Nigerian fintech company OPay has added four more tertiary institutions to its flagship scholarship programme, bringing the total number of partner schools nationwide to 24 as the company deepens its investment in education across the country.

The newly signed Memoranda of Understanding cover Benue State Polytechnic, Ugbokolo; Kogi State Polytechnic, Lokoja; Montgomery Polytechnic, Ikere Ekiti; and Alex Ekwueme Federal University, Ndufu Alike Ikwo, Ebonyi State.

Under the terms of the ₦1.2 billion, 10 year partnership, OPay will award scholarships valued at ₦300,000 each to 20 students per institution annually. The scheme is need based, targeting high performing students from financially disadvantaged backgrounds, with the full duration of the arrangement expected to benefit hundreds of beneficiaries across all partner campuses.

OPay's Corporate Social Responsibility Manager, Itoro Udo, described the expansion as a deliberate effort to widen the programme's reach across more states and communities.

"Education is one of the most powerful tools for changing a life, and we believe every student deserves a fair shot at it, irrespective of their background. Through this partnership, OPay is investing in students who have the drive but need the support. We are proud to stand with them and to keep expanding this commitment across more institutions and more communities," Udo stated.

The company noted that the scholarship initiative has recorded steady growth since its launch, reflecting a long term commitment to youth empowerment and academic excellence in Nigeria. The addition of four institutions extends the programme's footprint to new states and campuses, ensuring that more students in underserved communities gain access to financial support during their studies.

Each partner institution is expected to identify qualifying students annually based on academic performance and financial need, with OPay funding the awards directly through the terms of the signed agreements.

The fintech firm positioned the expansion as consistent with its broader mission of using financial tools and corporate investment to create a measurable impact in Nigerian communities.