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Wisdom House partners Africunia, O-Mobile on higher education loan

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By Dayo Adesulu

Nigerian students wishing to study in foreign countries have been given a boost as a new education finance scheme has been introduced into the country by Wisdom House College, Africunia Limited and O-Mobile Multimedia Services Limited.

Wisdom House is a sixth form and university preparatory college, while O-mobile is a technology and finance firm.

Under the scheme, a credit facility of maximum one million naira (N1m) will be available to students who wish to study abroad through advanced level and university preparation programmes of Wisdom House College.

According to the Executive Director of Wisdom House College, Mr. Abidemi Oyeniran, the idea behind the scheme is to open up access to more Nigerian students who intend studying abroad but have temporal financial challenges to overcome such difficulties and thereby fulfill their dreams. He explained that under the scheme, O-Mobile would provide access to finance and Computer Based Test Centres across Nigeria where students can register for the loan and also undergo the overseas preparatory training.

He pointed out that the advantage the new system would offer students is that anyone seeking higher education abroad can access Wisdom House’s programmes without necessarily coming to its facilities located in Lagos. He explained that several Computed Based Test centres had already signed on to the scheme which will be unveiled in the coming weeks.

O-Mobile, he explained, had partnered with Computer Based Test centres across the country for the registration and pre resumption training. The, training, he explained, would cover foreign language and culture of the country where the student intends to study and also address gaps or weaknesses in academic knowledge.

Africunia, a digital technology company, provides the Blockchain-powered electronic wallet for managing the credit facility.

Chief Executive Officer, O-Mobile Limited, Mr. Benjamin Aduli, said the credit facility for higher education is one of the areas that its recent grant of $10m by So. Sui. Ben Foundation of Switzerland is being deployed. He stated that

“The time has come for educational financial assistance to be available to Nigerians as it is in other countries. We are out to make our little contribution to education development through this scheme,” Aduli said.

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