FCMB partners PressPayNg for education accessibility

 FCMB partners PressPayNg for education accessibility. The First City Monument Bank has partnered PressPayNg to make education accessible to young Nigerians and thereby reduce the dropout rate.

PressPayNg is a digital platform for young Nigerians to fund their tertiary education fees through target savings, scholarships, loans, and crowdfunding. The platform is expected to help over 1.5m young Nigerians in the next three years to actualize their higher education dreams with less stress.

Speaking at the signing of the Memorandum of Understanding on the project, the Managing Director of FCMB, Mrs. Yemisi Edun, described it as the key that would unlock uninhibited access to quality education for young Nigerians from all walks of life.

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“We are proud to play another vital role in promoting education in Nigeria. Education is a critical resource for meeting the manpower requirement for national development.

“As a responsive and caring institution, we are excited to partner PressPayNg to solve this difficulty by offering existing and prospective students a convenient platform and clear pathway to pursue their dreams in universities, polytechnics, and education colleges.

“Beyond the funding opportunities of this Tertiary Education Savings and Loans digital product, beneficiaries also have the privilege to secure holiday jobs, which will provide additional financial support and build their capacity. We are committed to helping students, parents, customers, and Nigerians succeed without any limitation”.

Also speaking at the ceremony, the Chief Executive Officer of PressPayNg, Mr. Abiola Metilelu, said,

 “There is intensifying demand for expanded access to good quality tertiary education. This education savings and loan product from PressPayNg and FCMB is targeted at all levels of tertiary education in Nigeria.

“It will increase 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 corporate objective for PressPayNg is to empower the ambition of every Nigerian to become educated and flatten the curve of tertiary education dropouts by offering disruptive, innovative, and creative solutions.

This partnership has given birth to a Silverbullet Solution, an idea whose time has come. Our message to parents, guardians, and students in tertiary institutions across the country is that with PressPayNg,

By Olumide Sekunowo

Content Author for @study4naija

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