Education Endowment Programme
Education Endowment Programme
The FirstBank Endowment programme was instituted in 1994. It is designed to fund research projects in federal universities, across the six geopolitical zones of the country.
Designed for Institutions
The FirstBank Endowment programme was instituted in 1994. It is designed to fund research projects in federal universities, selected around across the six geographical regions of the country.
The objectives include
• To enhance the overall academic excellence through research.
• To complement the Federal Government’s efforts in the development and advancement of tertiary education in Nigeria.
• To strengthen the Bank’s corporate responsibility & sustainability approach through its Education strategic pillar.
• To contribute to the building and reinforcement of the First Bank brand value proposition.
The FirstBank Endowment programme is designed to be permanently restricted. This means that the seed funds or principal sum established in different schools must be held in perpetuity and cannot be spent but are used to generating income to fund the different projects and meet the objectives.
To efficiently achieve the objectives, the programme is governed by a board of trustees in each school consisting ofthe Vice Chancellor as Chairman, alongside representatives of the university and the Bank. The programme is structured to provide an annual research grant; annual public presentation of research findings; and awards for the three best graduating studentsin the particular field of focus. The programme is most active at the Federal University of Technology (FUTA) where it has consistently continued its commitment to advancing knowledge through research activities in the communications and technology sectors.
Endowment Programme and Focus Areas
| S/N | University | Focus Area |
|---|---|---|
| 1 | Abubakar Tafawa Balewa University | Engineering Technology |
| 2 | Samuel Asabia – University of Lagos | Business Ethics |
| 3 | Federal University of Technology, Akure | Computer Science |
| 4 | Nnamdi Azikiwe University | Banking and Finance |
| 5 | Federal University of Agriculture, Makurdi | Agronomy |
| 6 | University of Benin | Computer Science |
| 7 | University of Maiduguri | Water Resources Engineering |
| 8 | University of Uyo | Petroleum Engineering |
| 9 | Usman Dan Fodio University, Sokoto | Veterinary Medicine |
| 10 | Bayero University, Kano | Paediatrics |