Otti Enhances Financial Value of Scholarship Scheme, Adds 34 New Beneficiaries

Emmanuel Ugwu-Nwogo in Umuahia

The Abia State Governor, Mr. Alex Otti, has increased the financial value of the scholarship scheme, which he operated through the  Alex Otti Foundation (AOF).
He announced the news at the weekend during the 2022/2023 scholars banquet organised by the foundation to formally unveil 34 new beneficiaries added into the scholarship scheme.

The governor anounced that beneficiaries would henceforth receive N250, 000 per session as against the hitherto N150,000, representing 67 per cent increase in value of the scholarship.

The enhancement of the scholarship package was in apparent response to the new economic realities and hike in tuition fees by some public universities.
But Otti was quick to remind the new scholars and those already on the scheme that the rules have not changed, saying that every scholar must post a minimum of 3.5 GPA per session to remain a beneficiary.

“The scholarship scheme is targeted at students who will consistently remain at the top,” he said, adding: “We are building a new community of intellectuals who will tomorrow rule the world with their ideas.”

The Abia governor, who had as a private citizen, set up the AOF and has been running the scholarship component for past seven years, said it would remain private.

He emphasised that the AOF scholarship scheme has no link to Abia government and it would continue to be funded from private source as it has been from onset.