Founder and Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has announced the launch of the Future Builders Fund, a scholarship initiative designed to support high-potential but under-resourced students in Nigeria pursuing degrees in Science, Technology, Engineering, and Mathematics (STEM).
According to a statement from the company, the programme seeks to remove financial and structural barriers that often hinder talented students from achieving academic and professional excellence. The initiative also aligns with Nigeria’s broader goals of strengthening its digital economy and fostering homegrown innovation.
Empowering Nigeria’s Next Generation of Innovators
The Future Builders Fund builds on Eniolorunda’s longstanding commitment to education and technology advancement. His previous contributions include the donation of a CAD/CAM laboratory worth over ₦100 million to Obafemi Awolowo University (OAU) and sponsorship of several youth innovation projects such as:
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The University of Lagos Entrepreneurship Challenge
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The Nigenius Inter-School Robotics Competition
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The NextGen Connect Interschool Oratory Competition
These initiatives collectively represent investments of more than ₦50 million in nurturing young innovators across Nigeria.
“Every child deserves the opportunity to become the best version of themselves, and socioeconomic barriers should not block the path to mastery and brilliance,” Eniolorunda said.
“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.”
Seven Universities, Fourteen Scholars
The pilot phase of the Future Builders Fund will provide scholarships to 14 students, with two beneficiaries selected from each of the seven federal universities across Nigeria’s six geopolitical zones.
Participating institutions include:
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Obafemi Awolowo University (Ile-Ife)
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University of Nigeria (Nsukka)
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University of Calabar
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University of Abuja
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Ahmadu Bello University (Zaria)
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University of Maiduguri
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University of Lagos
Each recipient will receive tuition support, hostel accommodation, a laptop, and a monthly stipend. In addition, they will have access to mentorship, leadership training, and entrepreneurship workshops tailored to strengthen their technical and innovative capacities.
Eligibility and Selection Criteria
Eligible applicants must be 200-level students from the listed universities. Applicants are required to submit their bio-data, academic transcripts, and a personal statement highlighting their financial need and career goals.
Shortlisted candidates will participate in a standardized aptitude test measuring academic ability, critical thinking, and problem-solving skills. The top two candidates from each institution will receive the award, renewable annually based on strong academic performance and demonstrated leadership growth.
How to Apply for the Future Builders Fund Scholarship
Interested and eligible students can apply online through the official application portal below:
👉 Apply Here – Tosin Eniolorunda Foundation Scholarship Application Portal : https://www.tosineniolorundafoundation.com/scholarshipapplication ( Copy and paste on your browser)
Application Steps:
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Visit the official application page via the link above.
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Complete the online application form with accurate personal and academic details.
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Upload your academic transcript, bio-data, and personal statement.
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Review your information carefully before submitting.
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Wait for confirmation and follow-up communication from the Foundation.
Applicants are advised to apply early and ensure all submitted information is genuine and verifiable.
Building a Future for Nigeria’s Digital Economy
The Future Builders Fund is part of a five-year pilot programme that integrates financial aid with mentorship, STEM skill development, and leadership exposure. The initiative underscores Moniepoint’s broader mission of investing in human capital and developing a pipeline of young Nigerians capable of driving the nation’s digital transformation.
Through this fund, Moniepoint is not only promoting educational equity but also positioning itself as a catalyst for Nigeria’s next generation of innovators, inventors, and entrepreneurs.