OPay Commits N1.2bn To 10-Year Scholarship Initiative

In a bold move reflecting its long-term commitment to national development and human capital investment, OPay has extended its N1.2 billion 10-Year Scholarship Initiative to students at the Federal University of Technology, Minna (FUTMINNA).

The initiative, unveiled at a recent Memorandum of Understanding (MoU) signing event, is part of OPay’s nationwide education drive designed to provide financial relief to academically talented but economically disadvantaged students across Nigeria’s tertiary institutions.

This latest inclusion of FUTMINNA reaffirms the company’s vision of enabling inclusive access to education while strengthening its social impact footprint.

“At OPay, we recognise the importance of education in nation-building,” said Mr. Dauda Gotring, Managing Director of OPay. “We are proud to support these students on their journey toward achieving greatness. This is part of our broader commitment to empowering Nigeria’s youth.”

The long-term programme is structured to span a decade, with financial support covering tuition and other educational costs. This approach provides stability and allows beneficiaries to remain fully focused on academic performance.

At the event, one of the scholarship recipients shared a powerful personal testimony: “When I first gained admission, I could not afford tuition and had to drop out to work. Even now, I face the same struggle. This scholarship is a lifeline. I truly appreciate OPay for this incredible gesture.”

From an investor relations perspective, this initiative aligns with OPay’s Environmental, Social, and Governance (ESG) strategy. It reflects a deliberate focus on long-term social value creation, a growing expectation among global investors, regulators, and stakeholders alike.

Already active in other Nigerian universities, OPay’s scholarship programme is building a reputation for consistency, reach, and direct community impact—core attributes that strengthen its brand equity in both consumer and capital markets.

Being a leading fintech player licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), OPay continues to combine innovative financial services with responsible corporate citizenship.