<p class="wp-block-paragraph">First Bank, premier
Bank in West Africa and the leading banking services solutions provider in
Nigeria for 125 years, has announced its educational solution – FirstEdu &#8211;
specifically designed to enhance the educational facilities in schools. The
FirstEdu product includes FirstEdu loan and FirstEdu portal.</p>



<p class="wp-block-paragraph">In a release
signed by Folake Ani-Mumuney, Group Head, Marketing &; Corporate Communication
and made available to OpenLife, FirstEdu loan is targeted at private Nursery
&; Primary and Secondary schools to assist the schools in achieving their
desired growth in the medium and long-term. The product provides funding to
replace old furniture and equipment, pay staff salaries, purchase brand new or
fairly-used buses as well as refurbish dilapidated buildings and classroom
blocks. With this product, school owners/proprietors can stay ahead of
competition at all times.</p>



<p class="wp-block-paragraph">The product
enables the schools to access facility with no tangible collateral, apart from
domiciliation of school fees account with the Bank.</p>



<p class="wp-block-paragraph"> ;In
addition, FirstEdu portal is a modular and robust web-based enterprise portal
that enables Tertiary educational institutions manage academic, administrative,
professional, logistics and payment challenges. The basis for its robustness is
to take the stress of logistics, administrative and payment challenges off the
institutions, as they focus on meeting their year-long, medium and long-term
objectives.</p>



<p class="wp-block-paragraph"> ;The product
features and benefits include; e-Learning, virtual library and facilitation of
exchange programmes with foreign educational institutions; academic &;
student events/time-table/calendar management; school fees payment via the
internet; online information and result checking; interactive community forum
between students and teachers. It also affords applicants the opportunity of
enrolling from the comfort of their homes or any location around the world; no
licensing, installation and maintenance cost and plugs avenues for revenue
leakages amongst others.</p>



<p class="wp-block-paragraph"> ;According
to Chuma Ezirim, Group Executive, e-Business &; Retail Products, First Bank
of Nigeria Limited, “with FirstEdu, private schools across the various tiers of
education in Nigeria; elementary, secondary and tertiary, have the right tool
to boost their business to the level they desire. With over N5 billion loans
already disbursed to schools this year alone, we are committed to supporting
growth in this key sector of our economy.”’</p>



<p class="wp-block-paragraph"> ;For further
information on FirstEdu, visit the FirstBank branch nearest to you or contact the
bank  ;on its  ;social media channels.</p>

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