Lagos State University (LASU) has become the latest beneficiary of OPay’s N1.2 billion 10-Year Scholarship Programme, following the signing of a Memorandum of Understanding (MoU) between the fintech firm and the institution on Monday.
According to a statement from OPay Digital Services Limited, the partnership is part of its long-term Empowering Futures initiative, a Corporate Social Responsibility (CSR) programme aimed at supporting academically outstanding but financially challenged students across Nigerian universities.
Under the agreement, 20 LASU students will receive fully funded scholarships every year for the next 10 years, covering tuition and other academic needs. The initiative is designed to promote equal access to education and nurture future leaders in innovation, technology, and business.
During the official signing ceremony held at the university campus, the Vice Chancellor of Lagos State University, Professor Ibiyemi Olatunji-Bello, praised OPay for its investment in education and youth empowerment. She described the gesture as a demonstration of the company’s deep commitment to social development and national growth.
“Today we gather to celebrate a remarkable gesture of goodwill and corporate social responsibility from OPay Digital Services Limited. This generous act underscores OPay’s commitment to fostering academic excellence and supporting the dreams of young Nigerians. The scholarship will undoubtedly alleviate financial burdens and motivate our students to strive for excellence,” Olatunji-Bello said.
She added that the partnership reflects a shared vision between LASU and OPay to empower Nigerian youths through education, technology, and innovation. “As Nigeria’s leading educational institution, Lagos State University remains committed to providing quality education and holistic development opportunities for our students. We appreciate OPay’s trust in our institution and look forward to a fruitful collaboration,” she said.
The Registrar of LASU, Mr. Emmanuel Fanu, also expressed gratitude to OPay for extending the scholarship to the university. He stated that the initiative would make a lasting difference in the lives of students who might otherwise struggle to complete their education due to financial constraints.
“We thank OPay for this scholarship opportunity. You may not immediately know the impact this gesture will have, but it will transform lives and motivate these students to become valuable contributors to society,” he said.
Representing OPay at the event, the company’s Chief Operating Officer, Elizabeth Wang, reaffirmed the fintech’s commitment to empowering the next generation through sustainable educational investment.
“Since our establishment in Nigeria in 2018, our mission has been to make financial services more inclusive through technology. Beyond this, we believe education is the foundation of every society, and students represent the future. That’s why OPay is committed to sponsoring 20 students of this university every year for the next 10 years to help them pursue their dreams more easily,” Wang explained.
She further revealed that OPay plans to open Cyberlabs at partner institutions and provide graduate employment opportunities for students within its growing workforce of over 5,000 employees. According to her, this forms part of OPay’s broader youth development strategy aimed at bridging the gap between academia and industry.
The N1.2 billion OPay 10-Year Scholarship Programme is a major part of the company’s CSR vision to nurture young talent, advance digital literacy, and promote inclusive socio-economic growth across Nigeria. The scholarship aligns with the firm’s mission to create a sustainable impact beyond financial inclusion by contributing to national human capital development.
Since its launch, OPay has positioned itself as one of Nigeria’s leading financial technology companies, offering services such as money transfer, bill payments, card services, airtime and data purchase, and merchant payments. The company is licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), with the same protection framework as commercial banks.
Renowned for its fast, secure, and user-friendly digital network, OPay continues to expand its operations and social investment projects, focusing on technology-driven inclusion and educational empowerment. The partnership with LASU reinforces its goal of enabling young Nigerians to achieve their full potential and contribute to national progress.
