By Audrey Lotchukwu
THUR, 26 NOV, 2020-theGBJournal- “We understand the major role quality education plays in laying a good foundation towards building future leaders’’ says Charles Omoera, CEO, Stanbic IBTC Trustees while highlighting the firm’s Education Trust (SET) scheme, an investment plan with long term benefits, designed to support parents and guardians as they strive to provide quality education for their children and wards.
‘’That is why at Stanbic IBTC, we encourage parents and guardians to properly plan and invest in educational trusts like SET to avoid occurrences that might bring their children or wards’ education to a halt,” he said.
The investment plan also enables parents and guardians to nominate SET as a beneficiary for their insurance policies as this can help cushion the effect of a parent or guardian’s death or permanent disability on the education of the child or ward.
According to Omoera, an education trust helps smoothen the rough financial edges when adverse circumstances occur and makes the attainment of family goals and aspirations seamless to achieve.
‘’One unique benefit of SET is that payments are effected directly to the institution of learning thereby ensuring there are no diversion of funds.’’
He added that parents owe their children and wards quality education to help them unlock the unique opportunities that quality education offers.
“With smart investments, attaining a great future is more achievable for our child. Whether it is primary, secondary, tertiary or post-graduate education, parents and guardians now have an opportunity to make contributions towards funding the education of their children and wards.”
The scheme was born as part of Stanbic IBTC Trustee’s quest to foster educational development and it’s understanding of the importance of quality education on individuals and the country’s economic growth.
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