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

Vanessa by Vanessa
June 13, 2025
in Business
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Sterling Bank Unveils N2bn Scholarship Fund for Young Nigerians to Attend Private University
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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.

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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.

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Tags: Sterling Bank
Vanessa

Vanessa

I'm a journalist and relationship columnist. Nigeria Media Merit (NMMA) 1st Runner Up Award Recipient. I'm passionate about arts, entertainment,marriage, religion and politics. I love giving back to society.

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Polaris Bank Empowers Over 3,000 Youths at 2025 Maracana Children’s Fest in Ajegunle Lagos, Nigeria – July 21, 2025 – Polaris Bank, a leading digital commercial bank in Nigeria, has reaffirmed its commitment to youth development and social inclusion by supporting the 2025 Maracana Children’s Fest. The grassroots event, organised by the Nathaniel Idowu Foundation, took place at the iconic Maracana Stadium in Ajegunle, Lagos. The festival brought together over 3,000 primary and secondary school pupils, students, their families, and community leaders. It celebrated youth empowerment through sports, creativity, and community engagement. Polaris Bank’s sponsorship included the provision of meals, palliative food packages, and various functional souvenirs distributed to participants and their families, underscoring the bank’s dedication to social responsibility and community impact. Kayode Lawal, Managing Director of Polaris Bank, represented by the Head of Brand Management & Corporate Communication, Rasheed Bolarinwa, stated: > “We are proud to support the Maracana Children’s Fest and contribute to such a meaningful initiative. This event enabled us to connect with the next generation and their families, promoting youth development and financial inclusion. Our support reflects Polaris Bank’s commitment to empowering young people and uplifting communities through impactful programmes.” The event also featured the presence of seven former Super Eagles players, whose participation inspired attendees and fostered a greater sense of community pride. Through its support of the Maracana Children’s Fest, Polaris Bank has reinforced its role as a socially responsible institution dedicated to enhancing the well-being of Nigerian communities. The bank continues to prioritise youth empowerment, education, and financial inclusion as integral pillars of its corporate social investment and sustainability agenda.
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