Firm launches education loan app for undergraduates
PressPayNg, an education technology solution provider, has launched a social enterprise app to provide soft loans as a co-funding arrangement for tuition payment and other support services to Nigerian students in tertiary institutions.
A statement by the firm quoted the Chief Executive Officer, PressPayNg, Mr Abiola Metilelu, as describing human capital development as a critical component for unlocking the full potential of the Nigerian economy.
Metilelu, who spoke during the launch of the app at the University of Lagos, said. “You will agree with me that tertiary education is the engine room for national productivity. For our nation, Nigeria, to keep abreast with global trends in education and for our institutions to achieve international recognition, tertiary education is expected to be accessible, equitable and qualitative.”
In his address, the Vice-Chancellor, University of Lagos, Prof. Oluwatoyin Ogundipe, commended the firm for introducing such social products to Nigerian students, adding that the products came at the right time.