Stanbic IBTC Unveils 2023 University Scholarship Scheme for Nigerian Scholars

Stanbic IBTC’s 2023 University Scholarship Scheme for Nigerian scholar is set to empower 200 academically exceptional Nigerian students.

This investment in education symbolizes a brighter future for the nation.”

Stanbic IBTC Holdings PLC, an esteemed member of the Standard Bank Group, has proudly announced its highly respected University Scholarship Award for 2023, which will generously benefit 200 outstanding Nigerian students.

The Pioneering Scholarship Award

The illustrious scholarship, valued at an impressive N80,000,000.00 for 2022, is aimed at bolstering the educational pursuits of deserving Nigerian undergraduates who showcased remarkable academic prowess in the 2022 University Tertiary Matriculation Examination (UTME) and met other prerequisite conditions.

Funding Structure and Conditions

The scholarship’s financial backing will be extended in annual tranches across a four-year academic span, ensuring these young minds have the necessary fiscal support to cover their educational expenses.

The continuing reception of these funds, however, hinges on the beneficiaries’ adherence to set criteria, including maintaining enrollment at their universities and conforming to the academic and administrative policies laid out by their respective institutions.

By meeting these conditions, these fortunate students will have uninterrupted access to the scholarship throughout their academic journey.

Expanding the Reach of Education

Stanbic IBTC’s Chief Executive, Dr. Demola Sogunle, during his inaugural speech at the virtual award ceremony, eloquently stressed the firm’s recognition of education as a powerful tool in molding Nigeria’s future.

The scholarship’s primary aim, he stated, is to grant boundless opportunities to talented Nigerians who have proven their academic mettle.

In a significant move, the firm raised the number of annual scholarship recipients from 100 to 200, reiterating the firm’s belief that education should be an accessible right for all, rather than an exclusive privilege.

The Rigorous Selection Process

The process to identify the scholarship recipients was both stringent and impartial, with beneficiaries handpicked from each of the six geopolitical zones in Nigeria.

The candidates underwent a rigorous evaluation based on merit, underscoring the program’s commitment to promoting exceptional academic performance.

An Investment in the Future of Nigeria

By infusing substantial financial aid into the academic pursuits of these exceptional students, Stanbic IBTC is not only transforming individual lives but also laying the groundwork for a prosperous future for the nation.

This visionary step will enable the 200 scholarship recipients to chase their dreams, secure in the knowledge that they have Stanbic IBTC firmly backing them, and thereby investing in a brighter future for Nigeria.

By contributing to their education, Stanbic IBTC is also investing in the country’s overall development and prosperity.

This move signifies a commitment to the Nigerian youth, fostering growth and promoting advancement in their lives and, by extension, the nation as a whole.

The Stanbic IBTC University Scholarship Scheme for 2023 indeed represents a significant stride in ensuring the accessibility of quality education to deserving Nigerian students, thereby paving the path for a brighter, more prosperous future for the nation.


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