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International Literacy Day 2020: FirstBank Set The Pace With Innovative e-learning Solutions  

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By Eche Munonye

Covid-19 brought a huge challenge to education and literacy, First Bank of Nigeria Limited responded with a Rosetta stone of innovative e-learning initiatives that have far-reaching effects

Since 1967 that the United Nations Educational, Scientific and Cultural Organization (UNESCO) have been celebrating International Literacy Day to promote the importance of literacy and education, every September 8 had witnessed book gifting, book reading and related activities are undertaken by the UN body and its coalition of partners.

But this year is a departure as such enshrined activities are suspended and replaced with virtual meetings, a gesture that reflects the sign of the precarious situation of the world is as it is grappling with the devastating coronavirus pandemic.

Education has been in a state of limbo since schools––primary, secondary and tertiary institutions––and research institutes across the world were abruptly shut down as countries enforced lockdown to contain the ravages of the novel Covid-19. The disruption, a setback for education globally, inevitably fostered a lull in the effort to enhance literacy. And in the meantime, the world shifted to an alternative learning method which, by and large, is narrowed down to digital learning.

These challenges provided the backdrop for the theme of this year’s International Literacy Day: “Literacy Teaching and Learning in the COVID-19 Crisis and Beyond,” which threw open discourse on how innovative and effective education and teaching methodologies are to be adopted or adapted in youth and adult literacy programmes during the period of the pandemic and beyond. In line with this thematic direction, countries are reviewing how they have fared in the new normal, and evaluation of various initiatives by individuals, corporate bodies and governments are being undertaken to ascertain how they align with the reality and what gaps needed to be filled.

For Nigeria, the stake is higher. Burdened with a high rate of illiteracy, inadequate digital infrastructure and an economy in dire straits, Nigeria has on its hand a challenging learning situation in the of the new order. The possibility of the country being further left behind in the race to literacy was writ large, an uncomfortable fact that raised several legitimate concerns bordering on how to ensure that students have access to learning resources, how they can be fully engaged to make them competitive internationally with their peers and how such engagement can help close the gap created by the closure of all educational institutions nationwide.  While a cocktail of initiatives surfaced in the past few months to address these concerns and challenges, there was none as suitable, comprehensive and far-reaching as the e-learning initiatives of the First Bank of Nigeria Limited.

The initiative which could as well be nicknamed “Operation Moving One Million Nigerian Students To e-Learning” is a tripartite effort between the bank, Lagos State government and Roducate, an innovative technology firm that is providing educational solutions that enable primary, secondary and university students to continue to study the government-accredited curriculum of various subjects and disciplines in the convenience of their home.

Out of the mushroom of e-learning platforms in the aftermath of the lockdown, the First Bank initiative came with a big difference: the Roducate e-learning platform is available for free at www.firstbanknigeria.com/e-learning.

Secondly, the content is boosted with value-added features such as tutorial videos, assignments, mock exam, note-taking, podcast and online games that further promote interactive learning and deepen digital skills of the learner.

Thirdly, the initiative is further reinforced with the provision of free 20, 000 units of e-learning devices for pupils, which FirstBank presented to the Lagos State government on June 11. This helped to break the barriers of data cost and device affordability as the low-end smartphones are preloaded with offline content for children who may not have access to devices or data. By all means, this initiative has been an outstanding effort and a boon to digital learning in the country.

The inevitability of the adoption of e-learning technology goes hand-in-hand with the imperative of imparting skills in emerging digital technologies. In this regard, FirstBank went an extra mile with the rollout of complementary initiatives that justifiably empowered youths with the required capability.

The Bank’s partnership with IBM, for instance, brought the benefit of the global tech company’s Digital-Nation Africa programme to youths in tertiary institutions. The online youth-focused learning programme enables innovation and skills development on emerging technologies in key areas such as Artificial Intelligence, coding, cloud, internet of things, blockchain, Data Science and analytics, and cybersecurity. A second partnership with Curious Learning, a non-profit organisation renown for providing learning apps for kids, afforded pupils in the age range of three to eight years old the use of fun, self-guided learning apps to help them with their cognitive skills at a fundamental level.

The significance of the FirstBank e-learning initiatives cannot be overemphasized. As schools are gearing up to resume soon, there are over 10,000 sign-ups on the Roducate e-learning platform. It is expected that the students have had a grasp of the nitty-gritty of e-learning which, going forward, is expected to be integrated into the country’s educational system.

For FirstBank, a member of UNESCO’s Global Education Coalition, the initiatives are an attestation to its longstanding tradition of supporting education in various ways, a commitment succinctly echoed by its Chief Executive Officer, Dr Adesola Adeduntan: “The e-learning initiative aligns with our Corporate Responsibility and sustainability initiatives and falls under one of our key strategic pillars, thus Education through Support to our Communities.” Indeed, the Bank has a portfolio of projects in support of education, including infrastructure projects in 10 universities and three secondary schools, support for professorial chairs in 10 universities and teaching of financial literacy and entrepreneurial and career counselling to over 80,000 students in over 80 secondary schools in the country via its FutureFirst programme.

The e-learning initiatives further reinforced FirstBank’s status as an important stakeholder, leader and innovator in the country’s education space, a fact amplified by the Lagos State governor, Babajide Sanwo-Olu, who, having noted that the “intervention by FirstBank could not have come at a better time,” went on to declared his delight that the state government “have found a real development partner in FirstBank.”

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FIRSTBANK’S CEO, ADESOLA ADEDUNTAN, BAGS FORBES BEST OF AFRICA AWARD

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Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced that its Chief Executive Officer, Dr.  Adesola Adeduntan, has been honoured with the Forbes Best of Africa Award. The award presentation was held on Friday, 11 September 2020 at a virtual event by Forbes in conjunction with the Foreign Investment Network (FIN).

 

The online roundtable discussion themed “Harnessing the financial resources and social capital of philanthropy to making a lasting impact” was supported by the World Philanthropy Network and featured a keynote address by former Nigerian President, Chief Olusegun Obasanjo (GCFR). The opening remarks was presented by Mrs. Olayinka Fayomi, Chairman, Foreign Investment Network (FIN).

 

Other award honourees were Captain (Dr.) Idahosa Wells Okunbo, CEO of Ocean Marine Security Ltd; Mahmood Ahmadu (OON), Founder and Executive Chairman of Online Integrated Solutions Ltd. Her Excellency Badria Al Mulla, Chairman, International Emirates Business Group (IEBG) was honoured with the FIN Award.

 

The discussions at the event were by Baroness Osamor Martha, Incumbent Member of Parliament, UK; H. E. Prince Dapo Abiodun, Executive Governor of Ogun State, Nigeria; Sir. Chief Kessington Adebutu, Chairman, Premier Lotto and H.E Zulfiquar Ghadiyali, Director at the Royal Office of Sheikh Tahnoon Al Nayhan Abu Dhabi; Mrs. Onikepo Akande, former Minister of Trade and Industry, Nigeria, amongst many others. The closing remarks was by Mr. Nick Kochan, Managing Partner Foreign Investment Network (FIN).

 

Appreciating his award, Dr. Adeduntan said, “I am truly humbled to receive the Forbes Best of Africa Award and I am grateful to the Forbes team for this coveted recognition and award. I owe profound gratitude to our customers; and to the Board, Management and Staff of First Bank of Nigeria Limited and all our Subsidiaries, for their cooperation in delivering the best to our esteemed customers and shareholders, and ensuring that we give back to the society in which we have sustained our business for over 126 years.”

 

“This Forbes Best of Africa award is an incentive to do more in Corporate Responsibility and Sustainability as Africa’s bank of first choice. Therefore, I dedicate this award to my colleagues at FirstBank and its Subsidiaries who are fully committed to our quest to remain truly beyond comparison – a haven of resilience, trust, safety, security, excellent corporate governance, entrepreneurship, professionalism, innovation and customer-centricity,“ he enthused.

 

According to a statement by Forbes “Adesola Adeduntan believes strongly in the importance of doing well by doing good. In March 2020 he spoke at the Edinburgh School of Business about financial institutions’ role as drivers of financial inclusion.”

“In his leadership role at First Bank of Nigeria Limited (FirstBank), Adeduntan is part of a 126-year legacy of sustained development-oriented services. FirstBank is the region’s foremost financial inclusion services provider.”

 

The Forbes Best of Africa Award is for business personalities with a record of creating and building great global businesses that have made far-reaching contributions to the development of Africa.

Only recently the FirstBank Chief was conferred with The Cranfield Alumnus 2020 Award by Cranfield School of Management Alumni and The African Banking Personality of the Year 2019 by African Leadership Magazine.

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OGUN PLANS BUSINESS-FRIENDLY POLICIES

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As part of efforts to ensure Ogun State maintains its lead as the largest industrial hub in Nigeria, the State government says it will continue to implement various business-friendly policies to improve the Ease of Doing Business in the State.
The State Commissioner for Industry, Trade and Investment, Mrs. Kikelomo Longe made this known at a Fast-Moving Consumer Goods (FMCG) company, Rite Foods Limited, Ososa, Odogbolu Local Government Area of the State during an industrial tour.
Mrs. Longe, in statement signed by her Media Aide, Mr. Ismail Oladipo, noted that the Prince Dapo Abiodun Abiodun-led administration has through its various policies and implementation of different infrastructural projects been addressing the various challenges facing businesses in the State.
“The proactive and concerted efforts of the Prince Dapo Abiodun-led administration to address the challenges facing businesses and make them thrive have birthed different Agencies like the Ogun State Investment Promotion and Facilitation Agency (OGUNINVEST), Ogun State Public Works Agency (OGPWA), Ogun State Enterprise Development Agency as well as the inauguration of the Ogun State Business Environment Council (OGBEC) to thicken the State’s economic base,” she said.
She added that the efforts of these Agencies were already yielding positive results as there are multi-million dollar investments that are about to be commissioned while many more investors  have shown serious interest in setting up factories in the State.
The Commissioner assured that the government was already working on providing relief to industries in the State to help cushion the effect of the COVID-19 pandemic on businesses adding that the 50 percent discount on 2020 Land Use Charge paid before the end of September, 2020 is one of the efforts of government in helping businesses at this time.
The Permanent Secretary, Ministry of Industry, Trade and Investment, Mr. Olu. Ola. Aikulola called on manufacturers in the State to link up with the Ministry on challenges their organization would require intervention and mediation especially if it has to do with other State Agencies.
The Managing Director, Rite Foods Limited who also doubles as the State Chairman, Manufacturers Association of Nigeria (MAN), Mr. Seleem Adegunwa lauded the Ministry for “doing a fantastic job in addressing the challenges faced by manufacturers in the State” adding that the success of the last Ogun State MAN quarterly meeting has also been commended by various manufacturers in the State.
He added that the company sources for 90 percent of its raw materials locally while the proportion of expatriates is only one percent in line with its focus as a truly Nigerian company.
 The Executive Secretary, MAN Ogun State branch, Ms. Motunrayo Elegberun also  lauded the Ministry for the success of the MAN quarterly meeting and appealed to the Ministry to help facilitate meetings with other Agencies of government towards addressing challenges facing businesses in the State.
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FBN INSURANCE BROKERS HOSTS WEBINAR TO SENSITISE SMES ON RISK MANAGEMENT AND CYBER SECURITY

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FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. Spearheading discussions at the webinar are seasoned experts on insurance brokerage, cyber security and risk management.

 

The event is themed Risk Management and Business Continuity amidst COVID19 and scheduled for 10:00am on Thursday, 17 September, 2020.  To participate in the event, click here to register.

 

Olumide Ibidapo, MD/CEO FBN Insurance Brokers will speak on Risk Management; Harrison Nnaji, Chief Information Security Officer (CISO), FirstBank will drive conversation on Cyber security and Jamie Eaton, Regional Director, Financial Lines and Client Management, Howden One Insurance Brokers will focus on Cyber Insurance as a risk transfer option for cyber risks.

 

Speaking on the event, Olumide Ibidapo, MD/CEO FBN Insurance Brokers said; “SMEs remain the engine of growth of any economy, especially developing ones like ours and we recognise the indelible roles they play at creating jobs and meeting the economic and social needs of individuals.

 

We are excited with this webinar and implore every business owner to participate, as they will be exposed to very vital information to keep their business afloat and overcome various risks as well as operational challenges, including cyber security threats that have been heightened by the COVID-19 pandemic.”

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