List of Nigerian banks offering scholarships to students 

In Nigeria, many banks have taken commendable steps to support education by offering scholarships and educational initiatives aimed at empowering students. These programs not only alleviate financial burdens but also promote academic excellence and skill development among Nigerian youths. Below is an overview of some Nigerian banks that have been involved in providing scholarships and educational support to students:

1. Stanbic IBTC Bank

Stanbic IBTC Bank has demonstrated a strong commitment to education through its scholarship initiatives. One notable program is the Stanbic IBTC University Scholarship, which was established to support the dreams and aspirations of Nigerian youths. This scholarship fund, worth N80 million, aimed to benefit 200 Nigerian students over four academic years. The initiative was designed to reward diligence and academic excellence among Nigerian students who participated in the Unified Tertiary Matriculation Examination (UTME) and gained admission into any state or federal university in Nigeria. While applications for this scholarship are currently closed, it reflects the bank’s dedication to supporting education in Nigeria. https://stanbicibtc.com

2. Keystone Bank

Keystone Bank has been actively involved in educational development through its Education Scheme. This program encompasses various initiatives, including the award of scholarships to students based on set criteria. The scheme also involves stocking libraries with textbooks aligned with the National/State Curriculum, engaging in community advocacy for project support, and sponsoring capacity-building initiatives such as seminars, excursions, and training. These efforts aim to transform communities by enhancing educational opportunities and resources.

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3. Access Bank

Access Bank has launched several initiatives aimed at empowering students and young entrepreneurs. One such program is the Access Bank Youthrive Tech Scholarship, designed to provide hands-on training, live projects, mentorship, and networking opportunities to African youths interested in technology. The scholarship offers practical training that simulates real-world job scenarios, allowing participants to work on collaborative projects and build portfolio-ready products. Additionally, students receive guidance from industry experts and gain access to valuable networks that can enhance their career prospects.

Beyond scholarships, Access Bank has also initiated programs like the Women Digital Entrepreneurship Program (WDEP), aimed at equipping businesswomen with digital skills to enhance their business processes and ensure long-term market relevance. Another notable initiative is the Access Bank Youthrive Program for African Entrepreneurs, which seeks to empower and accelerate young entrepreneurs across Africa by providing capacity development, financial empowerment, and fostering business exchanges.

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4. Leadway Assurance

Leadway Assurance has engaged in various educational initiatives as part of its corporate social responsibility efforts. In collaboration with organizations such as MAC Bickersteth, KPMG, and Andersen, Leadway established the Seyi Bickersteth Scholarship Programme (SPSP) in 2021. This program awards full scholarships to ten deserving students each year, enabling them to pursue tertiary education. By investing in education, Leadway aims to empower young Nigerians to contribute to the nation’s future.

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5. Zenith Bank

While specific scholarship programs by Zenith Bank are not extensively documented, the bank has been known to support educational initiatives and capacity-building programs. Prospective candidates seeking employment with Zenith Bank are required to have successfully completed their first degree in a reputable higher institution and have completed their National Youth Service Corps (NYSC) programs or possess exemption certificates. This emphasis on educational qualifications underscores the bank’s recognition of the importance of higher education.

6. Bank of Industry (BOI)

The Bank of Industry (BOI) is a government-owned institution focused on supporting industrial development in Nigeria. While BOI’s primary mandate is not centered on providing scholarships, it has been involved in initiatives aimed at empowering youths and supporting educational development. For instance, BOI has sponsored capacity-building programs and collaborated with various organizations to offer scholarships and facilitate access to education.

7. Nigerian Education Loan Fund (NELFUND)

Although not a bank, the Nigerian Education Loan Fund (NELFUND) plays a pivotal role in providing financial support to Nigerian students. Established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024, NELFUND aims to provide financial assistance to qualified Nigerians for tuition and other fees during their studies in approved tertiary institutions and vocational and skills acquisition centers within Nigeria. The fund operates with a structured governance framework and has disbursed significant amounts to various institutions, benefiting thousands of students across the country.

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