Developing Nigerian Undergraduates Through the IBTC Bank 2024 University Scholarship

Established in 2023, the Stanbic IBTC University Scholarship program supports academically gifted students in Nigeria. It seeks to reduce the cost of a university education so students can concentrate on their studies.
The scholarship is also a way of praising and recognizing outstanding work among Nigerian academicians. This equips them with the necessary intellectual and professional growth to become future leaders.

Benefits of the scholarship

The Stanbic IBTC University Scholarship helps ease the financial burden of university education by providing a sizeable monetary prize. Selected students from all 36 member states of the federation and the Federal Capital Territory (FCT) receive a portion of the N80 million total scholarship fund. Each receiver may receive a different amount, but it can go a long way toward helping with other educational costs like tuition.

Application DeadlineJune 30, 2024
Funding typePartially Funded
Country to studyNigeria
Sponsor Stanbic IBTC Bank
Gender ALL

Eligibility and Criteria

To be eligible for the Stanbic IBTC University Scholarship, candidates need to fulfill the following requirements:

  • Applicants must have recent passport photographs.
  • Valid ID card and voter’s card.
  • Birth certificate or an international passport.
  • Must have participated in and received a score of at least 250 on the Joint Admissions and Matriculation Board (JAMB) 2023 Unified Tertiary Matriculation Examination (UTME) or University admission letter.
  • They must be enrolled in an accredited undergraduate program at a Federal or State university in Nigeria.
  • They must have a minimum of 5 credits (WAE, NEC, and GCE).

Selection Criteria

Stanbic IBTC uses a strict selection procedure to ensure the most worthy applicants secure the scholarships. Some of the key selection point include:

UTME score: One of the most essential factors is demonstrating a solid academic performance in the UTME.

Admission course: Students are likely to win the scholarship if they select courses strategically related to Stanbic IBTC’s business objectives.

Prior academic history: A good record of academic success in secondary education strengthens the application. Extracurricular activities: Showing leadership abilities, volunteer work, or noteworthy accomplishments outside of the classroom can be advantageous.

Application Documents

The following are the documents any applicant who wishes to apply must have:

  • Complete application form
  • UTME results slip
  • University admission letter; WAE, NEC certificates with at least five credits
  • A letter of recommendation from the principal (optional)

Application deadlines

The deadline for submitting applications is June 30, 2024. While there are set dates for the application, the selection and announcement of the recipients may vary every year. For updates, you can keep an eye on the official IBTC Bank scholarship website.

How to Apply

Step 1: Go to the official website for the Stanbic IBTC scholarship. Step 2: Go over the application procedure and eligibility requirements carefully. Step 3: Prepare the necessary documentation: academic transcripts and a neatly organized resume. Step 4: Before the deadline, complete the online application form. Step 5: Fill out an application on the Stanbic IBTC Bank scholarship page.

Final Word

If you are a brilliant Nigerian undergraduate student looking for a life changing opportunity, the IBTC Bank 2024 University Scholarship is worth your consideration. IBTC Bank develops the next generation of leaders through mentorship, financial support, and academic success. The bank’s commitment to corporate social responsibility and its belief in education’s transformative power are evident in this endeavor.

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