In a significant move to enhance educational accessibility, Africa’s digital payment infrastructure company, Kora, has entered into a Memorandum of Understanding with Covenant University to establish a N200 million endowment fund.
This initiative, announced on Saturday, aims to provide crucial financial assistance to deserving students, empowering them to pursue their higher education without the burden of financial constraints.
The agreement was formalized by Kora’s Chief Executive Officer, Dickson Nsofor, and Covenant University’s Vice Chancellor, Abiodun Adebayo. The endowment fund is set to be disbursed over the next decade, with the goal of creating a lasting positive impact on the university’s student body.
By alleviating tuition fees and increasing access for students from various financial backgrounds, Kora is committed to fostering long-term opportunities for personal and professional growth.
Dickson Nsofor expressed enthusiasm for the initiative, stating, “We are thrilled to establish this endowment at Covenant University, as it reflects our commitment to empowering youth and ensuring that education is accessible to all deserving individuals, irrespective of financial barriers. Investing in education is crucial for unlocking opportunities and building a brighter future for everyone.”
Covenant University, located in Ota, Ogun State, is dedicated to nurturing the next generation of African leaders and is recognized as one of the premier universities in Nigeria and West Africa.
