Heritage Bank, FAMO Provide Succor for 300 Private School Teachers, SMEs

As part of efforts to cushion the effects of the COVID-19 on the education sector, Heritage Bank Plc in partnership with Honourable Fatima Mohammed (FAMO) Foundation has provided succor to over 300 affected private school teachers and small medium enterprises (SMEs).


The challenges posed by the COVID-19 pandemic have led to the shutdown of schools for months leaving the private school teachers without any means of livelihood and no source of income. To this effect, in alleviating the challenges, Heritage Bank and its partner supported over 300 private school teachers and small businesses with palliatives in 15 local governments, including five major markets in Ojokoro Local Council Development Area of Ifako Ijaiye, in Lagos State, weekend.


Speaking at the event, Mother Dan-Egwu, Group Head, Education, NGO & Faith Groups, Lagos Mainland Zone of the bank, stated that as an educational-friendly financial institution, Heritage Bank appreciates the socio-economic role the sector plays in the country. According to her, Heritage Bank deemed it necessary to partner FAMO to champion the corporate social responsibility of the bank in supporting private school teachers and small businesses out of hardship and the quagmire they have been plunged into nationwide by the pandemic. She explained that Heritage Bank and the Foundation seek to help the teachers in phases.


Dan-Egwu said that this first phase will comprise of 300 teachers who will get food items and cash worth ten thousand Naira (N10, 000) each. On the mode of selection adopted, she stated that FAMO selected the teachers based on the regions with the first phase comprising of 300 teachers and SMEs in the South West (Lagos). They would be assisted as the poorest of the poor were the main target through the help of the National Association of Private School Teachers (NAPST) to identify those teachers in direst need of the assistance. She, however, disclosed Heritage Bank’s strategy to providing basic palliative care to the educational system on resumption of academic activities in schools.


According to her, the bank has three areas of basic support in providing mentorship programme for schools, school portal and school health plan in partnership with Health Maintenance Organisations (HMOs). She further explained that support programmes churned out by the bank are designed to instil value and keep students focused on making the best of their lives through corporate models, help school authorities to manage operations and steer them into moving the educational system to the new digital era; where teachers can use technology in classroom management, administration, engagement with parents.


For the school health plan, Dan-Egwu hinted that Heritage Bank would help to provide a very affordable health plan to ensure that every member of the school community is covered medically, as this will reduce the anxiety amongst teachers, parents and school authorities. In her address, the Convener of FAMO, Honourable Mohammed, commended Heritage Bank for its bold steps in joining hand-in-hands to support the challenged private school teachers, SMEs sectors and the roles the bank plays in championing CSR in the country. Mohammed stated that the primary aim was basically to cushion the effect of poverty especially as it concerns the private school teachers.


“The private school teachers, because of the pandemic, haven’t been paid for six months and there are a lot of such cases around here. Ifako-Ijaye is the second largest LGA in Lagos State; therefore, it is time to reach out to the people. During the pandemic, we have reached out to them about two to three times. I reached out to Heritage Bank and they heard my voice just to partner with us with my palliative team just to cushion the effect,” she said. Meanwhile, for the SME owners, she further stated that additional plans have been agreed upon with the Agency Banking Unit of Heritage Bank to empower them to function as agents in this space.


She also commended Heritage Bank as a youth friendly bank for their numerous support to young Nigerians in helping to promote their businesses and dreams.


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Akinola George-Taylor, Managing Director of Heritage Bank Plc, and his Team, paid courtesy visit yesterday to the Governor of Lagos, Babajide Olusola Sanwo-Olu, at the State House, Alausa yesterday.

The Managing Director of Heritage Bank, Akinola George-Taylor has disclosed that the bank would continue to increase the wallet of its business transactions with Lagos state government.  

He gave this assurance yesterday when he led a team of the bank on a courtesy visit to the Governor, Babajide Sanwo-Olu at the government house, Alausa, Ikeja.

George-Taylor commended Sanwo-Olu’s administration, whilst aligning with the great works in Lagos State.

“We are here to introduce ourselves as the new management of the Heritage Bank and being that we have had a relationship with the state (Lagos) for a number of years now, we felt it was necessary to come and present ourselves to the Governor; to say thanks for the business that we enjoyed with the government and that we align and commend the great work he is doing for Lagos State.

“And of course, as bankers, we want to try and increase our own size of the wallet of the business that we do with the government and to extend our best wishes to him and his government. It was a courtesy call to say thank you and wish him well in the next coming elections,” he said.

Speaking earlier, the Governor, Sanwo-Olu said his administration was poised to do more as it continued to play its roles in providing an enabling environment, improving the ease of doing business and being forward-looking in its dealings with financial institutions.

The governor also said that his administration will continue to ensure a mutually beneficial relationship with financial institutions in the State.

He said: “Lagos is the Centre of Excellence and the commercial, economic nerve centre, so we cannot but ensure that we have a very forward-looking mutually beneficial relationship with all of our financial institutions and of course, Heritage Bank is not an exception.

“I want to implore you and your team to be intentional and think something fresh; think something different that can indeed stimulate us. You can rest assured that we know how important it is to spread our businesses and to ensure that everybody gets a part of it knowing that you and your staff will also have a corporate responsibility on the Personal Income Tax component. It is expected that we will continue to play our roles and play our parts.”

Governor Sanwo-Olu congratulated the Managing Director and his new team on the huge and great responsibilities that shareholders and other stakeholders in Heritage Bank have reposed in them,” he said.