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Diamond Bank, Samsung, Softcom partner to pump $100 million to fund technology education in Nigeria

First Bank Nigeria

Diamond Bank, Samsung Electronics and Softcom Limited have secured a partnership to provide a special 100 million US Dollars Technology Intervention Fund for Education. This partnership comes to be as the three organizations, who are also sponsors of the Future Ready University conference which will be hosted by Covenant University on the 10th and 11th of June 2015, strive to replicate the success achieved in Covenant University into 40 other Nigerian universities.

The Memorandum of Understanding, which was signed at a press conference announcing the Future Ready University conference, seals the strategic partnership between Samsung Electronics, Diamond Bank Plc and Softcom which will enable other Nigerian universities replicate the mobile learning program which already is operational in Covenant University. The 100million U.S Dollar technology intervention fund, will allow the interested universities to easily procure the solutions and secure fast track bulk financing from Diamond Bank.

dia 1Speaking at the press conference, Mr. Uzoma Dozie, Managing Director/CEO, Diamond Bank Plc said the mobile learning program is the future of education which has successfully been kick-started in Covenant University. “Diamond Bank is investing in this program as we realize and appreciate this initiative as the future of classroom learning which fits into our strategic roadmap as a leading financial institution. We invite interested universities who want to positively change the face of learning within their campuses to use this as an opportunity to create a better and more sustainable learning environment for their students”.

While delivering his address, Brovo Kim, Managing Director, Samsung Electronics West Africa said “Samsung is committed to consistent innovation and technological development especially in the area of education. Classroom learning has taken a new shape over the past years and right now, we are convinced that this remarkable project will help students to have a better grasp of what is being taught in the classroom, help teachers to 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”.

dia 2According to Yomi Adedeji, Managing Partner, Softcom, our objective was to extend the classroom in a social manner without altering the behaviour of the Student. Today we have achieved that for Covenant University and working with Samsung and Diamond bank we want to extend it to every Nigerian University. Technology is driving every aspect of our lives and its the quickest way to close the huge gap in our educational system. At the Future Ready University conference we will unveil new methodologies that will heal tertiary institutions advance quickly using Technology.

The Future Ready University conference hosted by Covenant University in Partnership with Softcom, Samsung Electronics and Diamond Bank is expected to have in attendance over 150 key decision makers from 50 invited private and public universities across Nigeria. According to Professor C.K. Ayo, The Vice Chancellor of covenant university, “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 in this new way of learning. Our partnership with Softcom and Samsung has helped us achieve our Social learning dream.


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