PalmPay Unveils N10m Scholarship Scheme for BUK Students, Targets 50 Tertiary Institutions Nationwide
By Abbas Badmus
PalmPay Nigeria Limited has launched a major educational support initiative with the introduction of a N10 million scholarship fund for students of Bayero University, Kano (BUK). Under the scheme, 20 students will each receive N500,000, making BUK the pioneer beneficiary of PalmPay’s planned nationwide scholarship programme.
The Managing Director of PalmPay, Mr. Chika Nwosu, formally presented a symbolic cheque of N10 million to the Vice-Chancellor, Professor Haruna Musa, FSI, during a ceremony held on Wednesday, 19th November 2025. Nwosu said the company selected BUK as the starting point of the initiative in recognition of its status as one of Nigeria’s foremost institutions of learning.
He disclosed that PalmPay has earmarked N2.4 billion to support students across more than 50 tertiary institutions in Nigeria. According to him, the scholarship scheme aligns with the company’s commitment to giving back to its predominantly youthful customer base while contributing to the country’s educational and human-capital development.
Nwosu expressed appreciation to BUK students for their continued loyalty, assuring that the company would remain steadfast in creating opportunities that uplift young Nigerians.
In his remarks, the Vice-Chancellor, Professor Haruna Musa, lauded PalmPay for the generous intervention and reaffirmed the university’s readiness to deepen its collaboration with the company, particularly in areas of corporate social responsibility and student empowerment.
To seal the partnership, Professor Musa, Mr. Nwosu, and the Dean of Students Affairs, Professor Mukhtar Bunza, signed a Memorandum of Understanding (MoU), marking the formal commencement of the scholarship programme at the institution.
