In a bold move to empower the next generation, Opay Digital Services Limited has announced ₦60 million scholarship programme for 20 students of Lagos State University (LASU), under the auspices of LASU-SDG in collaboration with Lagos State University Directorate of Advancement (LASUDA).
The 10-year sponsorship, sealed with the signing of a Memorandum of Understanding (MoU) at the Senate Chamber, Babatunde Raji Fashola Senate Building, of the university main campus in Ojo, Lagos, underscores Opay’s dedication to education, innovation and youth development in Nigeria.
The Vice-Chancellor, Professor Ibiyemi Olatunji-Bello, commended the Opay team for bringing such an opportunity to LASU, and emphasized its significance in supporting twenty (20) deserving students. She described the scholarship initiative as a gesture of goodwill and corporate social responsibility by Opay Digital Services Limited, aimed at fostering academic excellence and alleviating the financial challenges faced by students.
Opay Chief Executive Officer, Elizabeth Wang, expressed the company’s delight at partnering with LASU on the laudable initiative. She shared the company’s motivation behind the scholarship scheme, which began in 2018, reaffirming Opay’s unwavering commitment to supporting education and youth empowerment.
Wang further explained that the initiative seeks to ease financial burdens and inspire students towards academic excellence. She outlined Opay’s mission to make financial services more inclusive through technology and its vision to become a respected and widely recognised brand by offering stable, accessible, and affordable financial solutions.
She reiterated the company’s commitment to corporate social responsibility, particularly in education, noting that students represent the future of society. Reinforcing this commitment, Wang announced that Opay would sponsor 20 students annually for the next 10 years, helping them to pursue their academic and professional aspirations.
The CEO also revealed that the company, which currently has a staff strength of over 5,000, plans to provide internship and employment opportunities for LASU students as part of the collaboration.
Earlier in opening remarks, the Director, LASU-SDG, Professor Tayo Ajayi, highlighted the role of the University’s Centre for the actualisation of the United Nations Sustainable Development Goals (UN-SDGs) in facilitating the partnership.
OPAY boosts 20 LASU students morale with 10-year N60million scholarship
