Sterling Bank announces first 30 beneficiaries of N2 Billion scholarship see details

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Sterling Bank has announced the first 30 beneficiaries of its N2 billion ‘Beyond Education’ scholarship, a nationwide initiative aimed at funding university education for 600 exceptional young Nigerians. The scheme, launched in June 2025, is designed to cover full undergraduate tuition at Miva Open University and Hillside University of Science & Technology.

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According to Obinna Ukachukwu, Growth Executive for Consumer and Business Banking at Sterling Bank, the scholarship is more than just a financial aid programme. “This is more than a scholarship. It’s a national development strategy. We’re closing the gap between education and employability. Our mission is to prepare young people for the future of work in sectors that matter most to Nigeria’s progress,” he said.

The selection process was community-driven, with account holders of the bank voting for nominees who were then vetted to ensure they met admission requirements at the partner universities. The 30 inaugural winners include Abdulahi Afolabi, Damilare Tijani, Abdulwahab Eniafe, and others

While the scholarship covers tuition, recipients are expected to bear the cost of internet access, study materials, and living expenses. This model is designed for “sustainability and scale”, according to the bank.

The initiative aligns with Sterling’s HEART strategy, an investment model focused on Health, Education, Agriculture, Renewable Energy, and Transportation. With 570 scholarships still available, the bank stated that nominations for the next round would resume in September. “To ensure effective rollout, nominations for the next round of candidates will pause until September 2025,” the statement added.

The bank reiterated its commitment to expanding access to quality education and “helping shape a future-ready workforce for Nigeria”. The ‘Beyond Education’ scholarship is a significant step in the bank’s commitment to long-term national development through strategic investment in human capital

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