Home Latest Lagos State, FirstBank supports private schools with N5bn relief fund

Lagos State, FirstBank supports private schools with N5bn relief fund


The Lagos State Governor, Mr. Babajide Olusola Sanwoolu has launched N5bn support fund for private schools and vocational centres in Lagos. This is coming as a relief to low-scale private school owners whose schools had been under locks and keys since the month of March 2020.

The state government in partnership with First Bank PLC is using this as a means to regig the dying educational sectors of the state.
The governor speaking on Friday in Lagos noted that the fund will go along way to cushion the effect of the pandemy on the schools.

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“Today, I launched a N5bn support fund to help reduce the impact of #COVID19 on low-cost private schools in Lagos. The educational sector is one of those severely impacted by the pandemic, with schools and vocational learning-centres shut since March”, he said.

“With access to funding for privately owned schools and vocational training centres in the state, we are confident that this programme, under the partnership between First Bank and LSETF will help accelerate a sustainable return to learning and skills acquisition”.
“The facility will benefit 2000 low-cost schools with amounts ranging from N500,000 to N5million”.
The governor further stated that the government will continue to ensure the people get support from the state in all of the capacity it can to support all and sundry.
“As a responsible Government, we are obligated to provide interventions that would enable learners in schools study in line with the new normal”, he concluded.


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