<figure class="wp-block-image size-large"><img src="https://openlife.ng/wp-content/uploads/2020/01/FirstBank_Logo.jpg.png" alt="" class="wp-image-2241"/></figure>



<p class="wp-block-paragraph">In conformity with its legacy name-first in everything, First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, announced in Lagos on January 16, that within the last year, it has supported educational institutions in the country with loans in the sum of over 10 billion naira. </p>



<p class="wp-block-paragraph">A statement from
the bank made available to OpenLife stated that the Bank’s support is
carried out through its FirstEdu product, an educational solution created to
enhance the educational facilities in schools with a view to improving the
quality of education across the country.</p>



<p class="wp-block-paragraph">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 to make learning easy and
conducive for students. </p>



<p class="wp-block-paragraph">The product enables the schools to access facilities with no tangible collateral, apart from domiciliation of school fees account with the Bank. On the other hand, FirstEdu portal is a modular and robust web-based enterprise portal that enables Tertiary educational institutions manage academic, administrative, professional, logistics and payment challenges. </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. We are pleased to have already disbursed over N10 billion loans to
schools in one year and we would continue to support growth in this key sector
of our economy.”</p>



<p class="wp-block-paragraph">“At FirstBank, we identify with the impact of the
educational sector on the socio-economic activities of the country and
importantly the lives of everyone. We remain committed to supporting schools as
education is the core and root factor at enabling growth of our economy” he
concluded.</p>



<p class="wp-block-paragraph"><em>Those in need of the right educational
solutions </em><em>for their  ;school</em><em>s’
boost</em><em> can  ;visit the FirstBank
branch nearest to you or contact us on our social media channels;
@firstbanknigeria on Instagram; @firstbankngr on twitter and
FirstBankofNigeriaLimited on Facebook.</em></p>

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