Sterling Bank Launches N2bn Private University Scholarships for Nigerian Youth

Sterling Bank, has announced an over N2bn commitment for fully-funded private university scholarships for young Nigerians. Unveiled on Democracy Day, the initiative titled Beyond Education, represents a decisive step towards building the country’s future leaders by dismantling the barriers that keep millions of Nigerians from accessing quality, future-focused learning.

This is one of the largest private sector investments ever made in a single Nigerian tertiary institution. It extends Sterling’s longstanding commitment to the HEART sectors: Health, Education, Agriculture, Renewable Energy, and Transportation. The bank has deployed over half a trillion naira in financing and development programs across these critical areas.

“Progress is not a spectator sport,” said Chief Executive of Sterling Bank, Abubakar Suleiman. “While others talk about Nigeria’s potential, we are actively investing in it. These scholarships are direct investments in the architects of our future. We are funding the education of future leaders who will build the companies, systems, institutions and solutions Nigeria needs to thrive.”

The Sterling Beyond Education program, he said, will fully sponsor 600 students to study high-impact fields such as Technology, Finance, Sales, and Public Health. “It is open to young Nigerians from all 36 states and the FCT, with a merit-based and inclusive admissions process. Candidates can nominate themselves or be nominated by others, and final selection will be determined through a public voting process open exclusively to Sterling account holders.

“This is what inclusive investment looks like,” said Growth Executive leading the Retail & Consumer Banking Directorate at Sterling Bank, Obinna Ukachukwu. “This initiative goes beyond access to education, it’s access to a future. Education remains the most valuable asset anyone can have, and we’re proud to stand behind young Nigerians as they claim it.”

Suleiman added, “The pilot program is in partnership with Miva University, founded by renowned tech entrepreneur Sim Shagaya. Fully accredited by the National Universities Commission, Miva is redefining higher education in Africa with scalable, affordable, and flexible programs tailored to the demands of the digital economy. 

The program also reflects Sterling’s advocacy for organisations to shift from short-term philanthropy to long-term ecosystem development. With deep investments in digitised healthcare, school financing, agricultural cooperatives, solar energy, and low-cost transport systems, Sterling is building pathways to inclusive prosperity.”

“We’re moving beyond charity,” Suleiman said. “This is about building systems that last and it is much bigger than hundreds of scholarships. It’s about the future those brilliant young minds will build for our country.”