Toyin Ogundipe, vice-chancellor of University of Lagos (UNILAG), says indigent students will benefit from the EduTech project launched by PressPayNg, the Nigerian firm.
Ogundipe, who was represented by Lucian Chukwu, deputy vice-chancellor of the institution, described the programme as a futuristic initiative that will “outlive all of us.”
“As the slogan goes ‘We Pay, You Pay’, that goes a long way in ensuring that this is more than a co-financing kind of project, but an initiative that incorporates insurance, as well as education grant,” he said.
“Also, it is a scheme that is created to assist those who can pay and pay installmentally at their own convenience as well as assist the indigent students.
“I want to commend the University of Lagos alumni association, Lagos state chapter, that has partnered with PressPayNg to launch this programme, and for us having the privilege of choosing the university of Lagos, as the place where this innovative exercise will take place. This programme will definitely outlive all of us.”
At the launch of the EduTech app in Lagos on Wednesday, Abiola Metilelu, founder of PressPayNg, said the initiative is aimed at solving financial problems causing students of tertiary institution to drop out of school.
Metilelu also said apart from facilitating loans, other services that would be rendered through the initiative are tuition insurance, savings, tertiary education health maintenance, among others.
“PressPayNg, an EduTech solution has been designed to facilitate creative formulae of tuition and solve student’s problems by offering education savings and loans to students in tertiary institutions in Nigeria,” he said.
“PressPayNg also provides value added services such as tertiary education insurance, tertiary education health and maintance, students holiday jobs, soft skills, workplace and marketplace regiment trainings.
“This technological invasion is brought by very vibrant, creative, dynamic young Nigerians, finding solutions and planning innovation and change with the collective responsibility to flatten the drop-out rate in tertiary institutions and consistently foster an upward trajectory to human capital development in the country.”
On his part, Sunday Asefon, president of the National Association of Nigerian Students (NANS), said the initiative will prepare students for life after school and when it comes to getting loans to start businesses before their graduation.
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