Moniepoint Founder, Tosin Eniolorunda Unveils Tech Scholarship

Tosin Eniolorunda, founder of fintech giant Moniepoint, has introduced a new scholarship initiative aimed at supporting bright but underprivileged students across Nigeria. The programme, called the Future Builders Fund, is focused on students pursuing studies in science, technology, engineering, and mathematics.

According to a statement, the pilot phase seeks to break financial and structural barriers that stop gifted students from realising their full potential. The project also aligns with Nigeria’s growing ambition to strengthen its digital economy by investing in talent. The initiative continues Eniolorunda’s long-standing efforts to promote education and innovation.

His foundation previously donated a CAD/CAM laboratory valued at over ₦100 million to Obafemi Awolowo University and funded several youth-focused programmes, including the University of Lagos Entrepreneurship Challenge, the Nigenius Inter-School Robotics Competition, and the NextGen Connect Oratory Contest, with total contributions estimated at ₦50 million.

Empowering Nigeria’s Next Generation of Builders

Speaking on the launch, Eniolorunda said the new fund reflects his commitment to levelling the playing field for young Nigerians.

“Every child deserves the opportunity to become the best version of themselves, and socioeconomic barriers should not block the path to mastery and brilliance,” he stated. “Through the Future Builders Fund, we aim to identify and nurture the innovators who will shape Nigeria’s future.

This initiative combines financial support with mentorship to give students from low-income backgrounds a fighting chance to become transformative change-makers.”

The scholarship will begin with 14 recipients, drawn from seven federal universities spread across Nigeria’s six geopolitical zones. Participating schools include Obafemi Awolowo University, University of Nigeria Nsukka, University of Calabar, University of Abuja, Ahmadu Bello University Zaria, University of Maiduguri, and the University of Lagos.

How the Scholarship Works

Each recipient will receive full tuition support, hostel accommodation, a laptop, and a monthly stipend. They will also take part in a mentorship scheme designed to develop leadership and problem-solving skills.

Applicants must be entering their 200 level in any of the selected institutions and will be required to submit personal essays, academic records, and basic bio-data. After a standardised test evaluating their reasoning and technical ability, the top two candidates from each university will receive the award.

Winners will be assessed annually to ensure continued academic excellence and growth in leadership or technical capacity. The five-year pilot aims to merge financial aid with real-world exposure, preparing students to become globally competitive STEM innovators.