OPay extends scholarship offer to UNIMAID
A Fintech firm, OPay Digital Services has extended its N1.2 billion, 10-year nationwide scholarship initiative to the University of Maiduguri (UNIMAID). According to a statement, the firm signed a Memorandum of Understanding (MoU) with the management of the university, presenting a N60 million cheque to provide annual financial aid to selected students. It added that […]
A Fintech firm, OPay Digital Services has extended its N1.2 billion, 10-year nationwide scholarship initiative to the University of Maiduguri (UNIMAID).
According to a statement, the firm signed a Memorandum of Understanding (MoU) with the management of the university, presenting a N60 million cheque to provide annual financial aid to selected students.
It added that the MoU included creating opportunities for broader collaboration in innovation, cybersecurity, and youth empowerment.
The Head of CSR, Itoro Udo, described the scholarship scheme as a long-term investment in education and youth empowerment.
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“The OPay’s 10-year scholarship initiative was started last year as part of our mandate to give back to the communities where we do business. We see education as a stronghold and foundation in Nigeria, and we want to support students in bridging the gap left by the withdrawal of federal subsidies in the sector,” he said.
He explained that the program will award N300,000 annually to 20 students in each of 20 selected tertiary institutions, representing N6million per institution per year, totalling an investment of N1.2 billion over the next decade.
“While the scholarship scheme is significant, the scholarship is only an entry point, and a gateway into other initiatives we seek to collaborate on with the institution,” he said.
Beyond scholarships, the CSR Head said the firm is prioritizing innovation and cybersecurity to help universities prepare students for the digital future.
In his remark, the Vice Chancellor of the University of Maiduguri, Professor Mohammed Laminu Mele, represented by the Provost of Postgraduate Studies, Professor Yakubu Mukhtar, applauded the initiative and described it as a milestone for the institution.
“We are delighted to welcome OPay to the University of Maiduguri for this historic occasion. Opay is no doubt, one of the most important digital financial institutions in the country, and it is indeed gratifying to witness a socially responsible organization like Opay in the future of our students and demonstrating genuine commitment to educational development,” he said.
He also stressed the importance of the collaboration in light of UNIMAID’s size and influence.