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Africa’s digital payment infrastructure company, Kora, has signed a Memorandum of Understanding with Covenant University to establish a N200m endowment fund.
The initiative, announced in a statement on Saturday, aims to provide financial assistance to deserving students, enabling them to complete their higher education without financial constraints.
The MoU was signed by the Chief Executive Officer of Kora, Dickson Nsofor, and the Vice Chancellor of Covenant University, Abiodun Adebayo.
The company said the endowment fund would be disbursed over the next 10 years and was designed to create a lasting impact on Covenant University students.
It said that by offering financial relief for tuition fees and increasing access for students from diverse financial backgrounds, the infrastructure provider would be fostering long-term opportunities for personal and professional growth.
The Chief Executive Officer of Kora, Dickson Nsofor, stated, “We are excited to make this endowment at Covenant University given that it reflects our commitment to empowering young people and fostering a future where education is accessible to those deserving, regardless of financial barriers.
“We believe investing in education is essential to unlocking opportunities for all as well as creating a brighter future.”
Dedicated to developing the next generation of African leaders, Covenant University, located in Ota, Ogun State, is one of the top universities in both Nigeria and West Africa.
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