As private schools across Nigeria prepare for the 2026/2027 academic session, many proprietors are looking for financing solutions to meet rising operational costs, upgrade facilities and accommodate growing enrolment.
Beyond classroom preparation, schools may need to purchase furniture and learning materials, replace computers, repair school buses, recruit teachers, settle operating expenses or fund new infrastructure. The timing of these expenses can also create cash-flow pressures because school fees are often collected at specific periods.
Fidelity Bank’s EduLoan is designed to support eligible institutions with financing for working capital, infrastructure development and the acquisition of educational resources.
The facility is available as a short-term loan or overdraft, with repayment structures aligned with school fee collection cycles, subject to applicable terms and credit assessment.
Eligible schools can use the financing for needs including classroom renovations, furniture, teaching materials, computers, school buses, books, uniforms, generators, salaries, operating expenses and facility expansion.
Fidelity Bank said the solution is part of its broader commitment to supporting the education sector and helping schools manage their financial needs while pursuing sustainable growth.
The bank also provides digital banking and other financial solutions aimed at helping school proprietors improve collections, manage cash flow and maintain effective financial records.
With the new academic session underway, the bank said school owners who plan ahead, maintain proper records and adopt suitable financing structures can better position their institutions for growth and improved service delivery.