The Council of Sci­entific and Industrial Research (CSIR) yes­terday received support from First Bank for its ambitious Endowment Fund. Aiming to raise $20 million dollars over the next five years to enhance scientific development in the country, the council received 50,000 to fund scientific research. The Endowment Fund established by the CSIR serves as a financial res­ervoir designed to support long-term research initiatives. Mr Semiu Lamidi, Executive Direc­tor of the Bank, said the partnership aims to enhance the CSIR's endow­ment fund, which is dedicated to fund­ing groundbreaking scientific research and development projects. "First Bank is extremely happy to make this donation, and will continue to make more donations because we really want to see an impact in the lives of affected persons," he remarked. He said First Bank's involvement in supporting the CSIR's endownment fund reflects its commitment to corpo­rate social responsibility and sustain­able development. "By investing in scientific research, the bank is not only contributing to the advancement of knowledge but also playing a crucial role in fostering economic development and social progress," he stated.