OPay, a leading fintech company in Nigeria, has signed Memoranda of Understanding (MoUs) with four additional tertiary institutions, expanding its ₦1.2 billion 10-year scholarship programme. The new partner schools are Benue State Polytechnic, Ugbokolo, Benue State; Kogi State Polytechnic, Lokoja, Kogi State; Montgomery Polytechnic, Ikere Ekiti, Ekiti State; and Alex Ekwueme Federal University, Ndufu Alike Ikwo, Ebonyi State. This brings the total number of partner institutions to 24 nationwide.
Scholarship Details
Under the agreement, OPay will award scholarships valued at ₦300,000 each to 20 students per institution annually. The scholarships are need-based, targeting high-performing students from financially disadvantaged backgrounds. Over the 10-year period, this initiative is expected to impact hundreds of students across Nigeria.
Commitment to Education
Since its launch, the scholarship programme has grown steadily, reflecting OPay's long-term dedication to education and youth empowerment. By adding four more institutions, the company is broadening its reach to more states and campuses, ensuring more students receive the support they need to succeed.
Itoro Udo, Corporate Social Responsibility (CSR) Manager at OPay, commented: "Education is one of the most powerful tools for changing a life, and we believe every student deserves a fair shot at it, irrespective of their background. Through this partnership, OPay is investing in students who have the drive but need the support. We are proud to stand with them and to keep expanding this commitment across more institutions and more communities."
About OPay
OPay was established in 2018 as a leading fintech company in Nigeria with the mission to make financial services more inclusive through technology. The company offers a wide range of payment services, including money transfer, bill payment, card services, airtime and data purchase, and merchant payments. Renowned for its fast and reliable network and strong security features, OPay is licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC) with the same insurance coverage as commercial banks.
