Following its successful launch in 2019, with the selection of 100 students nationwide, the annual Stanbic IBTC University Scholarship programme has proven to be a launchpad for Nigeria's brightest minds to advance academically; providing a supportive environment to for them to reach their full potential.
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.
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