Through the initiative, the Bank is providing students in remote parts of the country with bicycles to reduce the time and energy in getting to school whilst helping to boost their attendance and focus on academics.
In a statement on Sunday night, the bank said: “One of the biggest barriers to education for millions of children in Nigeria’s rural communities is often the physical act of getting to school, which could be as far as 10 kilometres away from home.
“The challenge of covering such distance twice every day on foot, coupled with the responsibility of doing chores in the morning, significantly curtails school attendance rate, increases the chances of students dropping out, and hampers academic performance.”
It said by providing them with bicycles, it aims to empower the children most affected by these challenges to beat the distance, not just to school but between their present realities and immense potential.
Jerry Hannatu, a student of Government Technical Training School, Jalingo, is one of the first beneficiaries of the initiative.
Before receiving the bicycle from GTBank, he had to trek for an hour and a half to get to school.
Now, his 10-kilometre journey to school takes him about a quarter of that time.
Jerry and other beneficiaries like him will now be able to spend less time travelling to school and more time in the classroom improving their academic performance and attaining the skills and knowledge to reach their full potential.
Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, Mr Segun Agbaje, said: “Children are our greatest hope for a better future and it is our duty to ensure that every child has access to quality education regardless of their socioeconomic background or geographic location.
“As an institution that is passionate about empowering young people to reach their full potential, this initiative reflects our commitment to building a society where distance is no longer a barrier to education for any child, and in every community.”
He added: “At GTBank, we will continue to leverage our unique capabilities and broad networks to help people and communities thrive.
“Whether we are intervening in public education, investing in underserved communities, promoting the Arts or working to protect the environment, we are constantly looking for creative and impactful ways to touch lives and give back to society.”