Baobab MFB Launches Girl-child Education Scholarship Program

Baobab Microfinance Bank Nigeria recently launched its Girl Child Education Scholarship Program, advocating for educational inclusivity by awarding scholarships to deserving female students. The initiative allocated scholarships to 16 students from Morit International School in Apapa, Lagos State, and extended support to four girls from Rock Foundation School in Abuja.

The ceremony for the students who received the scholarships in Morit International School scholarship took place at Baobab Nigeria’s headquarters in Lagos on November 6, 2023. Esteemed executives from Baobab Nigeria, in conjunction with the leadership from Morit International School, presided over the event, attended by some of the scholarship beneficiaries.

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However, the scholarship award for the Rock Foundation School students unfolded at the school premises in Abuja. Representatives from Baobab Nigeria and Rock Foundation School collaborated in a distinctive ceremony that celebrated the advancement of educational opportunities for young girls.

With a commitment to addressing the disparity between boys and girls in the classroom, promoting gender equality in education, promoting inclusive education, and championing good environmental practices, both ceremonies showcased Baobab Nigeria’s dedication to transforming lives and creating a more inclusive society through education.

Speaking at the inauguration of one of the bank's branch in Nasarawa State, located in Lafia, the bank’s Chief Risk Officer, Mr. Babatunde Omolere, praised Nasarawa State’s conducive business environment.

He emphasized the bank’s dedication to supporting industrious individuals and drew parallels between the bank and the sturdy Baobab tree, highlighting their shared commitment to providing shelter and support.

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Omolere recounted the bank’s journey from its modest beginnings in Kaduna to its current status with 38 branches across Nigeria. He stressed the bank’s mission to serve the financially underserved in Nasarawa State, with a primary focus on facilitating business growth for those who have faced financial challenges.

He proudly shared the bank’s achievements in Nasarawa, including over N1.5 billion in loans disbursed to about 2,000 clients in 2023 alone.