The FirstBank Endowment programme was instituted in 1994. It is designed to fund research projects in federal universities, selected around the six geographical regions of the country.
The objectives include
- To enhance the overall academic excellence through research
- To complement the Federal Government’s efforts in the development and advancement of tertiary education in Nigeria.
- To strengthen the Bank’s corporate responsibility & sustainability strategic approach through its Education strategic pillar
- To contribute to the building and reinforcement of the First Bank brand value proposition
The FirstBank Endowment programme is designed to be permanently restricted. This means that the seed funds or principal sum established in different schools must be held in perpetuity and cannot be spent but should be aimed at generating income to fund the different projects and meet the objectives.
To efficiently actualize the objectives, the programme is governed by a board of trustees in each school consisting of a Chairman who is Vice Chancellor; members from the various universities and the Bank. The programme is structured to provide an annual research grant; annual public presentation of research findings; and annual award for the three best graduating students in the particular field of focus. The programme is most active in Federal University of Technology (FUTA) where it has consistently continued its commitment to the goal of meritorious contribution to knowledge through research activities in the communication and technology sector.
Endowment programme & focus areas
|1||Abubakar Tafawa Balewa||Engineering Technology|
|2||Samuel Asabia – University of Lagos||Business Ethics|
|3||Federal University of Technology, Akure||Computer Science|
|4||Nnamdi Azikiwe University||Banking and Finance|
|5||University of Agriculture, Makurdi||Agronomy|
|6||University of Benin||Computer Science|
|7||University of Maiduguri||Water Resources Engineering|
|8||University of Uyo||Petroleum Engineering|
|9||Usman Dan Fodio University, Sokoto||Veterinary Medicine|
|10||Bayero University Kano||Pediatrics|