Sterling Bank Launches ₦2 Billion Scholarship Fund for Private University Students

Sterling Bank has announced a groundbreaking initiative to award ₦2 billion in scholarships to deserving Nigerian youths for studies at private universities. This bold investment aims to bridge educational gaps, offer world-class learning opportunities, and equip young Nigerians with real-world skills for a brighter future.

What the Scholarship Covers

The program provides:

65% tuition coverage annually per student

A work–study arrangement with Sterling Bank during their studies, offering hands-on experience

Partnerships with reputable educational institutions (e.g., Nexford University)

Access to digital learning platforms and support services throughout their degree journey

Who Qualifies and How It Works

The scholarships target Nigerian secondary school leavers, especially those who:

Hold at least five O’‑Level credits, including English and Mathematics

Are not yet enrolled in any tertiary institution

Meet the bank’s application and guarantor requirements

Qualified applicants will:

Apply via Sterling’s official portal

Complete assessments and interviews

Join the “Grow with Sterling” work–study program, balancing studies with part-time work at the bank

Why It Matters

Affordable Quality Education – Private and international universities often cost more; this scholarship makes them accessible

Career-Ready Graduates – Students gain practical experience while studying, enhancing employability

Digital Learning Access – The program includes online platform subscriptions and guided support

Long-Term Economic Impact – Investing in education strengthens Nigeria’s human capital and future growth

Beyond Education: Long-Term Vision

Sterling Bank, through its HEART strategy, also supports education via funding schools and staff training, and through its philanthropic arm, the Sterling One Foundation. This scholarship aligns with their broader mission of empowering youth and building sustainable development in Nigeria’s education sector.

How to Apply

Visit Sterling Bank’s Grow with Sterling scholarship page

Confirm eligibility based on academic credentials and personal information

Submit essays, documents, and references as required

Prepare for aptitude tests and interviews as part of the selection process

What Recipients Gain

Up to ₦2 million per student per year in tuition support

Income from part-time roles at Sterling Bank

Certificate of degree from recognized private institutions

Experience working in a leading financial institution

Final Take

Sterling Bank’s ₦2 billion education initiative is a major step toward making premium education accessible and purposeful. By combining study with real-world banking experience, this program offers a well-rounded foundation for tomorrow’s leaders, innovators, and professionals.

Written By Fortune Davidson