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BankPHB restates commitment to economic development

BankPHB Plc has reiterated its commitment to the growth and development of the Nigerian economy, declaring its intention to contribute meaningfully to human capital development and also help in building capacity for the country.


This was disclosed by Mr. Eddy Ogbogu, Executive Director of the bank, when it played host to the third beneficiary of the Bank PHB sponsored Fulbright Scholarship Program of the U.S. Mission, Mr. Francis Nwosu, a Doctor of Philosophy (PHD) scholar with the Institute of Oceanography, University of Calabar.
Ogbogu, noted that the bank takes pride in the sponsorship of the Fulbright Scholarship Program because it will support the development of leaders in the country and contribute. “Your studies will benefit the country and help build capacity for the nation,” he noted.
Mr. Francis Nwosu is proceeding to the South Florida University in the United States of America to undertake a study concerning the preservation of the nation’s mangrove forests.
Speaking on the study, Francis Nwosu says the study will enable him identify and map out the nation’s essential mangrove forest regions, which predominates the Niger Delta as well as create strategies to preserve them for future generations.
Nwosu expressed his gratitude to Bank PHB for sponsoring the Fulbright Scholarship, saying it has renewed his faith in the country, noting that without investment in the human capacity of any nation, no nation can effectively address the challenges of development.
The U.S. Mission, according to a statement by the bank, made available to Vanguard, is a key partner with Bank PHB on education and community development projects, adding that the bank’s partnership with the U.S. Mission began in 2007 with its sponsorship of a democracy promotion workshop conducted for journalists in Lagos and Abuja with specific attention to the reporting of the then upcoming presidential and governorship elections.
It noted that it took the relationship a step further, as both institutions entered into a partnership on the Fulbright Scholarship Program.
It disclosed that the Fulbright Scholarship is the U.S. government’s most prestigious scholarship scheme, a brainchild of Senator Fulbright with the purpose of promoting world understanding by enabling U.S. scholars to study overseas and vice versa, noting that with the signing up of the Fulbright sponsorship, Bank PHB became the first ever Nigerian company to partner with the U.S. Mission on the Fulbright scholarship.
In July 2009, the bank and the U.S. Mission signed an MOU to extend the partnership for another 4 years.
Earlier beneficiaries of the Bank PHB sponsored Fulbright Scholarship are   Dr. Abubakar Momoh of Lagos State University who went to University of California in Los Angeles to study conflict resolution and Dr. Nuhu Gworgwor of University of Maiduguri who went to study food preservation at Oregon State University.


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