Connect with us

EDUCATION

Sterling Bank launches tech-based solutions for stakeholders in the Nigerian education sector

Published

on

Sterling Bank’s logo


Sterling Bank has recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The solution aims to improve current learning outcomes and business growth for students, parents, and providers of educational services.


Mr. Damian Umeasala, General Manager of Edubanc, stated at the launch in Lagos over the weekend, “Education has always been the cornerstone of progress, development, and growth in any economy in the world today. However, financial constraints often hinder the dreams and potential of countless individuals. At Edubanc, we firmly believe everyone should have equal access to quality education, regardless of their financial status “This is why we have created a solution that aims to remove the financial barriers that prevent individuals from realizing their educational goals.”
He described Edubanc as a robust platform that provides students, parents, and educational institutions, a seamless route to secure funding, pay tuition, and access other value-added services.
According to him, products on the platform offer bespoke loan options with flexible repayment plans at competitive interest rates to ensure education remains within everyone’s reach.
“We understand the unique challenges students and families face in today’s dynamic world. This is why Edubanc goes above and beyond traditional financing models by incorporating advanced technologies in the development of products such as Edpay, School Management System, free teachers training, and online tuition collection services,” Umeasala explained.
He revealed that through these cutting-edge offerings, the platform has helped over 3,000 children remain in school, relieved the financial burden of 1,200 parents, granted free training to over 350 teachers, and introduced operational efficiency to about 1,000 schools.
He added that the offerings have also helped parents and students make informed decisions about their educational investment.
“We are committed to partnering with leading educational institutions to provide a holistic solution that addresses the financial aspects and fosters a supportive and nurturing learning environment.
Our collaboration with schools, tech educational institutions, and vocational institutes ensures that Edubanc aligns with their educational goals and values,” Umeasala said.

He said that as Edubanc embarks on a journey to empower countless individuals to pursue their dreams and unlock their true potential, they envision a future where education knows no financial boundaries and every dreamer can aspire and achieve.
Chief Yomi Otubela, National President of the National Association of Proprietors of Private Schools (NAPPS), also spoke, citing gender disparities, insufficient access to education, insecurity, and poor infrastructural facilities as some of the educational sector’s challenges.
He expressed the need to invest in the education system because “when we invest in it, we are investing in our future.”


Otubela said there is also a need to reform the educational curriculum to make it dynamic, relevant, and in line with global standards, adding that there is a need to emphasize critical thinking, problem-solving skills, creativity, as well as honesty, hard work, selflessness, and service to humanity.


Mrs. Njideka Nwabueze, Sterling Bank’s Head of Education Finance, moderated a panel discussion on “The current state of Education in Nigeria, Future prospects and what we need to do differently”. A few notable mentions were Rachel Onoja, Head of Operations at AltSchool, Francis Ogunlaja, Financial Controller at Decagon, Henry Nnalue, CEO at Allpro Technologies, and many others.

EDUCATION

Alleged Plan To Abolish TETFund, NOTSUP Appeal

Published

on

By

The Non-Teaching Staff Union of Polytechnics (NOTSUP) has appealed to Federal Government not to systematically phase out TETFund which derives its funding from consolidated revenue from company income tax.

The union National President , Comrade Shaba Nakorji, who made the appeal during an interaction with our correspondent at NOTSUP Secretariat said almost 90% of the physical structures around all Federal and State government owned Polytechnics, Universities and Colleges of Education are products of TETFUND.

Nakorji said rather than to use Tetfund money to fund the Nigeria Education Loan Fund (NELFUND), the Federal Government should take 1% or 2% of VAT to fund NELFUND.

NELFUND recently introduced to disburse student loans is a good initiative, but cannot be a replacement for TETFund, he said.

The NOTSUP President said any plan to phase out the Tertiary Education Trust Fund (TETFund) is harmful to Nigeria tertiary education system and i appeal to the Federal Government to allow the Tetfund to stay and give more allocation to education budget.

Continue Reading

EDUCATION

Yabatech Governing Council Appoints New Registrar And Bursar

Published

on

By

The Governing Council at its meeting of 10th December 2024, approved the appointment of Mrs. Henrietta Badejo as Registrar and Dr. John Olusola Dada as Bursar. Their appointments take effect from January 2, 2025.Mrs. Henrietta Badejo joined the College’s service in 2001 as an Administrative Officer I and steadily rose through the ranks to become Deputy Registrar in 2017. Until her recent appointment, she served as Deputy Registrar, (Rectory), where she demonstrated exceptional administrative competence and dedication.A distinguished professional, Mrs. Badejo is a Fellow of the Chartered Institute of Personnel Management (CIPM) and a full member of the Nigerian Institute of Management (NIM). Her academic qualifications include:• Diploma in Computer Science• Master of Science in Geography• Bachelor of Science in Education and Geography•Nigerian Certificate in Education (Biology/Geography)Dr. John Olusola Dada brings over three decades of experience spanning the polytechnic, university, and private sectors. He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate Member of both the Chartered Institute of Taxation of Nigeria (ACTI) and the Chartered Institute of Management Accountants of Nigeria (ACIMA).Dr. Dada holds the following academic qualifications:•Postgraduate Diploma in Financial Management, University of Ado-Ekiti•BSc in Accounting, Babcock University•HND in Accountancy, Federal Polytechnic Ado-EkitiDr Dada was Instrumental in securing major grants for YABATECH, including: • $200,000 Ford Foundation Grant for establishing an art museum and producing a sexual harassment policy. • $1,000,000 FCDO/UNICEF GESP grant for training 5,750 girls in TVET-related skills.Prior to his appointment, he served as Chief Accountant, Busary Unit and Head of Department, Final Accounts alongide TETFund Desk Officer. The entire YABATECH community congratulates them and wishes them success as they take on their new roles.

Continue Reading

EDUCATION

KWSG cautions against political branding of public school materials

Published

on

By

Kwara State Government has again frowned at a culture of people branding materials to be donated to public school children with subtle or obvious political messages and indoctrination. “This practice, which includes emblazoning the picture of the donor on such books or school materials, should stop,” according to a statement by the Commissioner for Education and Human Capital Development Hajia Sa’adatu Moddibo Kawu.“While every support for public school is welcome and appreciated, the government has a standing policy that such materials do not come with political branding of any kind. “It is on record that education materials that the state government donated to school children between 2019 and now usually do not come with the picture of His Excellency the Governor, who feels such practices are not healthy for young children. “Public officials and private individuals should kindly take note of this. Again, the government thanks everyone who gives any form of support for public education.”

Continue Reading

Trending

Mega Awareness 2023