UBA raises stake in youth empowerment initiative
United Bank for Africa has pledged its commitment to youth empowerment, even as the bank has expended over N15million in facilitating essay competition initiative.
Speaking at the unveiling of the finalists in the National Essay Competition, the Group Managing Director, Kennedy Uzoka, said the bank has embarked on several programmes aimed at empowering youths and giving back to the community.
He stressed the need for a social contract among Nigerian banks, the community and the people, noting that the bank is poised to being socially responsible, and a role model for all businesses in Africa.
Furthermore, he urged the private sector to partner with government to fast-track socio economic development in the country.
He said: “UBA Foundation is our CSR arm; it is a foundation that is focused on education, environment, and youth empowerment because we want to distinguish ourselves to make sure that every community we operate in beyond doing our banking services we’re given back to the community. Hence you see a lot of our activities across Africa in developing the communities and empowering individuals, taking youths out of the street and engaging them.
“We have seen how things have changed dramatically; we cannot leave everything in the hands of the government. So we as private people must collaborate with government to raise the standard of education by encouraging them through initiatives like this. When they see that education is being paid for, they will study harder.”
On the essay competition, Uzoka said: “This session, we had over 1,000 entries across the country, and it is important to note that it does not happen only in Nigeria. We have also launched it in most of the African countries, but the plan is that in any country we operate in, we would have this initiative done. We had over 1000 entries and 12 were selected for the finals.
“Out of the 12, one person emerged the over all winner. And we will be sponsoring the person through university education any where in the continent with a grant of N1million per annum.”
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