Education is a monumental tool for both Economic, social and political development of any given country. Education at the primary, secondary and particularly at tertiary level is assumed to be the way to social esteem, better paying jobs, expand life options and intellectual stimulations. As the most populous African country and the seventh most populous country in the world, United Nations anticipates that Nigeria will become the third largest country in the world by 2050 with 399 million people.
But, due to the prevailing economic realities, the accessibility, cost, affordability and financing of education at all levels in Nigeria has garnered growing concerns. The number of out-of-school children has increased from 10.5 million to 18.5 million in 2022, with the average cost of public universities in Nigeria at $125-$500 per year, the average cost of private institutions at $2,700 annually and an average annual tertiary education dropout rate of 18% - affording and financing education have become fundamental challenges for the in Nigeria. With PressPayNg, every Nigerian will be financially empowered to commence and complete primary, secondary and tertiary education without having to dropout or defer admission.
The PressPayNg App offers education savings, education loans, school fees crowd-funding through public donations, free soft skill training, scholarships, holiday jobs, education insurance and health maintenance for students in tertiary institutions in Nigeria. This is a silver-bullet solution that will significantly flatten the curve of education dropout and out-of-school rates in Nigeria, increase the annual education enrolment rate at the primary, secondary and tertiary levels, help the institutions generate more revenue, address infrastructural deficits in our institutions and ultimately advance the human capital development index in Nigeria.
