OPay partners with University of Calabar in its 10-year N1.2bn scholarship scheme to promote education and uplift Nigerian youth across campuses

The University of Calabar has become the eighth institution to benefit from OPay’s ambitious N1.2 billion 10-year scholarship initiative, reaffirming the fintech firm’s commitment to education and youth empowerment across Nigeria.

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In a statement on Sunday, OPay announced the signing of a Memorandum of Understanding with the university, marking another milestone in the ongoing effort to support tertiary students nationwide.

The signing ceremony, held on the University of Calabar campus, was attended by senior university officials, representatives from OPay, and student leaders.

The event underscored a shared vision between the university and the fintech company: to unlock access to knowledge and provide meaningful support to students from diverse backgrounds.

Professor Florence Obi, Vice-Chancellor of the university, described the partnership as timely and transformative.

“OPay’s generosity is deeply appreciated. This scholarship programme is a very welcome initiative. It will support many of our students and inspire them to excel in their academics,” she said.

Speaking at the event, Mr IK Odiase, Head of Partnerships at OPay, reiterated the company’s dedication to national progress through education.

This scholarship programme will help many of our students and inspire them to excel in their academics.

“We are honoured to partner with the University of Calabar on this impactful journey over the next 10 years. Education is the cornerstone of nation-building, and we remain committed to ensuring students across Nigeria have the support they need to succeed,” Odiase stated.

According to the company, the scholarship initiative extends beyond financial aid. It serves as a source of inspiration and hope for students, families, and communities.

As OPay expands the scheme to more universities, it reinforces its mission to nurture emerging talent and foster a more inclusive and prosperous future for young Nigerians.

Founded in 2018, OPay offers a suite of digital financial services including fund transfers, bill payments, airtime and data purchase, card services, and merchant payments.

The platform, known for its speed and reliability, is licensed by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation, placing it on par with Nigeria’s commercial banks.

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With this latest partnership, OPay continues to cement its role not only as a leading fintech provider, but also as a strategic stakeholder in Nigeria’s educational development.