By Agency Reporter

Abbey Building Society Plc has given a N650m loan to Baze University, Abuja, for funding education infrastructure.

According to a statement by Abbey on Tuesday, the alliance between Baze University and Abbey is meant to take advantage of the mortgage bank’s deep insight and knowledge in supporting educational institutions and initiatives.

The statement added that the bank, through its school accounts administration services, managed over 200 private schools and had committed a cumulative financing in excess of N2bn over the last five years towards nurturing the schools to international standards.

According to the founder and pro-Chancelor of the university, Hon. Datti Baba-Ahmed, Baze intends to provide such education at half the cost of sending a student abroad.

“Baze University recently got the approval of the National University Commission to provide British standard university education,” he added.

Also, Abbey recently signed a $15m deal with FMO, a Dutch financial firm for the construction of Phase III of the Agbara Estate, Ogun State.

Source: Punch