Lagos, Oct. 10, 2023 – Some stakeholders have advised private sector operators to promote innovative and sustainable approaches to uplifting educational standards for underprivileged children in low-income communities.
The stakeholders gave the advice at the Transforming Education Summit 2023, a Special Foundation annual summit, held at Ecobank Pan African Centre (EPAC) in Lagos.
The stake holders agreed that private sector collaborations would offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making.
This year’s summit with the theme: “Enhancing Access and Quality Education in Africa”, had visionaries, partners, corporate leaders and esteemed diplomatic representatives converging to effect meaningful change in the realm of education.
In his opening message, Mr Seyi Akinwale, the Founder of The Special Foundation, said the occasion was to redefine the trajectory of education and leadership.
“The summit aimed to chart innovative and sustainable approaches to uplift the educational standards for underprivileged children living in low-income communities.
“Founded several years ago, The Special Foundation’s mission is to raise Africa’s future leaders by tackling the educational crisis in our society through increased access to education.
“What’s truly rewarding is our journey from a single child nine years ago to now impacting over fifteen thousand children and continuing to educate more than four hundred children.
“This success is a testament to the collaborative spirit of the institutions and individuals here today,” he said.
Mr. Abubakar Suleiman, the Chief Executive of Sterling Bank, articulated the role of the private sector, emphasising its responsibility to improve the lives of underprivileged children.
“In societies where children reside in impoverished conditions, we, the privileged elite, are responsible for eradicating their suffering. It is not an act of benevolence, but a solemn obligation.
“A significant issue within the corporate sector is the pursuit of success at the expense of society. Some corporate actions inadvertently contribute to the creation of impoverished communities.
“Then, after achieving success, they attempt to ameliorate the problems they have indirectly caused.
“This approach raises concerns, and I believe that corporations must build their enterprises responsibly, avoiding the creation of slums and societal impoverishment.”
Mrs. Oluwatomi Somefun, the Chief Executive of Unity Bank, emphasized the power of collaboration for the greater good, saying that “individual efforts can be limiting, as we often find ourselves overwhelmed by the enormity of the challenges.
“Collaborations offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making. Together, we can achieve much more.”
Mrs. Oluwayemisi Ogunmola, the Managing Director of EDC Fund Management Limited, a member of the Ecobank Group, said her organisation supported the promotion of quality education for youths as an avenue to create future leaders for both Nigeria and Africa.
She said this was at the centre of the corporate social responsibility activities of the EDC.
Ogunmola said that the initiative was to ensure that children from underserved communities were given the opportunity and a shot at making it in life.
“The value connection between us and TSF was instant. As one of the thriving asset management firms in Nigeria, we don’t just proffer top notch financial solutions to our clients, but also promote financial inclusion in our society.
“We recognise there is an urgent need to support the indigent in our communities to enable them to integrate with the larger society where opportunity is available for everyone to thrive, especially the young people amongst us.”
The summit also featured inspirational stories from beneficiaries of The Special Foundation’s Inspire Scholarship programme, a captivating live performance by Seun Adesina and Sinmidele Ayodeji, and a thought-provoking call to action by Mr. Olakunle Soriyan, Chief Knowledge Officer of Kenneth Soriyan Research and Ideas LLC.
Stakeholders at the event include Mrs. Oluwayemisi Ogunmola, Managing Director of EDC Fund Management Limited, a member of the Ecobank Group; Mr Abubakar Suleiman, CEO of Sterling Bank; Mrs. Oluwatomi Somefun, CEO of Unity Bank and Gbenga Oyebode, Board Chairman at African Philanthropy Forum.
Others are Asue Ighodalo, Founding Partner at Banwo & Ighodalo; Adeyemi Ademola, MD of First E&P; and Chukwuma Nwanze, MD Credit Direct. (GBN)
