Stanbic IBTC to Reward Successful UTME Applicants with Scholarships


Funmi Ogundare

Stanbic IBTC Holdings PLC, has announced its call for applications for its 2021/2022 scholarship program. Now in its second year, the program aims to encourage hard work and academic excellence among Nigerian undergraduates.

Students who have taken the 2021/2022 Unified Tertiary Enrollment Examination (UTME) and have been admitted to one of the higher education institutions in the country can apply for the scholarship program, worth 40 000,000 N. It is structured to cover academic expenses over a period of four years and will be paid to each successful candidate in increments of 100,000 N per academic session. Disbursements from the second year will also depend on maintaining a minimum of an upper second-class GPA and the good conduct of the beneficiary student as referenced by the university.

Managing Director, Stanbic IBTC Holdings
Dr Demola Sogunle said the organization recognizes the importance of education and its impact on the lives of young Nigerians, adding that it will continue to support the dreams and aspirations of young people through its various educational programs. “Education plays a vital role in the development of society as it empowers and encourages young Nigerians to prepare for the future while addressing current challenges.

“This is an important recipe for the growth and development of any organization or nation, thus constituting the rationale for the implementation of the Stanbic IBTC scholarship program. “

The organization, he noted, has continued to demonstrate that education is one of the fundamental pillars of its corporate social investment (CSI) initiatives and has reflected this position in its various activities.

According to him, “Over the years, we have demonstrated our commitment to supporting the future leaders of Nigeria through various plans. We are determined in this journey to allow our young people to showcase their potential and their innate talents.

“The Stanbic IBTC Fellowship Program, now in its second year, is a reaffirmation of our commitment to realize the dreams and educational aspirations of the Nigerian child.”

Selection criteria include a minimum score of 250 at UTME 2021 and a letter of admission to a Nigerian university issued by the Joint Admissions and Matriculation Board (JAMB) or the university. At the end of the scholarship application review process, only 100 successful applicants will be offered the scholarship. Potential participants can apply for the program through Stanbic IBTC’s website or through its social media platforms.


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