PalmPay has partnered with the Lagos State Universal Basic Education Board (LASUBEB) to reward outstanding pupils in selected public schools across Lagos State. This initiative aims to promote academic excellence and encourage school retention among children.
Partnership Details
Under the partnership, high-performing pupils will receive scholarships, shopping vouchers, and branded school kits. These rewards are intended to support their educational needs and ease financial pressure on their families. The collaboration addresses Nigeria's out-of-school children crisis, where approximately 18.3 million school-age children are not in school, according to UNICEF.
Statements from PalmPay
Chika Nwosu, Managing Director of PalmPay, stated that recognizing exceptional students reinforces the value of education and motivates children to remain committed to learning. He emphasized that the initiative supports families struggling with education costs. "Recognizing and rewarding high-performing students goes beyond celebrating excellence. It reinforces the value of education, strengthens motivation, and supports families in keeping their children in school," Nwosu said.
Program Implementation
The program works directly with the public education system to ensure support reaches students where it is most impactful. By rewarding academic discipline and consistency, the initiative helps students see education as a pathway to greater opportunities and encourages parents to prioritize continuous learning.
Broader Impact
Industry observers note that private sector participation in basic education support is increasingly important as government and development agencies seek sustainable solutions to improve school retention and learning outcomes. The partnership aligns with PalmPay's corporate social responsibility agenda focused on economic and social inclusion. The fintech firm remains committed to reducing barriers for underserved families and creating opportunities for young Nigerians to thrive. Analysts highlight that increased collaboration between the private sector and public education institutions can significantly improve educational outcomes, strengthen human capital development, and prepare a future workforce capable of driving Nigeria's economic growth.
