With the signing of a Memorandum of Understanding (MOU) with the University of Nigeria Nsukka (UNN), OPay, the country’s top financial technology business, has made UNN the 19th recipient of its ₦1.2 billion 10-year scholarship program.
OPay’s dedication to corporate social responsibility, financial inclusion, and educational empowerment is reaffirmed by the MOU signing, which took place at Nsukka on Wednesday. Launched to assist underprivileged students in 20 Nigerian tertiary schools, the program gives 20 beneficiaries per academic session ₦300,000 for as long as they are enrolled in school, up to ten years.
Professor Simon Uchenna Ortuanya, the vice chancellor of UNN, welcomed the OPay team to the institution, praised OPay’s commitment to Nigerian education, and conveyed gratitude for the initiative.
“This scholarship initiative is beneficial for Nigeria overall as well as UNN. He stated, “It is a commendable step—one that genuinely merits admiration.”
As a university, we take pride in OPay’s ability to compete in the financial industry and, more importantly, in its dedication to promoting education. To guarantee that the objectives of our collaboration are fully achieved, we pledge our complete cooperation. Greater things between OPay and the University of Nigeria are about to happen.
Mr. Ikponmwosa Odiase, Head of Partnerships for OPay, spoke on the company’s behalf and reiterated its support for education as a potent instrument for national advancement.
At OPay, we think that investing in education is one of the finest ways to empower Nigeria’s youth, who we see as the country’s future. UNN is ranked 19th on our list of 20 colleges nationwide that are part of this ₦1.2 billion scholarship program, he stated.
Twenty awardees will get ₦300,000 each academic session for a maximum of ten years while they are enrolled in classes at UNN. We are thrilled about this collaboration and eager to see how it can improve the lives of students and their families,” he said in closing.
Through this collaboration, OPay reaffirms its commitment to fostering inclusive, education-focused programs that will improve the future for Nigerian students and support the country’s socioeconomic development.
Concerning OPay
OPay, a prominent financial institution in Nigeria, was founded in 2018 with the goal of using technology to increase the accessibility of financial services. Money transfers, bill payment, card service, purchasing airtime and data, and merchant payments are just a few of the many payment options the organization provides. OPay, which is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks, is well-known for its quick and dependable network and robust security features that safeguard customers’ money.
