Kora, Africa’s digital payment infrastructure company, has signed a Memorandum of Understanding (MoU) with Covenant University to create a N200 million endowment fund aimed at supporting deserving students. This initiative, announced on Saturday, seeks to alleviate financial constraints and enable students to complete their higher education.
The MoU was formalized by Kora’s CEO, Dickson Nsofor, and Covenant University’s Vice Chancellor, Abiodun Adebayo. The endowment fund will be disbursed over the next 10 years, aiming to have a lasting impact on students at Covenant University.
Kora stated that the fund will provide financial relief for tuition fees and enhance access for students from diverse financial backgrounds, thereby fostering long-term personal and professional development.
Dickson Nsofor expressed enthusiasm about the initiative, stating, “We are excited to make this endowment at Covenant University, reflecting 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.”
Covenant University, located in Ota, Ogun State, is recognized as one of the leading universities in Nigeria and West Africa, dedicated to nurturing the next generation of African leaders.
