Stanbic IBTC has expanded its university scholarship programme, awarding grants to 200 exceptional students for the second consecutive year in a bold move to empower Nigeria’s brightest minds. This significant increase from the initial 100 beneficiaries in 2019 underscores the financial institution’s growing commitment to fostering academic excellence and nurturing future leaders, according to a statement.
The scholarship programme, which has become a beacon of hope for high-achieving students nationwide, provides a launchpad for academic advancement and personal growth. By doubling the number of recipients, Stanbic IBTC has solidified its position as a key player in shaping Nigeria’s educational landscape, recognizing and rewarding scholastic prowess while paving the way for a new generation of leaders.
This university scholarship initiative propels the country’s future leaders, and it is an inspiring reward for academic excellence and hard work. The selected scholars from over 16,000 applications have demonstrated remarkable academic prowess, scoring 250 and above in the 2023 Unified Tertiary Matriculation Examination (UTME); and attaining a minimum of five credits in their O ’level examinations. Their admission into esteemed Nigerian federal and state universities was one of the criteria that qualified them for this auspicious opportunity.
The impact of this programme on its beneficiaries is visible from many angles. By covering the cost of four years of academic study with a substantial fund of N80 million, Stanbic IBTC removes the financial barriers that often hinder talented students from pursuing academic dreams. This support allows these young minds to focus entirely on their studies, fostering an environment where innovation and excellence can thrive.
The organisation applies a holistic approach to national development by supporting students from various academic fields. This reflects Stanbic IBTC’s vision of nurturing well-rounded leaders capable of addressing Nigeria’s multifaceted challenges.
The scholarship awards had an impressive gender balance, with 101 females and 99 males receiving the offer, underscoring Stanbic IBTC’s commitment to equality and inclusivity in education and all aspects of its operations. This approach ensures that talent is recognized and nurtured regardless of gender, contributing to a more balanced and progressive society.
Stanbic IBTC’s initiative also sets a powerful example for corporate involvement in education. By doubling the number of scholarships to be awarded for the second consecutive year, the firm demonstrates its growing commitment to educational empowerment and its belief in the potential of Nigerian youths.
Through this comprehensive scholarship programme, Stanbic IBTC invests not just in individual students, but in Nigeria’s future. By empowering these young leaders, the organisation contributes to developing a skilled workforce, fostering innovation, and laying the groundwork for sustainable national progress.
Stanbic IBTC’s university scholarship programme stands as a shining example of how corporate social investment in education should be. It celebrates the determination and talent of Nigerian youths while reinforcing the crucial role of education in shaping capable leaders and driving positive transformation across the nation.