LAPO MfB decries high cost of education, gives 3,004 scholarships
LAPO Microfinance Bank (MfB) has lamented the increasing cost of access to quality education, which is depriving children from low-income households.
The managing director, Dr. Godwin Ehigiamusoe, expressed the concern yesterday during LAPO MfB 2018 Scholarship and Skills Acquisition Awards ceremony in Benin City, Edo State.
According to him, education is critical to personal and national development, stressing the urgent need for prioritisation of education by all.
Ehigiamusoe urged governments at all levels to institute well-managed scholarship schemes to help brilliant children from low-income households realise their potentials.
His words: “Substantial proportion of the TETFUND allocation should be for scholarship awards to indigent students.
“I am very thankful to the LAPO Scholarship Board led by Prof. Christiana Okojie, and the Skills Acquisition team for their commitment to our collective vision to give quality education to our children, one step at a time. ”
We congratulate our beneficiaries for their readiness to learn and grow,” Ehigiamusoe said.
He said that the scholarship was to assist LAPO clients to consolidate their future, adding that the scheme had nurtured the dreams of 3,004 students since 2007.
“In our over 30 years of engagement with Nigerians at the bottom-end of the society, we have to realise that their major concern is quality education for their children. The scholarship is therefore designed to assist them realise that aspiration,” Ehigiamusoe said.