Access Bank Pledges Support for Education

Access Bank has announced the introduction of an innovative solution to support the education sector in the country.

Speaking at the September Power Breakfast Series in Lagos, Obeahon Ohiwerei,  bank’s executive director, Business Banking Division, said the lender designed the innovative financial solution with consideration for the dynamics of school business.

He said the solution is comprehensive and will cater for specific needs of the various schools within the sector – primary, secondary and tertiary institutions as well as the constituents of the value-chain, which include teachers, suppliers, parents and other critical stakeholders.

He informed the operators, particularly private school proprietors and other promoters that the forum remains an interactive one for Small and Medium Scale Enterprises (SMEs) and entrepreneurs.

According to him, “the monthly Power Breakfast Series is the Bank’s way of integrating our SMEs customers with innovative financial solutions. Today, we are engaging operators in the education sector to proffer solutions that will address most of the challenges facing the sector.”

The director noted that Access Bank has champions who understand the education industry, and with the support of the International Finance Corporation (IFC), it will offer low-interest loans to the sector, hopefully from the first quarter of next year.

He hinted that the lender is collaborating with the IFC to attract long term funds at cheap rates for the sector.