OPay launches ₦60 million scholarship scheme for UNILORIN students

Nigeria’s leading fintech company OPay has unveiled a ₦60 million scholarship programme set to run over the next decade, at the University of Ilorin (UNILORIN).

Each year, 20 deserving UNILORIN students will receive ₦300,000 each to help cover their academic expenses. The scholarship, which will run for 10 years, is designed to ensure that more young Nigerians can focus on their studies and personal growth without being held back by financial barriers.

OPay’s Corporate Social Responsibility Manager, Itoro Udo, emphasized that the programme is not just about financial aid but also about enhancing the employability and long-term success of beneficiaries. “We want to support hardworking youths who are striving to make their lives better through education,” Udo said during a visit to the university’s Registrar.

UNILORIN’s Registrar, Mr. Mansur Alfanla, welcomed the initiative, describing it as a timely intervention that aligns with the university’s commitment to student-focused programmes. Vice Chancellor Professor Wahab Egbewole (SAN) also expressed gratitude, noting that OPay’s gesture supports the national agenda for educational advancement.

The OPay scholarship is open to undergraduates from all departments, with recipients selected through a transparent, merit-based process managed by the university. The programme is part of OPay’s ongoing efforts to give back to the society, particularly to young people who form a significant part of its customer base.

Launched in 2024, OPay’s nationwide scholarship scheme covers 20 universities across Nigeria, reaffirming the company’s role as not just a financial service provider but a partner in shaping the country’s future.

Applications for the scholarship typically open in August each year, and interested students are encouraged to prepare their academic records and other required documents in advance.