Sterling Bank Unveils N2bn Scholarship Fund for Young Nigerians to Attend Private University

In a bold move to boost access to quality education, Sterling Bank has launched a 2 billion scholarship program for young Nigerians to study at Miva University, a top private institution.

Announced on Democracy Day, the initiative, Beyond Education will fully sponsor 600 students across Nigeria to study high-impact courses like Technology, Finance, Sales, and Public Health.

According to Sterling Bank CEO, Abubakar Suleiman, the program reflects the bank’s commitment to investing in Nigeria’s future.

“These scholarships are direct investments in the architects of our future,” Suleiman said.

The scholarships are open to applicants from all 36 states and the FCT. Candidates can self-nominate or be nominated by others. Final selection will be based on public voting, limited to Sterling Bank account holders.

Obinna Ukachukwu, Growth Executive at the bank, described the move as more than just educational aid:

“It’s access to a future. We’re proud to support young Nigerians in shaping theirs.”

This initiative is one of the largest private sector investments ever made in a single Nigerian tertiary institution and aligns with the bank’s HEART strategy, focusing on Health, Education, Agriculture, Renewable Energy, and Transportation.

The program is being run in partnership with Miva University, founded by tech entrepreneur Sim Shagaya, and fully accredited by the National Universities Commission (NUC). The institution is known for its flexible, affordable, and digital-first learning model.

Sterling Bank’s latest move highlights a shift from traditional philanthropy to long-term ecosystem development in Nigeria.

“We’re moving beyond charity. It’s about the systems these future leaders will build,” Suleiman added.