LAPO upbeat as 8,140 students benefit from scholarship scheme in 10 years


September 28, 2017 | 12:00 am
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The management of LAPO Microfinance Bank Limited has celebrated ten years of uplifting the aspirations of students through scholarship across Nigeria and bringing joy to the hearts of many families.

Godwin Ehigiamusoe, in his address of welcome said the LAPO Mfb scholarship scheme was instituted 2007 through  a seed cash prize of $10,000 won from the prestigious Grameen  Foundation’s Excellence in Microfinance Award in 2006.

Ehigiamusoe noted  that in the past years a total of 8,140 students have benefitted from the scholarship programme across the country.

“Today, we celebrate ten solid years of uplifting the aspirations of students across Nigeria and brining joy to the hearts of many families. Ten years ago in 2007, we instituted the LAPO MFB Scholarship Scheme and funded it with the cash prize of $10,000 we got from winning the prestigious Grameen Foundation’s Excellence in Microfinance Award in 2006.

“This educational outreach is our own little way of supporting our client’s children and the less privileged in the society. We are immensely proud about the performance and development of these students, and the huge relief it has brought to their parents”, he said.

He said a total of 1,080 students benefits from the 2017 scholarship scheme across 31 states in the country, noting that it has nourished the dreams of 8,140 students since 2007.

“I am happy to inform you that we have 201 new beneficiaries making a total of 1,080 students that would be awarded scholarship this year across 31 states in Nigeria. So far, the noble efforts of the LAPO scholarship scheme has nourished the dreams of 8,140 students since 2007”, he added.

He however commended Partners for Development, the National Directorate of Employment (NDE), and the National Business and Technical Examinations Board (NABTEB) for their immense co tribute ins to the success of LAPO skills acquisition scheme.

Ehigiamusoe opined that the skills acquisition scheme is a platform that continues to provide intensive technical trainings on vocational skills to young Nigerians.

He disclosed that from  2016 a total of 137 persons benefitted from the financial institution’s skills acquisition programme.

He however seek the support of corporate organization’s and development- focused individuals on the organization’s skill acquisition programme, pointing out that nothing was too small to give to help a child, and wipe off the tears of an almost helpless parents.

In his remark, Edo State Commissioner for Health, David Osifo who commended the organization for sustaining the scholarship scheme in the past ten years, noted the responsibilities of educating a child does not reside with government alone.

Osifo who was the chairman of the occasion seek all relevant stakeholders’ engagement to invest in the education of children.

The He also called on parents  to show more commitment in the education of their children especially the girl-child education, pointing out that education has the capacity of transforming the lives of not only the child and his parents, but the entire community.

The commissioner who was represented by Izielen Asogun, permanent secretary in the ministry of health, observed that education is a veritable tool of brining about the development of sound and effective citizenry.

According to him, scholarships are awarded to indigent students to assist them develop their potentials without any hindrance. Scholarship awarded to deserving students is a strategy to provide access to qualitative and functional education for children who are brilliant but indigent.

While appealing to the management of LAPO to step-up measures to address administration of scholarship awards in the state, he enjoined the beneficiaries of the scheme to ensure that such good gesture should be reciprocated by utilizing all the awards judiciously.

He urged stakeholders in the education sector, to rub minds on the policy and practice of scholarship administration with a view to articulating a virile scholarship policy that would adequately meet challenges ahead.

He opined that the administration of scholarship awards poses a great challenges, especially during this period of economic difficulties.



September 28, 2017 | 12:00 am
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