Sterling Bank Announces Over N2 Billion Scholarship Program for Nigerian Students
Sterling Bank has pledged more than N2 billion to provide fully-funded university scholarships for young Nigerians. The initiative, called “Beyond Education,” was launched on Democracy Day (June 12) as part of the bank’s effort to support future leaders by removing financial barriers to quality education.
This scholarship program is one of the largest private-sector investments in Nigerian higher education. It aligns with Sterling Bank’s focus on supporting key sectors known as HEART:
Health
Education
Agriculture
Renewable Energy
Transportation
So far, the bank has invested over half a trillion naira in projects across these sectors.
Scholarship Details: Who Can Apply?
The “Beyond Education” program will fully sponsor 600 students to study in high-demand fields, including:
Technology
Finance
Sales
Public Health
The scholarship is open to young Nigerians from all 36 states and the Federal Capital Territory (FCT).
How to Apply:
Nomination Process: Students can nominate themselves or be nominated by someone else.
Public Voting: Final selection will be decided through a public voting process, but only Sterling Bank account holders can vote.
Merit-Based Selection: The process ensures fairness and rewards academic excellence.
Why This Scholarship Matters
Abubakar Suleiman, Sterling Bank’s Chief Executive, explained:
“Progress is not a spectator sport. While others talk about Nigeria’s potential, we are actively investing in it. These scholarships are direct investments in the architects of our future—the leaders who will build companies, systems, and solutions to move Nigeria forward.”
Obinna Ukachukwu, Growth Executive at Sterling Bank, added:
“This is what inclusive investment looks like. We’re not just giving access to education; we’re giving access to a better future. Education is the most valuable asset anyone can have, and we’re proud to support young Nigerians in achieving it.”
Partnership with Miva University
The scholarship’s pilot program will be in partnership with Miva University, a private university founded by Sim Shagaya, a well-known tech entrepreneur.
Key Facts About Miva University:
Fully accredited by the National Universities Commission (NUC).
Offers flexible, affordable, and digital-friendly programs designed for the modern economy.
Focuses on practical, job-ready skills to prepare students for the workforce.
Sterling Bank’s Long-Term Vision
Sterling Bank is moving beyond short-term charity to create lasting change. The bank is also investing in:
Digital healthcare
School financing
Agricultural cooperatives
Solar energy projects
Low-cost transport systems
Suleiman emphasized:
“This is not just about scholarships. It’s about building systems that last. We’re investing in brilliant young minds who will shape Nigeria’s future.”
Sterling Bank’s N2 billion scholarship program is a major commitment to education and national development. By supporting 600 students in critical fields, the bank is helping to build a generation of skilled professionals who will drive Nigeria’s growth.
Key Takeaways:
✅ 600 fully-funded scholarships for Nigerian students.
✅ Open to applicants from all 36 states + FCT.
✅ Focus on Technology, Finance, Sales, and Public Health.
✅ Partnership with Miva University for quality education.
✅ Part of Sterling Bank’s larger HEART initiative for national development.
This initiative shows that real progress comes from action, not just words. Young Nigerians now have a life-changing opportunity to secure their education and build a better future.
