CSR: MTN Foundation spends N1.9bn on scholarships in seven years

The corporate social investment arm of MTN Nigeria, MTN Foundation, throughout the month of September 2018, awarded scholarships to more than 400 students worth N200,000 yearly.

The scholarship was divided into two categories. The first category was for students studying science and technology courses while the second was awarded to visually impaired students.

During the award ceremony which was held in Lagos, the Foundation’s arm of the ICT company also inducted previous beneficiaries of the scholarship programme into the Alumni association of MTNF scholarships comprising both the sighted and the visually impaired.

The Director, MTN Foundation, Mr. Dennis Okoro, during the event in Lagos said:  “Aiding and enlightening the lives of the Nigerian youth is something that is deer to us and close to our hearts, which is why MTNF has been awarding scholarships to Nigerian student since 2011.”

Okoro added that the company intend to impact positively on the nation.

“Our impact goes beyond statistics and figures; it is to shape Nigeria’s future through education and to invest in the lives of tomorrow’s leaders by providing them with an opportunity to pursue their dreams despite financial limitations.”

He outlined that a total of 7,500 students applied for the MTN Foundation science and technology scholarship scheme, while a total of 1,500 students took the test and 500 students won the scholarship.

“It is a scholarship won by merit. As students maintain their good grades, they continue to receive an annual grant of N200, 000, while for the visually impaired, any of the students could apply irrespective of their course of study.”

The MTN Foundation was launched in 2005 with the sole aim of improving quality of life in communities across the country. For more than a decade, it has helped impact lives positively through several social investment programs in the areas of education, health and economic empowerment.