UNN Partners in Opay\’s N1.2b 10-Year Scholarship Initiative
Expanding Educational Opportunities in Nigeria
A financial technology company, OPay, has taken a significant step towards supporting education in Nigeria by extending its N1.2 billion 10-Year Scholarship Programme to the University of Nigeria Nsukka (UNN). This marks UNN as the 19th institution to benefit from the initiative, which aims to provide financial support to students from underprivileged backgrounds.
The collaboration between OPay and UNN was formalized through a Memorandum of Understanding (MOU) signed at the university. The scholarship scheme is designed to assist 20 beneficiaries at each participating institution with N300,000 per academic session for the duration of their studies, up to a maximum of 10 years. This initiative reflects OPay\’s commitment to educational empowerment, financial inclusion, and corporate social responsibility.
A Commitment to Educational Development
Professor Simon Uchenna Ortuanya, the Vice Chancellor of UNN, expressed his gratitude for OPay’s contribution to educational development in Nigeria. He emphasized that the scholarship project is not only beneficial for UNN but also for the country as a whole. \”This is a laudable step that truly deserves admiration,\” he said.
He further highlighted the university\’s pride in OPay\’s competitiveness within the financial sector and its dedication to supporting education. \”We assure you of our full cooperation to ensure that the goals of this partnership are fully realized. Today marks the beginning of greater things to come between OPay and the University of Nigeria,\” he added.
Empowering the Youth Through Education
Ikponmwosa Odiase, Head of Partnerships at OPay, spoke on behalf of the company and reaffirmed its belief in education as a powerful tool for national development. \”At OPay, we believe the youth are the future of Nigeria, and one of the best ways to empower that future is by investing in education,\” he stated.
Odiase noted that the N1.2 billion scholarship scheme covers 20 institutions across the country, with UNN being the 19th on the list. He explained that 20 beneficiaries at UNN will each receive N300,000 per academic session for the duration of their studies, up to 10 years. \”We are excited about this partnership and look forward to seeing the positive impact it will have on the lives of students and their families,\” he concluded.
Key Benefits of the Scholarship Programme
- Financial Support: Each beneficiary receives N300,000 per academic session for up to 10 years.
- Long-Term Impact: The programme is designed to support students throughout their academic journey.
- Widespread Reach: The initiative targets 20 tertiary institutions across Nigeria, with UNN being the latest addition.
- Empowerment Focus: The programme emphasizes the importance of education in shaping the future of the nation.
Conclusion
OPay\’s continued investment in education through its scholarship programme demonstrates a deep commitment to the development of Nigeria\’s youth. By partnering with institutions like the University of Nigeria Nsukka, the company is helping to create opportunities for students who might otherwise struggle to afford higher education. This initiative not only benefits individual students but also contributes to the broader goal of national development through education.
