NSE Donates School to Help IDPs in Borno

Commissioning IDP School in Borno

Education is one of the key foundational elements to building a peaceful and sustainable society- Oscar N. Onyema.

The Nigerian Stock Exchange  donated a school to the Borno State Government as part of its Corporate Social Responsibility (CSR) programme, to help Internally Displaced Persons (IDPs). This was announced last week at the commissioning ceremony of the project in Maiduguri, Borno state.

The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri, comprises two blocks of nine classrooms that will accommodate 330 students and an administrative block, housing the staff room, sick bay, security room and restrooms.

Speaking at the event held on Wednesday in Maiduguri, Borno State, Mr. Oscar N. Onyema, OON, Chief Executive Officer, NSE, stated that the Exchange is committed to providing quality education and improving the financial literacy of the communities it serves. “Education is one of the key foundational elements to building a peaceful and sustainable society. The donation of the Maisandari Alamderi Model Nursery and Primary School aligns with commitment to providing an inclusive, safe and positive teaching and learning environment, and we are pleased that this gift will support the educational system in the state to mold the next generation of leaders”.  

The Governor of Borno State, Alhaji Kashim Shettima, commended The Nigerian Stock Exchange for complementing government efforts in the delivery of robust and quality education in the state. “It is very heart-warming to have NSE make such a significant contribution of providing physical infrastructure and human resources for the newly built school we are commissioning today.  With this gesture, The Exchange is addressing the challenge of providing a conducive learning environment which forms the bedrock of qualitative education. We are indeed grateful and we hope that this partnership continues for the long term”.

The Nigerian Stock Exchange undertook this project in support of the recovery effort articulated in the Recovery and Peace Building Assessment (RPBA) Report for North-East Nigeria, by the Federal Government of Nigeria, North-East State Government, the European Union (EU), the United Nations (UN) and the World Bank (WB) which highlights education as one of the strategic areas requiring urgent attention.  

The school will be managed by Bridge International Academies, a renowned global educational firm that specializes in providing robust technology driven education system to low income households in developing economies. Other partners for the school intervention programme are Central Securities Clearing System (CSCS) Plc, Oando Foundation, AXAMansard Insurance Plc and MTN Foundation.