Stanbic IBTC provides N6.7bn facility for BAZE UTH

Stanbic IBTC Bank PLC has underscored its desire to help build robust education and health care systems in the country by providing funding for the building of BAZE University Private Teaching Hospital in Abuja.

At the commissioning of the teaching hospital, the Bank stated that the N6.7 billion facility provided to the university was a business decision that tied in with its commitment to help foster a robust educational sector and help build a sustainable health ecosystem that would enhance quality health services in the nation.

The 200-Bed private university teaching hospital building would help the institution produce world-class health professionals that would plug the manpower shortage in the sector as the hospital is set to provide approximately, 4,000 – 5,000 direct and indirect jobs.

According to the Bank, equally important is that the hospital would be a great addition to the health sector and help improve access to quality healthcare for thousands of Nigerians daily while also creating employment opportunities.

Stanbic IBTC also sponsored the BAZE University Cultural Day Ceremony, which formed part of the activities lined up to mark the institution’s 10th anniversary.

In an interview at the event, Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, stated that the Bank was delighted to have been allowed not to only finance the building of the private teaching hospital but also to be accorded the honour to sponsor part of the school’s activities to mark the celebration of a remarkable decade-long journey.

“At Stanbic IBTC, we believe that education and health are pivotal to sustainable economic development. As such, it is our corporate duty to support the sectors whichever way we can. We are delighted that this prestigious university took advantage of our facility as well as included us to be part of its private hospital commissioning and its 10th-anniversary celebrations. We hope it continues to strive to provide quality education and healthcare for Nigerians,” Sogunle said.

While delivering a speech at the ceremony, Professor Tahir Mamman, Vice-Chancellor of BAZE University, commended Stanbic IBTC for its contributions. According to the Vice-Chancellor, the kind support of Stanbic IBTC helped actualise the building of the hospital.

Mamman also thanked Stanbic IBTC for its contributions to making the anniversary ceremonies and commissioning of the hospital a success.

He added that such support would go a long way to enhance the well-being of the school and Nigeria in general.