Proconnect, a global financial services company focused on education and mobility solutions, is investing in global education to help improve Nigeria’s economy. At a news conference in Lagos titled “Investing in Global Education Aspirations of your professional members as a vehicle for National Economic Development,” the organization shared how Nigerians can access international loans to study abroad.
Elda David, Proconnect’s Global CEO, explained that they help Nigerians get loans and scholarships in 17 countries. For those who cannot secure scholarships, Proconnect offers non-collateral loans of up to $100,000 for graduates with a Higher National Diploma (HND) or Bachelor’s degree (BSc). These loans are available to students who want to pursue a Master’s degree (MSc) or MBA program.
The key benefit of these loans is that applicants do not need to provide collateral or a guarantor. The loans are offered to candidates up to 40 years old, and they must have work experience. Repayment of the loan begins after graduation and can take between 10 to 20 years, with interest rates ranging from 10% to 16%.
David emphasized that Proconnect does not promote mass migration but instead encourages “purposeful migration.” This means students are expected to return to Nigeria after completing their studies abroad to contribute to the country’s economy. Proconnect wants graduates to use their new skills to launch startups, open businesses, or work in Nigeria.
He explained that Proconnect believes that by pursuing education abroad and then returning to Nigeria, individuals can help grow the country’s economy. These students can bring back new knowledge and ideas that will benefit the nation.
David also stressed that global education is not only about personal growth but also about having a positive impact on remittances sent back to Nigeria. When students return home, they contribute to the nation’s progress by sharing what they have learned.
Proconnect aims to make global education easier for Nigerians and encourages students to use the opportunities to better themselves and their country.
