OPay, a prominent financial institution in Nigeria, has solidified its commitment to education by partnering with the University of Ibadan. Through this partnership, OPay will award ₦300,000 scholarships to 20 talented students annually for the next decade.
The MOU signing ceremony, held at the University of Ibadan, was attended by representatives from both organizations and scholarship beneficiaries. This initiative underscores OPay’s dedication to fostering academic excellence and empowering young Nigerian leaders.
This partnership with the University of Ibadan marks the beginning of OPay’s significant investment in education. The company plans to expand this scholarship program to other renowned institutions, including Ahmadu Bello University and Nnamdi Azikiwe University, with the ultimate goal of reaching 17 tertiary institutions across Nigeria.
Through this initiative, OPay aims to support talented young Nigerians and contribute to the development of a well-educated workforce. Each year, OPay plans to award scholarships to 400 students across these institutions, amounting to a total investment of ₦120 million annually.
Over the next decade, this initiative will contribute over ₦1.2 billion to support higher education in Nigeria.Through this significant investment, OPay aims to make a lasting impact on the academic landscape and empower young Nigerians to achieve their full potential.
Professor Kayode Adebowale, Vice-Chancellor of the University of Ibadan, expressed his enthusiasm for the OPay scholarship initiative. He stated, “We are honored to be pioneers of this project, which provides hope and support to promising young students, allowing them to focus on their academic pursuits.”
He further expressed the university’s gratitude to OPay for recognizing and rewarding the exceptional talents of their students. The Vice-Chancellor emphasized the importance of investing in education and acknowledged OPay’s significant contribution to the development of future leaders.
As a transformative force in Nigeria’s financial ecosystem, OPay is deeply committed to driving positive social impact and fostering development within local communities.
Through these scholarships, OPay will provide essential financial assistance to students distinguished by their academic prowess, innovative thinking, and dedication to community service.
This event not only formalized the partnership between OPay and the University of Ibadan but also celebrated the remarkable achievements and aspirations of the scholarship recipients. OPay is proud to support these students as they pursue their dreams, reflecting the company’s broader mission to empower individuals and contribute to Nigeria’s progress through education and opportunity.
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