Business a.m.

Leadway, Slum2Schoo­l Africa in CSR education initiative for indigent kids

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LEADWAY ASSURANCE COMPANY LIMITED, one of Nigeria’s largest insurers, has teamed up with Slum2Schoo­l Africa, a renowned non-government­al organisati­on, to provide free and quality education to indigent children living in slums and remote communitie­s in Nigeria.

The initiative, which aligns with the global quest to help the United Nations realise its Sustainabl­e Developmen­t Goals (SDGs) for Quality Education, represents Leadway’s commitment to promoting quality education in line with United Nations SDGs.

The companies, in a joint statement, said the support initiative will include equipping the child with critical skills through emotional intelligen­ce training, mentorship sessions, and extracurri­cular activities, adding that the scheme has enhanced the provision of wellrounde­d and multi-dimensiona­l education to primary school students in selected slums within Lagos State for an academic session, where 50 students living in slums and remote communitie­s have received educationa­l support, covering tuition fees,

Patience Ugboajah, chief customer officer at Allianz Nigeria, explained: “At Allianz Nigeria, we are focused on creating simple intuitive products that solve real problems that are unique to our market. We wanted to provide a very flexible product that is affordable to the everyday Nigerian, regardless school kits, and education materials worth N2.5 million. Olusakin Labeodan, group chief marketing officer, Leadway Holdings, commenting on the initiative, said the partnershi­p is in consonance with Leadway’s overarchin­g organisati­onal objective to constantly create value and enhance the standard of living conditions of people within and outside the communitie­s in which it operates.

“As a forward-thinking and value-creating organisati­on, Leadway is dedicated to consistent­ly improving lives and advancing social impact in our communitie­s, particular­ly in underserve­d areas. This commitment has driven the organisati­on to partner with like-minded organisati­ons to collective­ly actualise these objectives, leading to a more sustainabl­e future for our children. So, we are deliberate about helping children in these communitie­s gain access to quality education as a means to socio-economic emancipati­on,” said Labeodan.

He added that Leadway is a socially responsibl­e organisati­on, and that it understand­s that positively impacting the education of young Nigerians is also a guaranteed inof their income level.”

Ugboajah further explained the fantastic feature of this family-oriented plan to be the allowance of multiple payouts and the continuati­on of the policy after the demise of the policyhold­er. The family can continue the premium payments and stay covered in the event of vestment in the country’s collective economic growth.

“By way of exemplifyi­ng this philosophy, employees of Leadway will be actively involved as volunteers to provide mentorship to the students and support for the initiative. Through this involvemen­t, the partnershi­p extends beyond providing access to quality education to positively influencin­g the future of Nigerian children, as it is no cliché that the young ones of today are indeed the building blocks of tomorrow’s leadership,” he concluded. Also, Otto Orondaam, founder, Slum2Schoo­l Africa, in his comments on the strategic partnershi­p, affirmed that the drive to accelerate the reduction of out-of-school children living in hard-to-reach communitie­s across Africa through the provision of equal access to quality education can be achieved through the contributi­ons of individual­s and organisati­ons who are not only socially responsibl­e but also interested in achieving impact. “Leadway has demonstrat­ed that providing quality education to even the most vulnerable is central to their social concerns, and we value the impact of this partnershi­p,” he said. future loss. She said the customer is free to choose the payment frequency (monthly, quarterly, annually, or single premium) of a lumped premium for all the covered family members.

According to Allianz, this family product provides life cover for the ‘main life’ (policyhold­er), a

THE FUEL RETAIL ERS ASSOCIATIO­N IN SOUTH Africa has proposed scrapping the country’s Road Accident Fund (RAF) in favour of a mandatory insurance scheme.

The proposal was one of several made to parliament as the government considers its options to reduce record-high petrol prices, according to a monitored report.

The Associatio­n, which represents the country’s fuel service station owners, argues that the mandatory motor insurance scheme could charge a flat fee – not linked to the petrol pump price.

South Africa’s Road Accident Fund offers protection to road accident victims, with money raised primarily from a levy attached to

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