OPay teams up with UI to offer students 10-year scholarship program


OPay, Nigeria's premier financial institution, has reiterated its commitment to improving education by signing a historic Memorandum of Understanding (MOU) with the University of Ibadan.

Over the next ten years, our partnership will provide ₦300,000 scholarships to 20 excellent students, demonstrating OPay's commitment to supporting academic success and empowering future leaders in Nigeria.

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OPay representatives, senior university staff, and several scholarship recipients attended the MOU signing ceremony at the University of Ibadan. This event demonstrated OPay's dedication to sponsoring the education of bright young Nigerians.

The scholarship initiative, a major CSR project for OPay, is being piloted at the University of Ibadan and will eventually expand to Ahmadu Bello University, Nnamdi Azikiwe University, and 17 other higher institutions nationwide.


OPay invests ₦120 million annually to fund 400 students across various colleges for the next decade; this pledge intends to increase OPay's positive social effect in Nigeria's academic scene by about ₦1.2 billion.

Dotun Adekunle, CTO/COO at OPay, remarked that the company is excited to work with the University of Ibadan to empower Nigeria's future leaders for the next decade. We hope that by giving ongoing financial assistance, these students will be able to devote themselves to their studies and reach their full potential.

OPay, a revolutionary force in Nigeria's financial ecosystem, prioritizes good social impact and community development. OPay's scholarships support students who excel academically, think creatively, and serve the community.

Comments of recent beneficiaries of UI students

Tijani Rose, a 200-level Computer Science student at the University of Ibadan, said the scholarship will let her focus more on her academics. She described it as "an unexpected but very welcome opportunity." I am overjoyed to have been a recipient of this scholarship initiative.

SEE ALSO: UI Admission List 2024/2025 is Out [CHECKING GUIDE & IMPORTANT DETAILS]

This grant will have a significant impact on my educational goals. I can now focus on my academics and studies without worrying about future school expenditures.

Another Nursing Department recipient, Toheeb Adeogun Adetayo, expressed his gratitude to OPay, adding, "I am so happy right now to be a beneficiary of OPay's scholarship." I was surprised to learn that I was a beneficiary. "I am extremely grateful to OPay."

The occasion not only confirmed the collaboration between OPay and the University of Ibadan but also recognized the outstanding achievements and goals of scholarship recipients. OPay is happy to support these students in pursuing their aspirations, aligning with the company's mission of empowering individuals and advancing Nigeria via education and opportunity.

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How to be qualified for the OPay 10-year scholarship program with the University of Ibadan

Before you can be qualified for the OPay 10-year scholarship program with the University of Ibadan (UI). You are expected to meet the following criteria, which typically include: 
  • bonafide student of the university
  • demonstrate academic excellence, 
  • financial need
  • and other specified requirements upon request. 
Once you meet all these basic requirements, be on the lookout for official invitations from the university scholarship and bursary unit.

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