of the keys to facilitating a nation’s prosperity, hence the introduction of the scholarship initiative.

Stanbic IBTC remains committed to driving value-added initiatives like the university scholarship programme to contribute to the educational development of the Nigerian youth.

The scheme, which commenced in 2019, now has had almost 200 recipients. The beneficiaries were chosen across the six geo-political zones in Nigeria through fair screening processes.

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Education

Consider Plight of Students and Suspend Strike—Buhari Begs ASUU

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plight of students ASUU

By Modupe Gbadeyanka

The Academic Staff Union of Universities (ASUU) has been urged to consider the plight of students and suspend the ongoing strike.

Speaking at the 19th National Productivity Day in Abuja on Thursday, President Muhammadu Buhari said efforts are being made to resolve the lingering issues between the union and the federal government.

ASUU had earlier embarked upon a two-month warning to force the government to honour the agreement signed in 2009 but after nothing was done, it extended the industrial action for another three months.

At the conferment of the National Productivity Order of Merit Award (NPOM) on 48 eminent Nigerians and organisations in both the public and private sectors, for their high productivity, hard work and excellence, President Buhari disclosed that his administration recognises that the future of any nation is contingent on the standard of its educational system, promising to uplift the standard of the educational system in the country.

According to him, he earlier directed his Chief of Staff, the Ministers of Labour and Employment, Education, Finance, Budget and National Planning to immediately bring all parties to the negotiation table to again critically look at the grey areas in the demands of ASUU.

Mr Buhari expressed optimism that all the issues would be resolved, appealing to the lecturers to exercise patience. He also urged students in Nigeria’s public tertiary institutions to give the government time to address the nagging issues in the nation’s university system within the ambit of the resources available.

While speaking on the theme of this year’s celebration, Achieving Higher Productivity through Improved Education System, the President disclosed that efforts would be made to “transform Nigeria into a competitive, strong, vibrant, productive and sustainable economy.”

“Quality educational system is good not just for the national economy; it is also good for the citizens,” he disclosed, emphasising that, “Ignoring the productivity dimension of education would endanger the prosperity of future generations, with widespread repercussions for poverty and social exclusion.”

According to him, “It will be difficult to improve our economic performance and overall productivity, without improving our educational system.”

He stated that the administration was aware of “the emergency situation in our educational system with particular reference to the dearth of qualified and dedicated teachers to enhance the quality of teaching and learning at all levels of our educational system.”

Some of the awardees were the late Dr Stella Adadevoh and Mr Babatunde Lawal.

Other were recipients the National Chairman of the All Progressives Congress (APC), Mr Abdullahi Adamu; the Secretary to the Government of the Federation, Mr Boss Mustapha; immediate past Director-General of the Nigeria Centre for Disease Control (NCDC), Dr Chike Ihekweazu; Lagos State Commissioner for Health, Prof Akin Abayomi; Chairman and Founder, BUA Group, Mr Abdusamad Rabiu; Chairman of Globacom, Mr Mike Adenuga Jnr; Professor Stanley Okolo, Director General of the West African Health Organization (WAHO) and Allen Onyema, Chairman/Chief Executive Officer of Air Peace, among others.

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