BoI, CloudNotte task educators on strategic funding
The Bank of Industry (BoI) Limited has called on school owners to embrace its robust plan to support schools across Nigeria with patient, innovative, and accessible financing.
The BoI Divisional Head, Medium Small Macro Enterprises (MSME) South-South, Mr Pacqueens Irabor, made the remark during a workshop, tagged “Educator’s Insight”, held in Port Harcourt, on Thursday.
Irabor said the bank’s plan was designed to drive national development and sustainable development goals (SDGs).
He said that the workshop was organised by the bank, in collaboration with Cloudnotte Limited.
He also said that the event had the National Association of Proprietors of Private Schools, with over 700 school owners and administrators in Rivers, in attendance.
He said that the programme aimed to train and empower school owners with digital knowledge, skills, and tools to access MSME funds to improve learning and teaching in the country.
Irabor said that the bank’s 2025-2027 Strategic Plan was focused on impact-driven development financing, structured around six priority themes under the acrostic D-MYGIC – Digital Economy, MSMEs, Youth and Skills, Gender, Infrastructure, Climate and Sustainability.
According to him, schools are uniquely positioned to help the bank achieve all the six focused areas of the strategic plan.
He introduced the project Education Around Sustainable Enterprises (EASE), a groundbreaking initiative, designed to transform schools from traditional learning centers into business-integrated environments, where students learn by doing.
“Project EASE proposes the integration of entrepreneurial ventures within school premises, such as digital hubs, agribusiness units, creative workshops, and clean energy labs.
“These ventures serve both as practical training platforms for students and additional revenue streams for school proprietors,” he said.
Irabor said that the bank was ready to provide financing to schools for the acquisition of productive capital, including digital systems and educational software, solar energy solutions and inverters, and assets for commercial ventures and skills hubs.
He said that the initiative was a strategic catalyst for achieving several UN SDGs, including SDG 4 – Quality Education, SDG 5 – Gender Equality, SDG 7 – Affordable and Clean Energy, SDG 8 – Decent Work and Economic Growth, SDG 9 – Industry, Innovation, and Infrastructure, and SDG 13 – Climate Action.
He listed the benefits of the initiative as hands-on exposure to real-world enterprises for students, access to affordable finance for school owners, new income streams from in-school enterprises, and improved learning outcomes for parents.
Also, the Chief Executive Officer, CloudNotte, an education technology company, Mary Matthew, said that the company understood the problems faced by school owners, including access to finance, and deemed it necessary to collaborate with BoI to provide funds to schools.
Matthew said that the company provides schools with technology and organises capacity building programmes for school owners, leaders, administrators, and decision makers.
She affirmed that CloudNotte’s goal was to position Nigerian schools on a greater pedestal, enabling them to confidently compete globally.
“We are committed to empowering educators with digital tools and innovation to facilitate access to quality and inclusive education for all learners in Africa,” she said.
Matthew advocated for equity education and called on the Federal and State Governments to invest more on education.
“Governments are trying but they need to do more. The private sectors are trying but when you look at the government schools there is much to be done.
“We call on the Federal and State Governments to step up.
“Government should empower schools and also ensure that they provide them with access to the basic amenities that they need in order to improve the delivery of education in Nigeria,” Matthew said.
She advised school owners to leverage the BoI School MSMEs Loans to grow smart schools.
She also urged them to prioritise spending that drives learning and enrollment, maintaining emergency funds and spending.
She advised school owners to use computer-based test (CBT) system for their exams to improve in external exams, such as Joint Admission Matriculation Board examination.
