FoodCo Nigeria limited has announced the first batch of beneficiaries of the Adegbenga Sun-Basorun scholarship scheme for indigent secondary school students in Ibadan, Oyo State.
The scholarship, aimed at promoting the legacy of the late philanthropist and chairman of the company, Dr. Adegbenga Sun-Basorun, will cover tuition from junior secondary school 2 until graduation for 1000 students.
Speaking at a ceremony to unveil the first batch of 50 recipients, Executive Director of the company, Ade Sun-Basorun, said the late founder was passionate about assisting the less-privileged, especially children; and that the scheme will provide a platform for indigent students to actualise their educational aspirations as well as help reduce the burden of out-of-school children in Oyo State.
He said: "We are delighted to unveil the first set of beneficiaries of the Adegbenga Sun-Basorun scholarship scheme. The scholarship was thrown open to indigent students from secondary schools located around the eight FoodCo outlets in Ibadan. After a thorough examination and screening process, we are pleased to announce the 50 students selected as the first set of recipients of the award.
"While FoodCo is involved in several community partnership initiatives within our host communities, this project is particularly dear to us because it offers a pathway for young, bright minds to actualise their academic desires and make something positive from their lives, thereby, immortalising the ideals of our founding chairman."
An official of the Universal Basic Education Commission (UBEC), Olanike Adam, lauded FoodCo for the Scholarship initiative, noting that it was a demonstration of the company's commitment to the commission's charge that education should be the responsibility of all.
Similarly, a representative of the Oyo State Universal Basic Education Board, (SUBEB), Ngozi Akinde commended FoodCo for instituting the scheme and called on other corporate bodies to emulate the company while urging parents, guardian and the participating schools to ensure that the students maximise the opportunity that the scholarship provides.
Beneficiaries of the maiden scholarship scheme were drawn from government-owned secondary schools within Ibadan, including Oba Akinyele Memorial High School, Queen's School, Government College and TL Oyesina Model Secondary School.
Others include Community High School, Alegongo; Methodist Secondary School and Urban Day Secondary.
FoodCo is a diversified consumer goods company based in Ibadan, Oyo State with interests in retail, fast food and manufacturing.