OPay, a leading fintech company in Nigeria, has signed new Memoranda of Understanding (MoUs) with four additional tertiary institutions, expanding access to its ₦1.2 billion 10-year scholarship programme. The newly partnered schools are Benue State Polytechnic, Ugbokolo in Benue State; Kogi State Polytechnic, Lokoja in Kogi State; Montgomery Polytechnic, Ikere Ekiti in Ekiti State; and Alex Ekwueme Federal University, Ndufu Alike Ikwo in Ebonyi State.
Expanding Educational Opportunities
This expansion aligns with OPay's ongoing commitment to support academic excellence and empower the next generation of Nigerian leaders. With these additions, the total number of partner institutions under the scholarship programme now stands at 24 nationwide.
Under the terms of the partnership, OPay will award scholarships valued at ₦300,000 each to 20 students per tertiary institution annually. The scholarship is need-based, designed to support high-performing students from financially disadvantaged backgrounds. Over the duration of the 10-year partnership, this commitment is expected to impact hundreds of students across the country.
Continued Growth and Commitment
Since its launch, the scholarship initiative has continued to grow, demonstrating OPay's long-term dedication to education and youth empowerment in Nigeria. By adding four more tertiary institutions to the programme, the company is intentionally broadening its reach to more states and campuses, ensuring that more students receive the support they need to succeed.
Itoro Udo, the Corporate Social Responsibility (CSR) Manager at OPay, commented on the MoU signing: “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, among others. Renowned for its fast and reliable network and strong security features that protect customers' funds, 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.
OPay remains committed to building a Nigeria where access to financial services and education is consistent and inclusive. By scaling its scholarship initiatives and partnerships, the company is expanding opportunities for students across the country.
