Quality education necessary for transformation – Ex-Minister



Quality education necessary for transformation – Ex- Minister


A former Minister of Education, Dr Oby Ezekwesili, on Thursday said quality and relevant education were necessary for transformation of a country

Ezekwesili said this  at the formal launch of EdFin Microfinance Bank in Lagos.

The News Agency of Nigeria reports that EdFin Microfinance Bank is a specialised bank with a mission of providing finance for stakeholders in education sector.

“The bank’s focus areas for value added services include teacher quality, learning and teaching aids, infrastructure and tools, among others,” Ezekwesili said.

According to her, if a country wants to improve the economic and social mobility of its citizens, it must be done through quality education.

She said a major issue that the country is still lacking ‘’is the need to provide quality education’’.

Ezekwesili urged banks to direct their services to bridge the gap in “skills and knowledge’’ of schools,  to enable the students  transform the economy and compete with their counterparts globally.

“No matter the age category your school caters for, they will not compete with their fellows in Nigeria or Africa.

“ It will be a global level competition

“ So the banks’ finances to the stakeholders must stress on ‘quality’ among others, as essential parameter,” she said.

The Lagos State Governor-elect Mr Babajide Sanwo-Olu at the launch, commended the banks on the decision to direct their empowerment to education sector.

He noted  that finance, among other challenges, is a bane to the growth of education in the country.

Sanwo-Olu, who was represented by Mr Sam Egube, the Board Chairman of CeLD Innovations Ltd.,  however, said the government should make the education sector budget a priority always.

He said the state would not relent in its effort to increase the number of public schools.

The incoming governor said that the budget for education sector in the state, henceforth, would  increase.

The Chairman of EdFin Microfinance Bank, Mr Paul Dileo, said the bank was berthed out of the belief that country’s potential would become a reality if it has well-educated human capital.

“EdFin is committed to facilitating a more enabling environment for private schools to offer quality education that guarantees improved learning outcome.’’

The Managing Director of EdFin Microfinance Bank, Mrs Bunmi Lawson, said the bank had started a journey to support everyone that needed quality education in Nigeria through finance.

“The stakeholders we work with include school owners, pre-primary, primary, secondary, university, professional institutions and vocational colleges,” she said.



Explosion: Gov. Bello condoles with victims’ families  Aid for Sahel region is investment against extremists -UN Former France goalkeeper, Bruno Martini, dies at 58 Gov. AbdulRazaq names 10-member judicial panel on police brutality #EndSARS protest stalls arraignment of robbery suspects 6 killed, 3 injured in multiple accident in Niger – FRSC Flooding, landslides in Vietnam kill 105, 27 missing COVID-19: NDIC reviews financial framework to assist banks with liquidity, solvency challenges Expert warns against consumption of rusted canned foods #ENDSARS: Archbishop urges Buhari to accede to youths’ demands PAN to introduce new brands of ”affordable vehicles” in Nigeria – Wadada NASA attempts first sample collection from an asteroid Ekiti State debunks reports of harassment of protesters by soldiers Right-wing extremism growing in Australia-Police #EndSARS: Centre seeks roundtable between FG , youth leaders Alleged Fraud: Absence of judge stalls Oyo-Ita’s trial  NGO calls for youths involvement in Govt Amnesty: domestic workers suffer abuse, exploitation in Qatar Group seeks overhaul of Nigeria’s security architecture NCCE grants full accreditation for 20 programmes of Zamfara COE 2 jailed in New Zealand torture case likened to Tarantino film Institute to develop flood resistant maize, says Director Rackete slams German government’s ‘inhumane’ migration stance  PenCom urges RSA holders to participate in Data Recapture Exercise Japanese hobbyist caught selling counterfeit Fender guitars #EndSARS: ActionAid calls on Buhari to address Nigerians UAE to send first official delegation to Israel Association decries lack of maintenance of Rivers State govt. silos Miayetti Allah vows to expose hoodlums disguising as herdsmen in South East #EndSARS: Please call off the protest, Tinubu urges youths #EndSARs: Anglican Primate urges govt. to engage youths constructively  #EndSARS protests: IPAC seeks 2-week postponement of bye-elections Nigeria needs digitally inclusive education system for meaningful progress -IT expert Bauchi LGA to prioritise projects with direct impact on communities – Chairman ENDSARS: LASG urges citizenry to shun violence ENDSARS: LASG urges its citizenry to shun violence 900 prisoners escape in jail-break in eastern Congo NGO to support FG in tackling social security challenges using technology Nigeria to rake in $638m through Bt cowpea export- OFAB Kobe’s 2008 MVP jersey to be displayed at Smithsonian museum Japan will take steps to guard against Olympics cyberattacks #EndSARS protest: MURIC condemns attack on Gov Oyetola FG mulls extension of registration payroll support, to pay 400,000 beneficiaries month end COVID-19: NCDC confirms 118 new infections in Nigeria Entertainment industry partners LASG, finance ministry to harness potential Real Estate: Firm targets 25,000 green homes within 15 years Centre mulls welfare, insurance scheme for journalists #EndSARS: LCCI urges youth on dialogue Orji Kalu salutes Gowon at 86 FHA, Family Homes Funds, collaborate to deliver 1,000  affordable houses