In a groundbreaking initiative, OPay has partnered with the University of Ibadan (UI)to award ₦300,000 annual scholarships to 20 top students over the next 10 years.
OPay, a prominent financial service company in Nigeria, has entered a landmark partnership with the University of Ibadan (UI) through a Memorandum of Understanding (MOU) that aims to support academic excellence and youth empowerment across Nigeria.
As part of this 10-year agreement, OPay will provide N300,000 scholarships to 20 outstanding UI students annually, representing a significant investment in Nigeria’s educational landscape.
This initiative is expected to impact a total of 400 students nationwide each year, with a long-term commitment to allocate N120 million annually, eventually contributing over N1.2 billion to higher education across the country.
The MOU signing ceremony, held at the University of Ibadan, was attended by university officials, representatives from OPay, and several initial scholarship recipients.
The event underscored the company’s commitment to fostering Nigeria’s future leaders and making education more accessible for promising students.
As an important part of its corporate social responsibility, OPay plans to extend this scholarship program to other major universities in Nigeria, including Ahmadu Bello University and Nnamdi Azikiwe University, with expansion to an additional 17 institutions over the coming years.
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Speaking at the ceremony, UI Vice-Chancellor, Prof. Kayode Adebowale, expressed his gratitude to the company for recognizing and rewarding the university’s talented students. “This scholarship program not only celebrates the achievements of these students but also highlights Your commitment to empowering the next generation of leaders,” he stated. “Your support underscores the immense value of investing in education and inspiring excellence. We are deeply grateful for this impactful partnership.”
Dotun Adekunle, the company’s Chief Technology Officer and Chief Operating Officer, emphasized it’s dedication to supporting education and fostering positive social impact. “We are honored to enter this long-term partnership with the University of Ibadan,” said Adekunle.
“Through sustained financial support, we aim to help these students focus on their studies, achieve their full potential, and ultimately contribute to the development of Nigeria.”
Beneficiaries of the scholarship, such as Tijani Rose, a 200-level Computer Science student at UI, voiced their appreciation for the support. “This scholarship is a life-changing opportunity,” Tijani shared. “Now I can concentrate fully on my studies without worrying about tuition. I am truly grateful to OPay for this chance.”
Another recipient, Toheeb Adeogun Adetayo from the Nursing Department, also expressed his gratitude. “Being a beneficiary of this scholarship has been a delightful surprise. This support allows me to focus on excelling in my academics and future career.”
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This partnership not only formalizes OPay’s role as a transformative force in the Nigerian financial sector but also signifies a strong commitment to community development and social responsibility.
Through these scholarships, OPay is actively investing in the academic and personal growth of young Nigerians, strengthening its dedication to creating positive change and empowering future leaders.
This initiative stands as a testament to the company’s broader mission to contribute to Nigeria’s progress by supporting educational opportunities that help students pursue their dreams and build a better future for the nation.
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