OPay, a fintech giant in Nigeria has deepened its commitment to education empowerment of Nigerian youth by offering a decade-long N1.2 billion scholarship initiative with Olabisi Onabanjo University (OOU), a landmark partnership set to transform access to tertiary institutions.
The collaboration, which spans 10 years, aims to provide financial support to deserving students, promote academic excellence, and foster inclusive growth across the country’s educational landscape.
The move shows the firm’s unwavering commitment to education and youth empowerment in Nigeria, Opay said in a statement.
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“Over the next 10 years, 20 students of the institutions will receive N300,000 every year to cover their tuition and other academic-related expenses through the scholarship scheme.
Through this, OPay is empowering students to focus on their studies, develop their potential, and pursue their dreams without financial constraints,” the statement read in part.
According to the release, as OPay continues the expansion of its scholarship initiative to more universities across Nigeria, students from various regions of Nigeria can look forward to benefiting from this life-changing initiative, reaffirming OPay’s dedication to unlocking multiple potentials and creating a brighter future for Nigerian youths.
Justin Zhang, the chief public affairs officer at OPay, speaking during the signing of the memorandum of understanding (MoU), emphasised the importance of empowering Nigerian youth through education.
“Olabisi Onabanjo University is the ninth university we have partnered with this year to give scholarships to 20 students of the institution every year. Thank you for the warm welcome. We believe this initiative will allow talented students to focus on their education,” Zhang said.
Ayodeji Agboola, the vice-chancellor of Olabisi Onabanjo University, applauded the fintech firm for their timely intervention.
“We have had several students take gap years to come up with funds to continue their education.
“With this scholarship initiative, some will be able to continue their education without any hassle. OPay’s investment in this institution is not misplaced, as Olabisi Onabanjo University has produced several notable and influential persons across various industries in Nigeria. Thank you, OPay,” he said.
OPay was established in 2018 as a leading financial institution in Nigeria with the mission to make financial services more inclusive through technology.
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The company offers a wide range of payment services, including money transfer, bill payment, airtime and data purchase, card service, and merchant payments, among others.
Renowned for its super-fast experience and reliable network, Opay is licensed by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation with the same insurance coverage as commercial banks.
