Education as a process of acquiring knowledge, values, or skills, is compulsory for every human being at every level, starting from infant to old age. The very day one stops learning, such a person starts dying.

Conventional education in Nigeria, especially at the basic and tertiary level is a pain in the heart of Nigerians, not the parent of this ward alone. Dilapidated building facilities, outdated teachers, and instructional materials, the poor learning atmosphere amongst others. Though with exception to privately own or managed basic and secondary educational system.

Lecturers have been at loggerhead with the government for months now and students are tired of staying at home.
I will not comment on the nuisance that this is creating in our society because this note is a positive outlook on how the educational system can be salvaged and a saner society is created.

If the banks can start establishing schools and recruiting teachers, I am sure, we can have the climate in the banking sector been replicated in the schools because most of these banks have training facilities for their staff, and this has given them the opportunity to be top-notch in discharging their duties and bringing in more profits to the banks.

Banks are expert at managing income and maximizing profits, if they are giving the privilege to establish and manage basic and secondary arm of the education sector in Nigeria, I am sure of a sound technology-driven economy in the nearest future. If this could work, it can be extended to the tertiary level without unnecessary control or stipulations from the federal government, thereby reducing the number of out-of-school children and adults, interested in furthering their education at the tertiary level.

Considering the following advantages to students, banks, job seekers, and the government. Also, let’s note that the bank would not spend their money to establish or build these schools. Imagine a bank deducting N5 from 5 million or more people’s account, once in a month for three months with the consent of the account holder, that would be massive and I know parent would agree to such a move.

I and many others would happily consent to it and more, either or not my children would be privileged to attend any nearest one to us, and that would give me the opportunity to support an out of school child to go back to school if he/she is interested.

Advantages to parent
1. Parent, who is an account holder will have an ownership mentality of the school and would be willing to send their wards to such affordable schools
2. Poor parent can easily bring their ward to school without any financial restriction as long as they have a BVN attached to their account.
3. The burden of excessive-high tuition in private schools would be reduced.

Advantages to Student
1. Children who are interested in education can go to any of these schools closest to them and enroll with or without their parent consent, provided they have a BVN and pay their tuition fee when they start working and banking.
2. Up-to-date educational system in a conducive learning atmosphere.
3. Out of school children can go back to school, easier and better.
4. Children’s skills would be harness early.
5. There would opportunities for scholarships for the best students during the bank CSR or job drive.
6. Potential job opportunities for students to work in private establishments.

Advantages to jobs seekers
1. Parents of these children who are trained teachers would be employed and trained.
2. Artisans-customers who have contributed to this project would be given the opportunity to earn during the building of these schools.
3. Suppliers/Vendors who are customers/Contributors can also have the opportunity to do business.
4. Other daily workers, such as cleaner, watchmen, kitchen attendants can be employed, either to be paid workers or vendors on the school premises.

Advantages to the bank.
1. There could be a sudden increase in their customer base because happy customers would bank with the bank that makes them happy.
2. There would be an opportunity for a future increase in the customer base, because, every student is a potential customer in the future.
3. The bank would have the opportunity to have the best hands in their employment (staff base) because their eagle eyes should be on the best students across the school for nurturing and employment.
4. No loss to them because they did not finance the school but profit as the parent pay for tuition to manage either now or later and philanthropist supporting the project from all walks of life.
5. This is a free advert for the bank and improved brand awareness, thereby cutting the cost of the advertisement.
6. Parent can conveniently save their money in such a bank and be a happy customer.

Advantages to the government
1. The burden of quality education at the basic and secondary level is partially taking off the government’s shoulder.
2. Government can support and monitor when necessary, though, the private business sector always do a good job without the government’s intervention.
3. Unemployment, especially for teachers would be reduced.
4. Government would be happy, the bank is happy, and the people are happy, birthing a happy educative nation.

Would there be glitches along the line? Yes, there would certainly be some disadvantages, clog in the wheel of progress and such disadvantages are follows amongst others with possible solutions.

1. Expensive tuition fees.
Banks or/and any private investors are capitalist, thereby their goal is to make a profit, but in this case, the bank is not the investor but they are to establish and manage the school from the money invested by the people (investor) with integrity. It is for the good of the nation, so in such a case, the school fees should be affordable, for example, ten thousand Naira or less per annum, not cheap because education is not cheap.
2. Parent defaulting.
This can be controlled with the aid of the integrated BVN in all banks in Nigeria. The school fees can be deducted from the account of parents either through cheap loans or accounts. So a parent can not abandon a payment and if the child is no more in the school, there will be a formal way to do that.
3. How can students without parent pay?
Their fees can be paid through charity, NGOs coming to take up the tuition fees of such students, or the student schooling on loan and would start payment if they are employed by the banks or other establishment in the country as seen in developing countries.
4. There would always be bad debt, such should be minimized and/or let go.

Kindly please let me know what you think in the comment.

Great thinking, great idea.

Nice idea � but no bank � will implement this, bank owners are more like predators, they are interested in making profit always, and the above idea is bad for profit making on the long run.
Except they want to build quality school for the rich men. Meanwhile School business is saturated so why invest in it?

Churches and mosque ⛪ will be the best to replace banks in this scenario, they have the fund, they should have the altruism also.

My honest opinion though.
Criticisms are welcome.

Just because they are good with money doesn't mean that they can run schools.

Wetin concern Overworking staff and maximising profit through deals and interests with education of the mind through structured learning
It's like asking doctors to manage mechanic village just because they manage hospitals well