• News - South South - Rivers
  • Updated: September 15, 2023

Scholarship: MTN Foundation Spends N3 Billion On Indigent Students In 10 Years

Scholarship: MTN Foundation Spends N3 Billion On Indigent St

The MTN Foundation has disclosed that it has disbursed the sum of N3 billion on scholarships for indigent science-based students.

According to the foundation, the scholarship is for students studying full-time science and technology-related courses as well as blind students studying any discipline in public universities, polytechnics and colleges of education.

Reginald Okaeh, a Director of the Foundation made the disclosure during an award ceremony for the incoming 300 MTN scholars in Port Harcourt on Thursday.

Okaeh noted that the scholarships were part of MTN's corporate social responsibility of giving back to society. 

“What you witnessed today is one of our projects and it has been ongoing for the past 10 years. It is a project that is targeted towards helping families that cannot afford tuition for their wards.

“Is our own way of giving back to the society. Is part of our Corporate Social Responsibility.

“So, every year as a foundation, we set out a certain amount of money for scholarships both for the blind and other students. 

“For this one, we have them in batches. This batch has about 300 beneficiaries. It is mainly for science students, for normal and disabled students,” Okaeh said.

The Director explained that a consultant conducts the selection process, including written examination, and shortlisting of qualified students before presenting them to the foundation.

“What we give to the beneficiaries is N200,000 per person every semester until you graduate.

But if drop in your grades we won’t continue with you. The grade is 3.5 grade point. So far since inception, we have spent about N3 billion," he explained.

Also speaking, the Regional General Manager for MTN, South-South ThankGod Otokpa, said, "In MTN we believe in outdoing ourselves, being the best version of who you can be.

“What MTN has given to them is a seed, hopefully, a seed sowed on a fertile ground and we believe in them, we believe in what they will become.”

Present at the award ceremony were representatives from the Rivers State Government and heads of some tertiary institutions across Nigeria.

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