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OPay signs new MoUs with 4 more schools, expands access to N1.2bn 10-year scholarship programme

OPay, recently signed Memoranda of Understanding (MoUs) with four additional tertiary institutions in the country: Benue State Polytechnic, Ugbokolo, Benue State; Kogi State Polytechnic, Lokoja, Kogi State; Montgomery Polytechnic, Ikere Ekiti, Ekiti State and Alex Ekwueme Federal University, Ndufu Alike Ikwo, Ebonyi State.

OPay, a leading fintech company in Nigeria, recently signed Memoranda of Understanding (MoUs) with four additional tertiary institutions in the country: Benue State Polytechnic, Ugbokolo, Benue State; Kogi State Polytechnic, Lokoja, Kogi State; Montgomery Polytechnic, Ikere Ekiti, Ekiti State; and Alex Ekwueme Federal University, Ndufu Alike Ikwo, Ebonyi State. This expansion is in line with the brand’s ongoing commitment to support academic excellence and empower the next generation of Nigerian leaders, bringing the total number of partner institutions to 24 nationwide.

Under the terms of the N1.2 billion 10-year partnership, OPay will award scholarships valued at N300,000 each to 20 students per tertiary institution annually. The scholarship is need-based, designed to support high-performing students from financially disadvantaged backgrounds. Over the duration of the partnership, this commitment is expected to impact hundreds of students.

Since its launch, the scholarship initiative has continued to grow, showing OPay’s long-term commitment to education and youth empowerment in Nigeria. By adding four more tertiary institutions to the scholarship programme, the brand is intentionally broadening its reach to more states and campuses, ensuring more  students have the support they need to succeed.