Stanbic IBTC Set to Reward Successful UTME Candidates with Scholarship Awards

Funmi Ogundare

Stanbic IBTC Holdings PLC, has announced its call for applications for its 2021/2022 scholarship programme. Now in its second year, the programme is aimed at encouraging hard work and academic excellence among Nigerian undergraduates.

Students who participated in the 2021/2022 Unified Tertiary Matriculation Examination (UTME) and have gained admission into any of the tertiary institutions in the country can apply for the scholarship scheme, valued at N40,000,000. It is structured to cater for academic expenses across a period of four years and will be disbursed to each successful applicant in tranches of N100,000 per academic session. Disbursements from the second year will also be dependent on the maintenance of a minimum of a second-class upper CGPA and good conduct of the beneficiary student as referenced by the university.

Chief Executive, Stanbic IBTC Holdings
Dr. Demola Sogunle, said the organisation recognises the importance of education and its impact on the lives of Nigerian youths, adding that it would continue to support the dreams and aspirations of youths through its various educational programmes. “Education plays a critical role in societal development as it empowers and encourages Nigerian youths to prepare for the future while navigating current challenges.

” It is an important recipe for the growth and development of any organisation or nation, thus forming the rationale for the implementation of the Stanbic IBTC scholarship programme.”

The organisation, he noted, has continued to demonstrate that education is one of the core pillars in its Corporate Social Investment (CSI) initiatives and has reflected this stance in its various activities.

According to him, “over the years, we have demonstrated our commitment to support the future leaders of Nigeria through various plans. We are resolute in this course to enable our youths to showcase their innate potentials and talents.

“The Stanbic IBTC scholarship programme, which is in its second year, is a reaffirmation of our pledge towards actualising the dreams and educational aspirations of the Nigerian child.”

The criteria for selection include a minimum score of 250 in the 2021 UTME and a letter of admission into a Nigerian university issued by the Joint Admissions and Matriculation Board (JAMB) or the university. Upon completing of the scholarship application review process, only 100 successful applicants will be offered the scholarship. Intending participants can apply for the programme through the Stanbic IBTC website or via its social media platforms.