The grants, which would provide the students with the financial aid needed to fulfill their educational needs and pursue their dreams, demonstrated the financial institution’s commitment towards the growth of the Nigerian education sector.

ALSO READ: Stanbic IBTC gives N34.8m in scholarship to successful UTME students

Each of the successful candidates, who had recently gained admission into universities, would receive scholarships valued at N400,000.

The grants would be disbursed in tranches of N100,000 across four academic years.

The financial institution stated that it focused on empowering bright-minded individuals with the capacity to gain adequate knowledge needed to become great men and women in life.

The initiative which commenced in 2019 now has had almost 200 recipients.

The beneficiaries were chosen across the six geo-political zones in Nigeria through fair screening processes.

According to Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings, the scholarship was borne out of the need to empower hardworking and diligent young Nigerian undergraduates, who aspired to pursue their tertiary education in any state or federal university in Nigeria.

“We believe that everyone deserves a chance to access quality education and we believe in rewarding students who have shown remarkable academic excellence. This initiative will go a long way in easing the financial burdens of these undergraduates who participated in the UTME and gained admission into various Nigerian state and federal universities for the 2021-2022 academic session. We are pleased to announce the 100 winners of this year’s scholarship scheme for undergraduates in 33 universities across the 36 states and the FCT. We wish them great success in their academic journey” he said.

Asides the first tranche of disbursement, subsequent disbursements would be subject to beneficiaries maintaining their enrolment in their respective universities and degree programs they were admitted into, adhering to the academic and administrative policies of the university, and the provision of a letter of good conduct issued by their respective departments. Beneficiaries would also be required to maintain a Cumulative Grade Point Average (CGPA) of at least a second class upper range, amongst other requirements.

Demola further added that education remained one of the keys to facilitating a nation’s prosperity, hence the introduction of the scholarship initiative.

Stanbic IBTC remains committed to driving value-added initiatives like the University Scholarship programme to contribute to the educational development of the Nigerian youth.

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To further extend its impact, Stanbic IBTC increased the number of beneficiaries to 200 in 2023 and has sustained this increase for the second consecutive year.

This expansion solidifies the programme as a remarkable opportunity to foster the development of Nigeria’s future leaders by recognizing and rewarding academic excellence.

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 (5) 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 80 million Naira, 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 organization 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.

The upcoming hybrid award ceremony scheduled for Friday, 26 July 2024, will celebrate these achievements and create a sense of community among scholars, their families, and stakeholders. This event will undoubtedly inspire and motivate other students nationwide to pursue academic excellence.

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 organization 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.

The post Stanbic IBTC Offers Scholarship to 200 Nigerians appeared first on Tech | Business | Economy.

The initiative is designed to support and invest in the educational development of exceptional Nigerian youths.

Through the initiative, scholarships will be awarded to 200 students across the country, thus reaffirming Stanbic IBTC’s commitment to supporting education and providing opportunities for outstanding students to achieve their academic dreams.

Building on the success of last year’s programme, this year’s scholarship targets students who have demonstrated academic excellence.

Requirements

• To qualify, students must have a UTME score of 250 and above, at least five credits in O’Level (WAEC or NECO), and proof of admission to a Nigerian federal or state university.
• The scholarship aims at relieving financial burdens and inspire students to strive for excellence in their academic pursuits.

Stanbic IBTC also said  the award ceremony for the scholarship recipients will be a hybrid event, allowing participants to join either physically or virtually.

The inclusive approach ensures that students, parents, and stakeholders from all regions can partake in the celebrations.

Dr. Demola Sogunle, Chief Executive at Stanbic IBTC Holdings, emphasized the importance of the initiative, stating,

“At Stanbic IBTC, we strongly believe in the transformative power of education. Our commitment to this cause is clearly demonstrated through our scholarship programme, which is designed to nurture and develop the potential of Nigeria’s youth. Our mission is to provide these talented individuals with the resources and support they need to excel academically. We encourage eligible students to take advantage of this opportunity by applying to our programme. This step could be the key to unlocking their academic aspirations and achieving their goals.”

Dr. Sogunle further emphasized the importance of the initiative, explaining how the organization plans to empower young people through comprehensive educational programmes.

He said, “Our efforts aim at equipping young people with knowledge, inspiring innovation, and foster a spirit of leadership, ensuring they have the necessary tools and support to make positive changes in their communities and beyond.”

How to Apply

Applications for the 2023/2024 university scholarship are currently ongoing and close on Sunday, 30 June 2024. Interested students are encouraged to visit here for more information on how to apply.

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