Leading Nigerian fintech company OPay has announced the successful disbursement of ₦126 million in scholarships to 420 students across the country, marking the first phase of its ambitious 10-year scholarship initiative. The programme, launched in 2024, aims to support talented yet financially disadvantaged students in gaining access to quality education and contributing to Nigeria’s socioeconomic development.
According to OPay, the scholarship targets students in tertiary institutions, particularly those studying science, technology, engineering, and mathematics (STEM) disciplines. The company emphasized that education remains a key driver of innovation and national progress, aligning the initiative with its broader mission to empower communities through technology and financial inclusion.
Each selected student received up to ₦300,000 in financial support to cover tuition, accommodation, and learning materials for the academic year. Beneficiaries were chosen through a transparent selection process that evaluated academic merit, financial need, and personal impact potential. OPay noted that the scholarship was implemented in partnership with local educational bodies and nonprofit organizations to ensure fair representation across Nigeria’s six geopolitical zones.
Speaking at the announcement event in Lagos, Dauda Gotring, OPay’s Country Head of Public Relations and Corporate Communications, reiterated the company’s long-term commitment to education and youth empowerment. He stated, “This scholarship programme reflects OPay’s belief that access to education is a fundamental right and a catalyst for national transformation. By investing in young Nigerians today, we are investing in the country’s digital and economic future.”
The fintech company also revealed plans to expand the programme in its second year to include mentorship opportunities, internship placements, and digital skills training—further bridging the gap between academia and industry. OPay believes these additional components will help prepare students for the demands of a rapidly evolving digital economy.
As OPay continues to strengthen its position as a leading financial technology provider in Africa, its scholarship initiative demonstrates how private sector innovation can drive social impact. With ₦126 million already invested and nine years to go, OPay’s education commitment is set to shape a new generation of skilled, tech-savvy Nigerian leaders.
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