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Diamond Bank, Samsung, Softcom Partner on $100M Technology Intervention Fund for Education in Nigeria

Leading retail bank, Diamond Bank Plc, has signed a Memorandum of Understanding with technology giant, Samsung Electronics and Softcom Limited to provide a $100 million special Technology Intervention Fund for Education aimed at increasing technology adoption among universities in Nigeria. This is on the heels of the maiden edition of the Future Ready University Conference which will be hosted by Covenant University on the 10th and 11th of June.

The Future Ready University Conference is an annual technology for education event focused on showcasing to executives from 50 selected universities a technology journey to creating and managing a future ready university. It seeks to replicate the mobile learning program, already operational in Covenant University, to 40 Nigerian universities by giving them easy access to procuring the solution with fast-track bulk financing from Diamond Bank.

The mobile learning programme is a revolutionary portable mobile device bundled with EduSocial apps that allows students access course materials, lecture notes, case studies and university libraries via their mobile devices. It also includes Samsung Knox for central management and policy enforcement in schools.

Speaking at a press briefing to announce the MoU, Uzoma Dozie, Group Managing Director/CEO, Diamond Bank PLC, said that the Future Ready University program is a strategic initiative between Diamond Bank, Samsung Electronics and Softcom designed to promote technology adoption among universities, improve learning experience and boost the overall academic outcome of students in Nigeria.

According to Dozie: “Mobile learning is the future of education and has been successfully kick-started in Nigeria through the Covenant University Future Ready University program. As a leading retail bank, Diamond Bank is investing in this program as it fits into our strategic roadmap to drive a new banking based on adding value to society.”

 

He added: “The Future Ready University will promote education for youth at cost-effective rates, remove physical barriers to learning as well as track how users learn. It is in line with the Diamond Bank proposition to meet the changing needs of customers wherever they are and we invite interested universities who want to positively change the face of learning within their campuses to leverage this opportunity to create a better and more sustainable learning environment for their students.”

Speaking on technological innovations that drives education, Brovo Kim, Managing Director, Samsung Electronics, West Africa, said “Classroom learning has taken a new shape over the past years and we are convinced that this remarkable project will help students have a better grasp of what is being taught in the classroom, help teachers ensure every student is carried along in the learning process and help parents and guardians to regularly monitor and evaluate their wards’ course work. We recognize and appreciate Diamond Bank’s understanding of this vision and encourage Nigerian universities to take full advantage of it”.

Professor C.K. Ayo, Vice Chancellor, Covenant University, said: “We are delighted to host the Future Ready University Conference and look forward to sharing our experience on how technology is transforming the way our students learn. We are also delighted to be leading this new way of learning. Our partnership with Diamond Bank, Softcom and Samsung has helped us achieve our social learning dream.”

The Future Ready University Conference is expected to have over 150 key decision makers from 50 private and public universities across Nigeria in attendance.

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