Business Hilights

Tracking Nigeria's Headline Business News Online

ecobank-logo
Banking/Investments

Ecobank, Western Union join forces to boost learning with $20,000 grant

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

The Western Union Foundation and Ecobank Nigeria collaborated to finance the donation of a furnished library to the Ransome Kuti Memorial Senior Grammar School in Mushin, Lagos as part of the “Read to Succeed” programme.

A statement by the international money transfer company, said the $20,000 grant, donated early this year, was used to provide the library with tables, chairs, books, book shelves, ceiling fans, air conditioners, computers, printers and other materials.

It noted that the project was successfully managed by the Joseph and Eunice Oladaiye Foundation, a Lagos-based non-governmental organisation.

 “This brand new library will benefit more than 1,000 students at the school. Western Union will grant additional $5,000 to three qualified, underprivileged university students to finance their scholarships.”

It would be recalled that over the last 20 years, the Western Union Foundation has worked with Western Union agents in Nigeria to refurbish and equip public school libraries through a grant of over $280,000 to the “Read to Succeed” library project in Lagos.

Currently, Western Union agents in Nigeria are Diamond Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc, Ecobank Nigeria, Skye Bank Plc, First Bank of Nigeria Limited and Access Bank Plc.

The international money transfer giant has also awarded $30,000 in scholarships to underprivileged university students between 2012 and 2014.

The company noted that the initiatives are in line with the values upheld by Western Union and Western Union Foundation.

Besides, between 2013 and 2015, the Western Union Foundation donated over $600,000 to UNICEF to support teacher training programmes in Nigeria.

LEAVE A RESPONSE

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.