OPay, a major financial technology (fintech) company in Nigeria, has launched an ambitious ten-year scholarship program worth ₦1.2 billion (approximately $1 million USD) to support university students across the country.
The program was announced at the “Empowering Futures Conference 2025,” aims to cover the full tuition fees of exceptional students who demonstrate financial need. In its inaugural year, the fund has already disbursed ₦123 million to 420 beneficiaries across 20 participating tertiary institutions.
This scholarship program is a major corporate social responsibility (CSR) project by OPay to address educational inequality.
The funds are disbursed directly into the students’ personal accounts, bypassing institutional intermediaries to ensure quick and efficient access to the aid. Beyond financial aid, OPay is extending its support to technological infrastructure, including equipping and renovating a Cyber Lab at the University of Calabar and pledging annual lectures from its technology experts.
The company emphasizes that the aid is essential for students facing financial hurdles and asserts its commitment to meritocracy through a rigorous, dual-layered selection process involving both universities and OPay staff. They are leveraging their technological expertise not just for financial aid but for critical skill development.
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