OPay Unveils ₦1.2bn Scholarship Deal with OOU

OPay has stepped up its support for Nigerian higher education with a ₦1.2 billion scholarship plan for students of Olabisi Onabanjo University (OOU). The agreement, which will run for 10 years, is aimed at easing the financial burden on students while encouraging academic excellence and long-term career growth.

The scheme will grant 20 students each year ₦300,000 to cover tuition and other academic expenses. OPay says this will allow recipients to focus on their studies without worrying about how to pay their way through school. “Through this initiative, students can focus on developing their potential and pursuing their dreams without financial constraints,” the company noted in its statement.

This partnership with OOU marks the ninth university collaboration OPay has secured in 2025. The fintech company, established in 2018, has been actively expanding its scholarship programme across Nigeria, targeting promising students in need of financial assistance.

Empowering Students Across Nigeria

During the signing of the memorandum of understanding, Justin Zhang, OPay’s Chief Public Affairs Officer, said the initiative reflects the firm’s belief in education as a driver of change. “Olabisi Onabanjo University is the ninth university we have partnered with this year to give scholarships to 20 students of the institution every year. We believe this will allow talented students to focus on their education,” he explained.

OOU’s Vice-Chancellor, Ayodeji Agboola, described the scheme as a timely intervention. “We have had several students take gap years to come up with funds to continue their education. With this scholarship initiative, some will be able to continue without hassle,” he said, adding that OOU’s alumni include many distinguished figures in Nigeria’s professional and public sectors.

By pledging funds to OOU and other institutions, OPay says it is reaffirming its mission of promoting inclusive growth through technology. The company hopes the scholarship will unlock opportunities for young Nigerians and inspire other corporations to invest in the nation’s educational future.