Lagos State University Partners with OPay for ₦1.2 Billion Scholarship Programme

Lagos State University (LASU) has officially joined the list of beneficiaries of OPay’s ₦1.2 billion 10-year scholarship initiative, following the signing of a Memorandum of Understanding (MoU) between the fintech giant and the institution on Monday.

The partnership, under OPay’s “Empowering Futures” Corporate Social Responsibility (CSR) project, aims to support academically outstanding but financially challenged students across Nigeria’s tertiary institutions.

According to OPay, 20 LASU students will receive fully funded scholarships every year for the next decade, covering tuition and other academic needs.

Commitment to Youth Empowerment and Education

During the MoU signing ceremony, Professor Ibiyemi Olatunji-Bello, Vice Chancellor of Lagos State University, praised OPay for its forward-thinking contribution to education and youth development in Nigeria.

She said:

“This initiative from OPay demonstrates a true spirit of corporate responsibility and dedication to the dreams of young Nigerians. It will ease the financial pressure on many students and inspire them to achieve academic excellence.”

The Vice Chancellor also emphasized that the partnership reflects a shared vision between LASU and OPay—to empower the next generation through quality education, innovation, and technological advancement.

“Lagos State University remains committed to nurturing students who are both academically excellent and socially responsible. We appreciate OPay’s confidence in our institution and look forward to a productive collaboration,” she added.

LASU Registrar, OPay Executives Applaud the Initiative

Mr. Emmanuel Fanu, the university’s Registrar, thanked OPay for extending the scholarship to LASU students, noting that the gesture would make a long-term impact on their lives and career paths.

“This scholarship may seem like a financial intervention today, but in reality, it will change lives, empower families, and inspire a generation of young Nigerians to reach greater heights,” he said.

Representing OPay at the event, Elizabeth Wang, the company’s Chief Operating Officer, reaffirmed OPay’s commitment to investing in Nigeria’s educational growth and human capital development.

“Since our establishment in 2018, OPay’s mission has been to drive financial inclusion through technology. Beyond this, we believe education is the foundation of every strong society. That’s why OPay is sponsoring 20 LASU students annually for 10 years—to make their academic dreams easier to achieve,” Wang stated.

She also revealed OPay’s plans to set up Cyberlabs on university campuses and create graduate employment opportunities within its workforce of over 5,000 employees, further strengthening the bridge between education and industry.

Driving Long-Term Socioeconomic Impact

The ₦1.2 billion OPay 10-Year Scholarship Programme is part of the company’s broader mission to foster innovation, promote educational access, and contribute meaningfully to Nigeria’s socioeconomic growth.

By investing in young talent, OPay aims to build a more knowledgeable and skilled workforce capable of transforming Nigeria’s digital and financial sectors.

About OPay

Established in 2018, OPay Digital Services Limited is one of Nigeria’s leading financial technology companies, licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).

The platform provides a wide range of financial services including:

• Mobile money transfers
• Bill payments
• Debit card services
• Airtime and data purchases
• Merchant and POS payments

Renowned for its secure network, fast transaction speed, and user-friendly interface, OPay continues to drive financial inclusion across Africa by empowering individuals, small businesses, and corporate clients through digital innovation.

A Brighter Future for Nigerian Students

With this new partnership, LASU students now have access to one of the most impactful scholarship programmes in Nigeria’s tertiary education space. The initiative not only eases the financial burden on students but also reinforces OPay’s dedication to education as a tool for sustainable national development.