Lagos State University (LASU) has become a proud recipient of OPay’s extensive N1.2 billion Scholarship Programme, spanning a decade, following the formalization of their partnership through a Memorandum of Understanding (MoU) signed on Monday at the university campus. This collaboration will annually provide 20 LASU students with fully funded scholarships, as part of OPay’s Empowering Futures initiative-a Corporate Social Responsibility (CSR) effort dedicated to aiding academically gifted yet financially disadvantaged students across Nigerian higher education institutions.
During the signing event, LASU’s Vice Chancellor, Professor Ibiyemi Olatunji-Bello, praised OPay for its visionary dedication to advancing education and youth empowerment. She remarked, “We are here to honor a significant act of generosity and corporate responsibility from OPay Digital Services Limited. This initiative highlights OPay’s unwavering support for academic excellence and the aspirations of young Nigerians. The scholarship will ease financial challenges and inspire our students to achieve their highest potential.”
Professor Olatunji-Bello further emphasized that this alliance represents a mutual commitment between LASU and OPay to uplift Nigerian youth through education and innovation. “As a premier educational institution in Nigeria, LASU is devoted to delivering quality education and fostering comprehensive growth for our students. We value OPay’s confidence in our university and anticipate a productive partnership ahead,” she added.
Registrar Emmanuel Abiodun Fanu also expressed gratitude to OPay for extending this scholarship opportunity to LASU students, highlighting the profound and enduring influence it will have on their academic and personal development. “We are thankful to OPay for this generous scholarship. While the full impact may not be immediately visible, it will undoubtedly transform lives and encourage these students to become impactful members of society,” he noted.
Representing OPay, Chief Operating Officer Elizabeth Wang reiterated the company’s dedication to nurturing future leaders through sustainable educational investments. “Since launching operations in Nigeria in 2018, our goal has been to enhance financial inclusion via technology. Beyond financial services, we recognize education as the cornerstone of societal progress, with students embodying the future,” she stated.
“This is why OPay is committed to supporting 20 LASU students annually over the next ten years, enabling them to pursue their ambitions with greater ease.”
Wang also revealed plans to establish Cyberlabs and create graduate employment pathways within OPay’s expanding workforce of over 5,000 employees, further reinforcing the company’s commitment to youth development.
The N1.2 billion investment in the OPay 10-year Scholarship Programme exemplifies the company’s strategic vision to cultivate emerging talent, promote educational growth, and contribute significantly to Nigeria’s socio-economic progress through ongoing CSR initiatives.
Founded in 2018, OPay has rapidly become a leading financial services provider in Nigeria, dedicated to enhancing financial accessibility through innovative technology. The company offers a comprehensive suite of payment solutions, including money transfers, bill payments, card services, airtime and data purchases, and merchant transactions. Known for its swift, dependable network and robust security measures safeguarding customer funds, OPay operates under the regulation of the Central Bank of Nigeria (CBN) and is insured by the Nigeria Deposit Insurance Corporation (NDIC) with coverage equivalent to that of commercial banks.
