Categories: Markets

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

  • 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.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Nigerian-American Billionaire Ogunlesi Sees Fortune Rise by $600 Million in One Week

The net worth of Nigerian-American billionaire Adebayo Ogunlesi has surged by $600 million in a…

20 minutes ago

Pounds to Naira Black Market Exchange Rate Today, 24th January 2025

The exchange rate between the British Pound (GBP) and the Nigerian Naira (NGN) in the…

7 hours ago

Dollar to Naira Black Market Exchange Rate Today, 24th January 2025

How Much is Dollar to Naira Today in Black Market? As of today, 24th January…

7 hours ago

Tolaram Group Drives Guinness Nigeria to First Profit in Six Months Post-Takeover

Guinness Nigeria Plc has reported a pre-tax profit of N20.1 billion for the second quarter…

12 hours ago

FirstBank’s FirstGem: Redefining Women’s Empowerment in Nigeria

The story of women’s contribution to Nigeria’s economy is as old as the nation itself. …

12 hours ago

UBA to host Knowledge Series Webinar on New Tax Regime for SME’s

Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host a Knowledge…

13 hours ago