Diamond Bank Partners Samsung, Others On $100m Tech Fund

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Diamond Bank Plc has signed a Memorandum of Understanding (MoU) with technology giant, Samsung Electronics and Softcom Limited to provide a $100 million special Technology Intervention Fund. The fund, which aims at increasing technology adoption among universities in Nigeria, targets the educational sector.

This development is on the heels of the maiden edition of the Future Ready University Conference which will be hosted by Covenant University on the 10th and 11th of June.

The Future Ready University Conference is an annual technology for education event focused on showcasing to executives from 50 selected universities, a technology journey towards creating and managing a future ready university. It seeks to replicate the mobile learning program, already operational in Covenant University, to 40 Nigerian universities by giving them easy access to procuring the solution with fast- bulk financing from Diamond Bank.

The mobile learning programme is a revolutionary portable mobile device bundled with EduSocial apps that allows students access to course materials, lecture notes, case studies and university libraries on the go. It also includes Samsung Knox for central management and policy enforcement in schools.

Speaking at a press briefing to announce the MoU, Uzoma Dozie, Group Managing Director/CEO, Diamond Bank Plc, said the Future Ready University program is a strategic initiative between Diamond Bank, Samsung Electronics and Softcom designed to promote technology adoption among universities, improve learning experience and boost the overall academic outcome of students in Nigeria.

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