OPay, one of Nigeria’s foremost financial technology institutions, has announced Olabisi Onabanjo University (OOU) as the ninth beneficiary of its ambitious N1.2 billion, 10-year scholarship initiative, further highlighting its enduring commitment to education and youth empowerment across the country.
Under the scheme, 20 students from the institution will each receive N300,000 annually for the next decade to support tuition and academic-related expenses. The initiative is designed to remove financial barriers, enabling students to focus on their education, maximise their potential, and pursue their aspirations with confidence.
Speaking during the recent signing of the memorandum of understanding (MoU), Mr. Justin Zhang, Chief Public Affairs Officer at OPay, reaffirmed the company’s dedication to nurturing talent through strategic investments in education.
“Olabisi Onabanjo University is the 9th university we have partnered with this year to give scholarships to 20 students of the institution every year. Thank you for the warm welcome. We believe this initiative will allow talented students to focus on their education,” he said.
In response, the Vice Chancellor of Olabisi Onabanjo University, Professor Ayodeji Agboola, expressed deep appreciation for the initiative and its potential to transform lives within the university community.
“We have had several students take gap years in order to come up with funds to continue their education. With this scholarship initiative, some will be able to continue their education without any hassle. OPay’s investment in this institution is not misplaced, as Olabisi Onabanjo University has produced several notable and influential persons across various industries in Nigeria. Thank you, OPay,” he said.
As OPay extends the reach of this scholarship programme to more universities nationwide, students from diverse regions stand to benefit from what has become a transformative effort—one that reaffirms the company’s belief in the power of education as a catalyst for national development.
Founded in 2018, OPay is a leading digital financial services provider in Nigeria, committed to enhancing financial inclusion through innovative technology. The platform offers services such as money transfers, bill payments, airtime and data purchases, card services, and merchant transactions. Licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), OPay operates with the same financial security guarantees as commercial banks, delivering fast, reliable, and inclusive financial solutions to millions of Nigerians.