OPay Signs ₦60 Million Scholarship Agreement with Kano State Polytechnic; OPay Digital Services Limited has signed a ₦60 million scholarship agreement with Kano State Polytechnic. The initiative will provide financial assistance to selected National Diploma (ND) and Higher National Diploma (HND) students.
Under the 10-year agreement, 20 students will benefit annually. Each recipient will receive ₦300,000 per academic session to support tuition, accommodation and other education-related expenses.
OPay Scholarship Funding and Beneficiaries
The Memorandum of Understanding (MoU) commits ₦60 million to the scholarship programme over ten years.
Each year, the programme will provide ₦6 million to 20 beneficiaries. This amount reflects the stated award of ₦300,000 per student.
The initiative forms part of OPay’s efforts to reduce financial barriers to tertiary education. It also aims to support students who struggle to meet the costs of their studies.
OPay Explains the Objectives of the Scholarship
At the signing ceremony, OPay Corporate Social Responsibility Manager, Mr Itoro Udo, explained the programme’s objectives.
He said the initiative aims to support students facing financial difficulties while pursuing higher education.
Additionally, the programme emphasises support for aspiring technology innovators. It seeks to help them gain relevant knowledge, practical experience and professional networks.
These opportunities could help beneficiaries participate in the digital economy.
Kano State Polytechnic Promises Transparent Selection
Speaking on behalf of the Rector, Deputy Rector (Administration), Dr Maryam Kabir, welcomed the initiative.
She noted that the scholarship could ease students’ financial burdens amid rising education costs.
Dr Kabir also assured stakeholders that the polytechnic would select beneficiaries transparently. The selection process will follow the scholarship’s eligibility criteria and assessment procedures.
Department Commends OPay’s Support
The Head of the Department of Banking and Finance, Malama Asiya Kabir Umar, also commended OPay.
She praised the company’s support for students at Kano State Polytechnic.
