20 BUK Students To Receive N500,000 Each As PalmPay Launches Flagship Scholarship Programme

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.

The Managing Director of PalmPay, Mr. Chika Nwosu, presented a symbolic cheque of N10 million to the Vice-Chancellor, Professor Haruna Musa, FSI, on Wednesday, 19th November 2025. He noted that PalmPay chose BUK as the first beneficiary of its flagship programme because of the university’s reputation as one of Nigeria’s leading institutions.

Mr. Nwosu revealed that the company has earmarked N2.4 billion to support students in over 50 Nigerian tertiary institutions, adding that the initiative is part of PalmPay’s commitment to giving back to its largely youthful customer base and contributing to national educational development.

He expressed gratitude to BUK students for their loyalty and assured that PalmPay would continue to invest in opportunities that uplift young Nigerians.

Responding, the Vice-Chancellor, Professor Haruna Musa, commended PalmPay for the generous gesture and emphasized the university’s readiness to strengthen its partnership with the company, especially in areas related to corporate social responsibility and student empowerment.

To formalize the partnership, the Vice-Chancellor, the Managing Director of PalmPay, and the Dean of Students Affairs, Professor Mukhtar Bunza, signed a Memorandum of Understanding (MoU) marking the official commencement of the scholarship scheme.