In a bid to promote the girl child education in the northern part of the country, Baobab Microfinance Bank has launched a scholarship programme to sponsor 50 female students.
Chief Risk Officer of the bank, Tunde Omolere, said the initiative, which prompted the ‘Girl Child Scholarship,’ is aimed at sponsorship of female students in different schools annually.
Speaking at the presentation of a cheque to Elijah Future Stars Academy in Karu, Nassarawa state, Omolere informed that the initiative was in tandem with the bank’s vision to support girls in their educational pursuit.
He noted that the benefitting school had no prior contact with the bank. The school was selected due to the low tuition fee it charges. Thus, bearing the hallmark of a school for the less privileged.
“Selection of schools was thrown open to our staff and we asked them to look at schools that charge ridiculously low school fees but making impact. We understand that some parents are not able to afford the fee. So, we wanted the schools to be micro schools for us to intervene.” He stated.
He added that over N250, 000 would be spent on the students.
The Country Human Resource Manager for the bank, Priscilla Okoko, noted as important as education is, it was often overlooked by some parents, particularly where it involves the girl child.
Okoko disclosed that the bank’s plan is to help the girl child break the barriers in Nigeria by giving them the opportunity to further their education.
One of the beneficiaries of the scholarship, Nafisat Omale, commended the management of the bank.
She said the scholarship has motivated her to work harder. Hence, she promised to come top of her class.
Proprietor of the School, Bishop Fred Kaka, commended the initiative. He said it would encourage more female students to stay in school as parents default in the payment of school fees of their wards due to the economic downturn caused by COVID-19.