PalmPay Nigeria Limited has launched a major educational support initiative with the announcement of a N10 million scholarship fund for students of Bayero University, Kano (BUK). Under the scheme, 20 students will receive N500,000 each, making BUK the starting point of PalmPay’s nationwide scholarship programme.
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When is the Application Deadline:
Not yet announced. (PalmPay has officially launched the programme, and further application details are expected soon.)
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Tell Me About The Award:
PalmPay Nigeria Limited has launched a major educational support initiative with its ₦10 million flagship scholarship programme at Bayero University, Kano (BUK). As the first phase of PalmPay’s nationwide plan to support Nigerian students, 20 BUK students will each receive ₦500,000. The scholarship is part of a broader ₦2.4 billion commitment by PalmPay to empower students across over 50 tertiary institutions in Nigeria. This initiative aims to reduce financial barriers, encourage academic excellence, and uplift the company’s youthful customer base.
Which Fields are Eligible?
PalmPay has not specified fields; therefore, it is assumed to be open to all disciplines offered at BUK unless a later update states otherwise.
Type:
University Scholarship Programme / Educational Support Grant.
Who can Apply?
- Students of Bayero University, Kano (BUK)
- Further criteria (level, CGPA, department) will likely be announced by BUK and PalmPay
- Open to all eligible undergraduates who meet the programme requirements.
How are Applicants Selected?
PalmPay and BUK will jointly determine the selection process. It will likely include:
- Academic merit
- Need-based considerations
- Possibly verification through the Students Affairs Division
- Final approval under the new MoU signed between PalmPay and BUK
Which Countries Are Eligible?
Nigeria (specifically students enrolled at Bayero University, Kano).
Where will the Award be Taken?
Bayero University, Kano (BUK).
The scholarship supports students during their studies at the institution.
How Many Awards?
20 awards of ₦500,000 each for the first cycle at BUK.
What is the Benefit of the Award?
- ₦500,000 financial support per selected student
- Part of a broader PalmPay educational initiative worth ₦2.4 billion nationwide
- Enhanced academic support and reduced financial burden
- Long-term partnership between PalmPay and BUK for additional empowerment programmes
How Long Will the Award Last?
The ₦500,000 scholarship is a one-time award for the 2025 cycle.
PalmPay’s broader programme will continue across other Nigerian universities.
How to Apply:
PalmPay and BUK are expected to release the official application steps soon. Students should:
- Follow announcements from BUK Students Affairs Division.
- Monitor official communications from PalmPay Nigeria Limited.
- Prepare academic records and identification for eligibility verification.
Visit the Award Webpage for Details: https://www.buk.edu.ng/node/807
