OPay, Nigeria’s leading financial technology company, has signed a Memorandum of Understanding (MOU) with the University of Nigeria Nsukka (UNN), making the institution the 19th beneficiary of its ₦1.2 billion 10-Year Scholarship Programme.
The MOU signing, held at Nsukka on Wednesday, underscores OPay’s commitment to educational empowerment, financial inclusion, and corporate social responsibility. The scheme, launched to support indigent students across 20 tetiary institutions in Nigeria, provides 20 beneficiaries in each institution with ₦300,000 per academic session for the duration of their studies, up to 10 years.
Welcoming the OPay team to the university, the Vice Chancellor of UNN, Professor Simon Uchenna Ortuanya, expressed appreciation for the initiative and commended OPay’s contribution to educational development in Nigeria.
“This scholarship project is not only good news for UNN but for Nigeria as a whole. It is a laudable step—one that truly deserves admiration,” he said.
“As a university, we are proud of OPay’s competitiveness in the financial sector and even more proud of its commitment to supporting education. We assure you of our full cooperation to ensure that the goals of this partnership are fully realized. Today marks the beginning of greater things to come between OPay and the University of Nigeria.”
Speaking on behalf of OPay, Mr. Ikponmwosa Odiase, Head of Partnerships, reaffirmed the company’s belief in education as a powerful tool for national development.
“At OPay, we believe the youth are the future of Nigeria, and one of the best ways to empower that future is by investing in education. This ₦1.2 billion scholarship scheme covers 20 institutions across the country, and UNN is the 19th on our list,” he said.
“Here at UNN, 20 beneficiaries will each receive ₦300,000 per academic session for the duration of their studies, up to 10 years. We are excited about this partnership and look forward to seeing the positive impact it will have on the lives of students and their families,” he concluded.
With this partnership, OPay reinforces its dedication to building a brighter future for Nigerian students and contributing to the nation’s socio-economic growth through inclusive, education-focused initiatives.
About OPay
OPay was established in 2018 as a leading financial institution in Nigeria with the mission to make financial services more inclusive through technology. The company offers a wide range of payment services, including money transfer, bill payment, card service, airtime and data purchase, and merchant payments, among others. Renowned for its fast and reliable network and strong security features that protect customer’s funds, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks.
