OPay, one of Nigeria’s top financial institutions, has signed a historic Memorandum of Understanding (MOU) with the University of Ibadan, reaffirming its dedication to education advancement.
Through this agreement, OPay will continue to support academic success and empower the next generation of Nigerian leaders by providing ₦300,000 scholarships to 20 outstanding students each year for the next ten years.
Senior university employees, some scholarship recipients, and representatives from OPay attended the MOU signing ceremony at the University of Ibadan. This occasion demonstrated OPay’s dedication to funding the education of bright young Nigerians.
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An important CSR effort for OPay, the scholarship initiative was piloted with the University of Ibadan and will soon spread to Ahmadu Bello University, Nnamdi Azikiwe University, and eventually 17 additional higher schools across the country. With an annual investment of 120 million naira (₦120 million), OPay intends to sponsor 400 students at these universities. This long-term commitment seeks to dramatically increase OPay’s positive social effect throughout Nigeria’s academic environment by contributing over one billion two hundred million naira (₦1.2BN) over the course of the next ten years.
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The University of Ibadan’s vice chancellor, Prof. Kayode Adebowale, showed his excitement for the project during the ceremony by saying, “We are excited to be pioneers of this project from OPay. This beams a ray of hope to promising youths and helps them focus solely on their academics … “On behalf of the University of Ibadan, I extend our heartfelt appreciation to OPay for recognizing and rewarding the exceptional talents of our students. This award not only celebrates the achievements of these 20 undergraduate students but also reflects OPay’s commitment to empowering the next generation of leaders. Your support underscores the value of investing in education and inspiring excellence, and we are deeply grateful for this impactful partnership…..”
Dotun Adekunle, CTO/COO at OPay, stated,”OPay is honored to enter a long-term partnership with the University of Ibadan to support Nigeria’s future leaders over the next 10 years. By providing sustained financial support, we aim to help these students dedicate themselves to their studies and achieve their full potential.”
OPay, a revolutionary player in Nigeria’s financial sector, is steadfastly dedicated to promoting social progress and community development. Through these scholarships, OPay will give students who stand out for their academic excellence, creative thinking, and commitment to community service vital financial support.
Tijani Rose, a University of Ibadan 200L student studying computer science, says the scholarship will let her concentrate more on her education. As she put it, “This was an unexpected but very welcome opportunity. I feel really excited to have been a beneficiary of this scholarship programme.. This scholarship will greatly impact my education, by a very large stride. Now, I can take my mind off where the next school fees will come from and can focus on what really matters – my grades and studies..”
And Toheeb Adeogun Adetayo, another Nursing Department recipient, thanked OPay by saying “I am feeling so happy right now being a beneficiary of OPay’s scholarship. It was so unexpected, I just received the call that I am one of the beneficiaries…. I am very grateful to OPay.”
In addition to formally establishing OPay’s collaboration with the University of Ibadan, this ceremony honored the outstanding accomplishments and goals of the scholarship recipients. OPay is honored to assist these kids in pursuing their goals, which aligns with the company’s overarching goal of empowering people and advancing Nigeria via opportunity and education.
