OPay rolls out ₦60m scholarship scheme at BUK

…Tergets 200 beneficiaries in 10 years

Fintech company, OPay Digital Services Limited, has unveiled a ₦60 million scholarship programme at Bayero University, Kano (BUK), aimed at easing students’ financial burdens and encouraging academic excellence.

The initiative, launched on Tuesday with the signing of a Memorandum of Understanding (MoU) between OPay and BUK, will run for 10 years. Under the scheme, 20 students will each receive ₦300,000 annually, with a total of 200 beneficiaries expected over the decade.

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BUK Vice-Chancellor, Professor Haruna Musa, who signed the MoU on behalf of the institution, described the gesture as a “morale booster” for students and called on recipients to make the best use of the opportunity.

According to OPay’s Corporate Social Responsibility Manager, Mr. Itoro Udo, BUK is among 20 universities selected nationwide for the scholarship programme, part of the fintech firm’s broader commitment to youth empowerment. He noted that OPay, with over 16 million active users in Nigeria, is investing in education as a tool for national development.

The Dean of Students’ Affairs, Professor Shamsuddeen Umar, also commended the initiative, stressing that the support would provide relief for students grappling with financial challenges.

The scholarship programme, made possible through advocacy by the BUK Students’ Union Government and the National Association of Nigerian Students (NANS), is expected to significantly improve access to higher education for indigent students.