The Managing Director of LAPO Microfinance Bank, Mrs. Cynthia Ikponwosa, on Saturday, said LAPO has invested N656,486,900, benefiting 4,114 young Nigerians since inception as part of the firm’s dedication to education and empowerment , stressing is the foundation for holistic societal development.
Speaking during the 16th Edition of the LAPO Scholarship scheme, Ikponwosa said the event celebrates academic excellence and highlights the transformative role of education in alleviating poverty and fostering a sustainable development.
Expressing optimism that more Nigerians can benefit in the scholarship empowerment programme, the Managing Director of LAPO Microfinance Bank said LAPO has invested N656,486,900, benefiting 4,114 young Nigerians.
According to her, these figures represent real lives uplifted, reflecting it steadfast commitment to empowering undeserved populations and promoting economic opportunities through education.
She emphasized that a key component of the Bank’s scholarship and Skills Acquisition Scheme, launched 16 years ago, is targeted at providing LAPO customers children with access to quality education.
“Today, many beneficiaries have graduated and are making significant contributions across various sectors. To further enhance the programmers’ value, the LAPO Scholarship Tertiary Alumni Forum connects graduates’ beneficiaries, enabling them to mentor current students of the scheme and maintain strong ties with the LAPO community.
“This network fosters leadership, community engagement, and professional growth among alumni while amplifying the programme’s impact. ” Ikponwosa said.
Ikponwosa said that LAPO remains committed to financial inclusion, with particular focus on women’s empowerment adding that it services addresses barriers faced by women entrepreneurs, artisans and small business owners with a view to enabling them to transform their lives, grow their businesses and uplift their families.
“This milestone would not have been possible without the dedication of the Scholarship Board led by Professor Christiana Okojie, our supportive partners, and the trust of the communities we serve. Together, we reaffirm our commitment to expanding this programme’s reach, ensuring that talents and determination define success, not circumstances. ” Ikponwosa said.