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Awosika urges banks to give students credit facilities

By Charles Coffie-Gyamfi, Abeokuta
10 November 2022   |   3:18 am
Chairman of Access Bank Plc., Dr. Ajoritsedere Awosika, yesterday, charged financial institutions and other well-meaning Nigerians to assist in funding the education sector to ease the burden on government at all levels.

Ajoritsedere Awosika

Chairman of Access Bank Plc., Dr. Ajoritsedere Awosika, yesterday, charged financial institutions and other well-meaning Nigerians to assist in funding the education sector to ease the burden on government at all levels.

She gave the charge in her lecture delivered at the fourth convocation ceremony of Chrisland University, Abeokuta, Ogun State. Awosika, in the lecture, titled: “The Visible and Invisible Hands of Development: Interrogating the Roles of Tertiary Institutions and Financial Sector in Nigeria,” specifically asked financial institutions to provide more student-centered credit systems and support for tertiary education in Nigeria.

In her remarks, Vice Chancellor of the university, Prof. Peace Chinedum Babalola, disclosed that nine students graduated with First Class, while 27 graduated with Second Class Upper Division and 14 bagged Second Class Lower Division.

Babalola admonished the graduating students to make use of the entrepreneurial skills in creating wealth and be self-sufficient.

According to her, tertiary education remains out of reach for many Nigeria’s poorest and most marginalised and advocated for strategic and effective investments in tertiary education.

“Tertiary education is instrumental in fostering growth, reducing poverty and boosting shared prosperity. It benefits not just the individual, but also the entire educational system.

“Tertiary, technical and vocational education and training can provide an effective and efficient complement to traditional university studies in providing students with skills and knowledge relevant to the labour market.

“Larger numbers of students increase the strain on publicly-funded institutions of higher learning and many countries with limited resources are struggling to finance the growing needs of a larger student body, without compromising the quality of their educational offerings.

“Both policies and academic degrees need to be strategically tailored to fit the needs of the local society and economy. Only then can governments realise the gains in primary and secondary attainment through tertiary education access and progression and turn these successes into increased and sustained economic and social development,” Awosika further said.

In her remarks, Vice Chancellor of the university, Prof. Peace Chinedum Babalola, disclosed that nine students, out of the total population of 52 graduands, graduated with First Class, while 27 graduated with Second Class Upper Division and 14 bagged Second Class Lower Division. Babalola admonished the graduating students to make use of the entrepreneurial skills in creating wealth and be self-sufficient.