Western Union, Ecobank Support Education With $20,000 Grant

western unionPeople walk past a Western Union branch at Times Square in New York November 30, 2011. REUTERS/Eduardo Munoz
  • Western Union, Ecobank Support Education With $20,000 Grant

The Western Union Foundation has announced the donation of a furnished library to the Ransome Kuti Memorial Senior Grammar School in Mushin, Lagos.

According to a statement by the international money transfer company, the Western Union Foundation and Ecobank Nigeria have collaborated to finance the initiative as part of the “Read to Succeed” programme.

It said that the $20,000 grant, donated early this year, was used to provide the library with tables, chairs, books, book shelves, ceiling fans, air conditioners, computers, printers and other materials.

The statement noted that the project was successfully managed by the Joseph and Eunice Oladaiye Foundation, a Lagos-based non-governmental organisation.

It said, “This brand new library will benefit more than 1,000 students at the school. Western Union will grant additional $5,000 to three qualified, underprivileged university students to finance their scholarships.”

Over the last 20 years, the Western Union Foundation has worked with Western Union agents in Nigeria to refurbish and equip public school libraries through a grant of over $280,000 to the “Read to Succeed” library project in Lagos.

Western Union agents in Nigeria are Diamond Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc, Ecobank Nigeria, Skye Bank Plc, First Bank of Nigeria Limited and Access Bank Plc.

Western Union also awarded $30,000 in scholarships to underprivileged university students between 2012 and 2014.

According to the company, the initiatives are in line with the values upheld by Western Union and Western Union Foundation.

Between 2013 and 2015, the Western Union Foundation donated over $600,000 to UNICEF to support teacher training programmes in Nigeria.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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