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How Much Does It Costs To Raise A Child In Nigeria For Parents Who Care? - Nairaland / General - Nairaland

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How Much Does It Costs To Raise A Child In Nigeria For Parents Who Care? by cyntaenese: 9:01pm On Mar 26, 2023
The cost of education is at its highest now more than ever even in Nigeria today where a lot of measures have been tactically put in place to aid and raise the standard of education and level of literacy per individual. Nowadays, parents borrow money to pay for their kids' education, particularly for college degrees. It doesn't indicate that education is still as important as it once was, particularly in Nigeria today.

According to the Commission of Investigation into the Education System of Nigeria Report from 2000, the average annual cost of attending school in Nigeria for families is roughly 50% of the overall cost, including other indirect charges. Poor families who are unable to pay the required school fees in accordance with the government fees guidelines and the additional fees that are not covered are heavily burdened by this. GoK (2004) claims that wearing a uniform makes every student an equal. As a result, individuals who cannot afford it should not feel inferior to or excluded from society. Their participation is impacted, and some students decide to withdraw.

The Enterprise Solution

Enterprise Life, the leading life assurance company in Anglo West Africa with a strategic partnership with Prudential Financial Incorporated of the USA has come up with an ADVANTAGE for Nigerian parents who have shown great care for the education of their children. This Solution is the "CHILD EDUCARE PLA"

The Solution intents to help parents set some funds aside to cater for the educational expenses of their wards which provides both a target savings, investment component and life assurance benefits.

Parents can set aside as low as N5000 Monthly for a minimum period of 5 years. This policy can cover as much as 6 children from 0-21 years. This policy comes with a return on investment and a "LIFE COVER'[/b] meaning your child education is not affected in your presence or absence if the policy holder dies or becomes permanently disabled.

This Policy comes with benefits such as

[b]Unemployment Bridging:
this means this policy remain active for a period of 12 months if the policy holder is out of job or income.

Partial Withdrawal: The policy Holder is allowed to make partial withdrawal in the investment once after 3 year

No Premium Benefit: This benefit means that in a situation where the Policy holder dies or is rendered permanently disabled, Enterprise Life on behalf of the policy holder ensures that the investment are still contributed until the end of the chosen term.

This ChildCare Policy help you as a parent to have a dedicated and disciplined target saving with return on investment and a life cover for their wards.

You can request for more information on our website www.myenterprisegroup.io/ng or call me Kester at +2349048419737 for more information and a quote tailored for your child's needs. Warm regards

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