Stanbic IBTC calls for partnership in education sector

As the economy gradually reopens amidst the impact of COVID-19 in the country, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has called on big players in the education sector to create and explore possible collaboration opportunities.

Education has been one of the sectors severely affected by the coronavirus pandemic. Learning institutions have had to deliver lessons to students with varying levels of success. However, some could not hold due to a lack of infrastructure.

Remy Osuagwu, Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC, however, urged parents/guardians to give their children the best education, which they deserve regardless of the current challenges.

He noted that good education with no financial interruptions is a significant legacy for a child and parents must invest in their wards’ education while kick-starting their financial journey.

According to him, “The COVID-19 pandemic was unprecedented, but it has reinforced the need to plan for the future of our children.

“Early planning helps to take the financial pressure off parents in the years to come; and in times like these, parents must ready to welcome opportunities that will amplify the value of their children’s education.”

Although some institutions successfully employed technology to make delivery of content through TVs, radios, and WhatsApp groups, infrastructure deficit, and lack of electricity in the country pose a considerable challenge to the efforts being made.

“As a foremost financial institution that understands the importance of protecting a child’s future by saving for their education, the Stanbic IBTC Children Education Savings Scheme – CHESS account enables parents /guardians to set up and manage their child’s account just the way they want,” Remy said.

He added that this scheme is available for children between ages 0 and 17 years with additional benefits for parents/guardians who already have a Stanbic IBTC bank account.