Sterling Bank PLC, a full service national commercial bank is licensed by the Central Bank of Nigeria, has launched a programme that would allow school leavers to study in a foreign university while working for the bank.
The scheme tagged: “Grow With Sterling Initiative” is being carried out in partnership with the Nexford University, Washington DC, United States.
The bank, it was gathered, would pay 65 per cent of the fees of school leavers to earn international undergraduate degrees under a maximum duration of three years while they are engaged by Sterling Bank to serve in specific capacities in a work-study arrangement.
A statement by Temi Dalley, the Chief Human Resources Officer of Sterling Bank PLC, noted that the programme is part of the bank’s new-to-the-world opportunities for young Nigerians to access quality and education at affordable cost while gaining cognate work experience.
According to the statement, the financial institution will pay not less than 65 percent tuition fee of the learners admitted into the programme, marking a significant investment in the education of young Nigerians.
Grow with Sterling’ initiative is a co-branded social impact programme that will enable Nigerian secondary school leavers to further their education under a unique partnership arrangement with the bank as the financier and Nexford University as the learning provider.
Dalley, while also listing other benefits from the initiative, added that learners would get complimentary access to 20 per cent tuition discount, free enrolment on online learning platforms, among other benefits.
The move by Sterling Bank is coming at a time when young Nigerians are in search of platform to further groom and equip themselves for the future.
The bank, in the meantime, provides services to individuals, small businesses (SMEs) and large corporations.
As of December 2018, the bank’s branch network numbered 179, distributed throughout Nigeria with total assets valued in excess of NGN1 trillion and shareholders’ equity estimated at about NGN97.8 billion).