Leading financial institution in Nigeria, OPay, has extended its N1.2bn 10-year scholarship scheme to students of the Obafemi Awolowo University, Ile-Ife, making the institution the third beneficiary of the scheme in Nigeria.
According to a statement from the financial institution, the scholarship scheme is in line with its commitment to education and youth empowerment.
OPay said the initiative reinforces its commitment to empowering Nigeria’s youth and supporting academic excellence in tertiary institutions. The scholarship programme is designed to alleviate financial burdens for students, enabling them to focus on their studies and personal development. By reaching OAU, OPay continues its strategic plan to invest in future leaders, particularly in regions with diverse academic potential and talent.
Speaking on the initiative and its expansion to OAU, OPay’s Chief Public Affairs Officer, Mr. Justin Zhang, highlighted the importance of education in nation-building and reiterated the company’s dedication to fostering opportunities for students across the nation.
“Obafemi Awolowo University has a legacy of producing some of the nation’s brightest minds, and we are proud to support these future leaders as part of our broader commitment to education and empowerment,” he said.
The OAU Deputy Vice Chancellor (Admin), Professor Yomi Daramola, said, “The university has long been committed to supporting indigent students, but our efforts can only go so far. This generous donation from OPay marks a significant milestone, going beyond what the alumni have been able to achieve over the years. It provides a crucial safety net, ensuring that students can focus on their education rather than worrying about basic survival. This contribution will have a lasting impact, empowering students to pursue their academic goals with confidence and stability.”
A 600L Clinical Sciences Department student, Omoboriowo Isaac, who was present at the event where the scheme was unveiled, said, “As a student in the Department of Clinical Sciences with the highest tuition fees at OAU, receiving this scholarship will be a tremendous relief. It will significantly ease the financial burden on my family, allowing me to focus on my studies. This support ensures that I can complete my degree and pursue my academic goals with full confidence.”
The beneficiaries of this initiative are not just students; they represent the hopes of their families and communities, and OPay is playing a pivotal role in ensuring their dreams are achieved. This milestone follows the successful implementation of the scholarship programme in two other renowned universities last year.
While OAU is the third beneficiary, OPay has reassured Nigerians that its vision extends to other tertiary institutions nationwide. The scholarship initiative reflects OPay’s belief that education remains a powerful tool for driving progress and inclusivity.
As the programme expands, 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 Nigeria’s youth.
