Kora Establishes ₦200 Million Endowment Fund for Students at Covenant University
Kora, a leading fintech company, has launched a ₦200 million endowment fund to support students at Covenant University over the next ten years. The fund aims to alleviate financial challenges, increase access to education, and create long-term career opportunities for students.
Chris Oyeoku Okafor 
In a landmark move to enhance educational opportunities, Kora, a prominent financial technology company, has launched a ₦200 million endowment fund aimed at supporting students of Covenant University. The initiative, spanning over a decade, is designed to alleviate financial burdens and ensure that deserving students complete their higher education without financial hindrance.
The Memorandum of Understanding (MOU) for the Kora Endowment Fund was signed by Kora’s CEO, Dickson Nsofor, and the Vice-Chancellor of Covenant University, Professor Abiodun H. Adebayo, marking the official establishment of the fund. The partnership aims to make a lasting impact on the lives of students by addressing key areas such as financial relief, access to education, and long-term career growth.
Speaking on the initiative, Dickson Nsofor emphasized Kora’s commitment to empowering young people across Africa: "We are excited to make this endowment at Covenant University, as it reflects our commitment to empowering young people and fostering a future where education is accessible to all, regardless of financial barriers. We believe that investing in education is essential for unlocking opportunities and creating a brighter future."
The fund is structured to support students in various ways:
- Financial Relief: Providing direct assistance to students struggling with tuition fees, ensuring they can continue their education without interruption.
- Increasing Access: Facilitating opportunities for more students to complete their higher education, irrespective of their financial backgrounds.
- Fostering Long-Term Opportunities: Preparing students to emerge as high-growth talents in the workforce and business sectors, thereby contributing to the economic development of the country.
The launch of this endowment fund underscores Kora’s dedication to social impact and the advancement of education in Nigeria. It is expected to set a precedent for corporate involvement in the educational sector, with the aim of building a stronger foundation for future generations.
The ₦200 million investment not only supports the immediate needs of students but also aligns with Kora's broader mission to foster a thriving educational ecosystem that contributes to the growth and development of Africa.
