Fidelity Bank Unveils Scheme to Boost Education

Fidelity Bank Plc has initiated a scholarship scheme tagged “Save 4 Scholarship,” to support the educational needs of its customers.
The bank explained that N80 million had been earmarked for the scheme which is payable over a period of five years. A total of 200 winners are expected to emerge throughout the duration of the promo.

Speaking at an event in Lagos yesterday to unveil the promo, the Managing Director/Chef Executive Officer of the bank, Mr. Nnamdi Okonkwo said the development was another way to affirm the bank’s support for the cashless policy of the Central Bank of Nigeria.

He added: "We affirm our commitment to developing products that contribute to the general well being of the society in which we operate. It is also part of the new direction of Fidelity Bank that is anchored on innovation.

  "At Fidelity Bank, we are not in business to follow the crowd and that is the essence of this initiative. We are aware that some are out of school, not because they are not intelligent or lack of will to go to school, but the challenges of costs of bills associated with school.”

The Fidelity Bank boss noted that the initiative, beside increasing awareness on the need to acquire a savings culture, is also a veritable instrument to advancing the quest for financial inclusion in the country.

On her part, the Executive Director, Shared Services, Fidelity Bank, Mrs. Chijioke Ugochukwu said the ‘Save 4 Scholarship’ savings promo is the fifth in the line of campaigns the bank had undertaken in recent times.

“This is our most important and most contributory promo so far. This promo is our unique contribution to the development of education which is the most basic of human aspiration,” she added.

According to her, high cost is making education appear to be an elite privilege. She stated that education all over the world should be made available to every level of the society.

“The Fidelity promo is a unique one. We shall be giving out scholarship packages and gift items to support the educational aspiration of our customers.

“When we are talking about education we are talking about everything- catering school, university, polytechnic, apprenticeship etc,” she added