A digital platform to assist young Nigerians fund their tertiary education through target savings, scholarships, loans and crowdfunding has been developed by First City Monument Bank (FCMB) in partnership with PressPayNg.
The platform, which is expected to help over 1.5 million young Nigerians in the next three years to actualise their higher education dreams, was unveiled in Lagos.
The digital products, targeted at all levels of tertiary education in Nigeria, seek to increase tertiary education enrolment and retention rate, promote institutional diversification, strengthen the quality and relevance of tertiary education, and offer greater equity mechanisms to assist disadvantaged students.
The Managing Director of FCMB, Mrs Yemisi Edun, described the initiative as key to unlocking uninhibited access to quality education for young Nigerians from all walks of life.
According to her, education is a critical resource for meeting the manpower requirement for national development.
“However, this resource has continued to be limited by the inability of most parents and youths to secure the necessary financial support to enrol in higher institutions and graduate successfully.
“As a responsive and caring institution, we are excited to partner PressPayNig to solve this difficulty by offering existing and prospective students a convenient platform and clear pathway to pursue their dreams in universities, polytechnics, and colleges of education,” she stated.
