November 28, 2022



FirstBank: Supporting analysis by means of schooling endowment programme

FirstBank Schooling Endowment Programme has helped to some extent, within the growth of analysis initiatives within the nation’s universities. AMAKA IFEAKANDU seems to be on the influence of the programme on the scholars and tertiary establishments usually.

First Financial institution of Nigeria Restricted, Nigeria’s premier and main monetary service supplier has maintained its high place in offering funds for financing of analysis initiatives within the nation’s greater establishments of studying.

The financial institution launched schooling endowment programme 28 years in the past within the nation’s federal universities  to allow undergraduate college students purchase extra data, ability and construct their concepts and opinions on  analysis challenge.

Analysis is among the facets of studying that assist to develop the data base of a researcher. 

Aside from serving to in unlocking the unknown, it presents alternatives for researchers to discover the world from completely different perspective and have deeper concepts and understanding regarding the difficulty at hand.

The technique of analysis opens up new alternatives and progress of an organisation and financial system at massive.

Schooling endowment programme

FirstBank instituted schooling endowment programme (EEP) in 1994 to fund analysis initiatives in federal universities chosen across the six geographical areas of the nation.

The financial institution’s endowment programme is designed to be completely restricted. That is to make sure that the seed funds or principal sum established in several colleges have to be held in perpetuity and can’t be spent however needs to be aimed toward producing revenue to fund the completely different initiatives and meet the aims.  

To effectively actualise the aims, the programme is ruled by a board of trustees in every college consisting of a md who’s Vice Chancellor; members from the assorted universities and the financial institution. The programme is structured to offer an annual analysis grant; annual public presentation of analysis findings and annual award for the three finest graduating college students within the explicit discipline of focus. The programme is most lively in Federal College of Expertise Akure (FUTA) the place it has constantly continued its dedication to the purpose of meritorious contribution to data by means of analysis actions within the communication and expertise sector.

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The financial institution’s endowment programme was set to to reinforce the general educational excellence by means of analysis. It was additionally launched to enhance the federal authorities’s efforts within the growth and development of   tertiary schooling in Nigeria. 

Aside from serving to in  strengthening  the financial institution’s company accountability & sustainability strategic method by means of its schooling strategic pillar, the programme additionally goals at  contributing to the constructing and reinforcement of the First Financial institution model worth proposition.

Chosen Establishments

The FirstBank endowment programme is devoted to enhancing educational excellence geared in direction of a long-term growth of Nigeria. The programme is deliberate in direction of  empowering the youth by means of schooling. Obtainable report exhibits that presently, they’ve Professorial Chairs in ten chosen  Nigerian universities, with the full endowments price over N440 million. Among the universities and endowed educational fields embrace: College of Lagos – Enterprise Ethics; Nnamdi Azikiwe College, Awka – banking and finance; College of Agriculture, Makurdi – agronomy;  FUTA – pc science, Abubakar Tafawa Balewa College – Engineering Expertise, College of Benin -Laptop Science, College of Maiduguri – Water Assets Engineering, College of Uyo – Petroleum Engineering, Usman Dam Fodio College Sokoto- Veterinary Drugs and Bayero College Kano- Pediatrics.

Significance of analysis

Irrespective of the extent of  particular person’s  expertise in life, there’s want for one to be taught and purchase extra data on each day foundation.

Analysis encourages individuals to seek out the latest data out there in sure fields. Staying up to date prevents people, firms from falling behind and giving data that’s inaccurate or doesn’t paint the entire image of the difficulty at hand. With the most recent data, one might be higher geared up to speak a couple of topic and construct on concepts.

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 Conducting analysis offers one a strong basis on which particular person or group can construct  concepts and opinions. It  builds discerning and analytical abilities and allows researcher to communicate with confidence proving that what he/she is aware of is correct.

Additionally, the analysis course of brings curiosity and as soon as particular person is  dedicated to studying, it  at all times places the individual in a spot of progress. Additional research present that curiosity is related to greater ranges of positivity, higher satisfaction with life, and decrease anxiousness.  Aside from utilizing analysis  to boost consciousness of points like local weather change, racial discrimination, gender inequality, and extra, it entails going past the uncooked knowledge and sharing real-life tales which have a extra private influence on individuals. 

Past these, analysis locations researcher on the method of studying, gaining new abilities, data, understanding, and values. The method of researching allows one to be taught new issues as studying impacts extra than simply data and abilities, however transmits the values, attitudes and behaviours people have determined to share. 

So, partaking in analysis is a base upon which the entire constructing of human growth stands. Getting correct data is important for fulfillment in life identical to the meals is necessary for the wholesome human physique. Aside from selling equality of prospect, analysis is a central cohesive supply of help and stability within the growth of nations. There may be want for creating international locations like Nigeria to have interaction extra on analysis and in addition deal with the event of high-value academic system,  as a result of  each of them work successfully for sustainable growth of the financial system in addition to society. 

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