Stanbic IBTC Scholarship For Undergraduate Students: The Best Undergraduate Scholarship For Nigerian Students

Stanbic IBTC Scholarship For Undergraduate Students

The Stanbic IBTC Scholarship is an N80 million grant awarded to selected university students from all 36 states of the federation and the FCT to help them complete their studies until they graduate.

As they have been doing over the years (Stanbic IBTC Scholarship) through various initiatives like the Youth Leadership Series (YLS), Higher Institution Football League (HIFL),
Digital Skill Empowerment Programme (DiSEP),

Adopt-A-School, and so on, the company’s goal of supporting the dreams and aspirations of Nigerian youths is being carried out through the scholarship program.


The scholarship program is available to students who took part in the 2024 Unified Tertiary Matriculation Examination (UTME) and were accepted into any state or federal institution in Nigeria.

Stanbic IBTC Scholarship Summary

1. Host Country: Nigeria

2. Category: Undergraduate Scholarships


3. Eligible Countries: Nigeria

4. Reward: Full Scholarship | N4m Fund | Job Opportunity

5. No IELTS Required

6. Deadline: June 30, 2024

Stanbic IBTC Scholarship For Undergraduate Students
Stanbic IBTC Scholarship For Undergraduate Students

Goals Of The Stanbic IBTC Scholarship For Undergraduate Students

Its goal is to promote academic excellence and hard work among Nigerian undergraduates.

According to Dr. Demola Sogunle, CEO of Stanbic IBTC Holdings PLC, the company values education and its positive effects on the lives of young Nigerians.

He states that “education empowers and encourages youth to confront challenges and prepare for the future.”

Any country or organization can expand and thrive sustainably with the help of education.

Eligibility Criteria for the 2024 Stanbic IBTC University Scholarship

To qualify for the Stanbic IBTC University Scholarship, you must:

1. Be residing in Nigeria and take part in the Joint Admission and Matriculation Board’s 2023 University Tertiary Matriculation Examinations (UTME).

2. Have a JAMB score of 200 or above.

3. Having been admitted and legitimately enrolled in a Nigerian Federal or State University (“University”), with required documentation.

4. The Scholarship is provided on the condition that you remain enrolled at the University in your admitted degree program.

5. The Stanbic IBTC University Scholarship is not open to Stanbic IBTC employees or their immediate family members.

Required Documents For Stanbic IBTC Scholarship

When applying for the 2024 Stanbic IBTC Scholarship, the following files must be provided to

  • Recent Passport Photograph
  • Valid ID Card- NIN slip, voter’s card, birth certificate or international passport
  • UTME Result with a minimum score of 250
  • Minimum of 5 credits (including Mathematics and English Language) in the O’Level ( WAEC, NECO, or GCE) with a valid Statement of Result or Certificate
  • JAMB or University Admission Letter

Benefits of the Stanbic IBTC Scholarship 2024

A scholarship fund of N80 million has been established to support the goals and aspirations of 200 Nigerian youngsters over four academic years.

How to Apply for the Stanbic IBTC Scholarship 2024

Step by Step:

To be considered for the Stanbic IBTC Scholarship 2024, candidates who meet the requirements should:

  • Click the button below to get to the scholarship application page.
  • Read the instructions and then click on NEXT.
  • Fill out the personal information box and upload any relevant papers.
  • Scholarships will only be offered to applicants who follow the guidelines and meet all the eligibility conditions.
  • Winners will only be reached through the legitimate email address they supply.
  • Applicants who intend to study courses connected to the “future of work” will have an advantage (for example, Data Science, Business Analytics, Economics, Accounting, Finance, IT, etc.).

Stanbic IBTC Scholarship Successful Candidates Testament

1. Abigail Ibrahim

  • Course of Study/Institution: Telecommunications Engineering, Federal University of Technology, Minna.

“I remember telling someone I applied for this scholarship, and he said, ‘Don’t get your hopes up because they usually favor only Southerners.'”

“Well, I come from the North, and I am not the only one who benefits. Thank you, Stanbic IBTC, for appreciating everyone and making my goals a reality.”


2. Ubongabasi, Ime Mbon

  • Course of Study/Institution: Pharmacy, University of Uyo.

“I am grateful to Stanbic IBTC for the wonderful opportunity to receive the Stanbic IBTC University Scholarship.”

I have received my first-year payment.
Rest convinced that I will excel in my academics, and you will not regret this wonderful present you have given me. I made it! # My Dreams Are Valid.”


3. Afolabi Omotoyosi

  • Course of Study/Institution: Business Administration at Lagos State University

“Thanks to Stanbic IBTC, I did not need to defer this semester. I am very grateful for the opportunity to continue my studies without having to worry about fees.

Stanbic IBTC allows us to pursue our aspirations. Thank you so much, and I promise to always make you all proud.”


4. Usman Muhammad Bukar

  • Course of Study/Institution: Computer Engineering, University of Maiduguri.

“I am grateful to Stanbic IBTC for their kindness and efforts to financially support tomorrow’s youth and shine a bright light on their future.

I hope they continue with this fantastic endeavor to support the youth.”

Scholarship Beneficiaries For Stanbic IBTC Scholarship

Top 10 Shortlisted 2022 Scholarship Beneficiaries:
This is the list of 2020 beneficiaries. See Here
1. Abdul Rahman Okikiola Adamson LA|Lagos Lagos State University (LASU) Medicine and Surgery
2. Abdullahi Al-Hassan Musa KO|Kogi Lagos State University (LASU) Pharmacology
3. Abdulmuiz Ayodele Hamzat OY|Oyo Federal University Of Health Sciences, Azare Medicine & Surgery
4. Abdulsemiu Nafisat Tolani OS|Osun Osun State University Osogbo (UNIOSUN) Nursing
5. Abdurrahman Saad Dalwa AD|Adamawa Federal University of Health Sciences Azare Bauchi Medicine and Surgery
6. Abdussalam Gbadebo Olorunfunmi LA|Lagos Lagos State University (LASU) Medicine and Surgery
7. Abeedeen Omotoyosi Osoko OG|Ogun Lagos State University (LASU) Health Education
8. ABUBAKAR SIDDIQ ABDULLAHI KO|Kogi University of Lagos(UNILAG) Computer Science
9. Adedina Nathaniel Damilola OG|Ogun Lagos State University (LASU) Banking and Finance
10. Adegoke Michael  Daramola OS|Osun Osun State University Osogbo (UNIOSUN) Mechanical Engineering
Stanbic IBTC Scholarship For Undergraduate Students
Stanbic IBTC Scholarship For Undergraduate Students

Important Questions From Candidates

1. When is the deadline for the 2023/2024 Stanbic IBTC University Scholarship application?

The scholarship application must be submitted by June 22, 2024, at 11:59 p.m. Any deadline extension will be announced on our platforms.

2. What should be the maximum size of my documents?

The size of each document should not exceed 200 KB, and the passport image type must be JPEG; all other file formats must be PDF.

3. Can I start the application and upload my documents later?

Yes. You can start your application now and upload your documents later. However, you cannot submit your application until all essential documents have been successfully submitted.

4. My University canceled a session due to the ASUU strike. Can I still apply?

Yes, you can apply. All applications received will be examined and considered.

5. Can a Direct Entry candidate apply for the scholarship?

No, the scholarship is only available to fresh UTME applicants with a minimum score of 250 who have been admitted to any Nigerian state or federal university for the academic year 2023/2024.

6. Can I make changes to my application?

Yes, if you have yet to submit your application.

7. Can I send my documents via email?

No, this is an online application.

8. Can I apply & submit it after the deadline?

No, the site closes after the deadline, and no applications are accepted until the deadline is extended.

9. Do I need to make any payment to be awarded the scholarship?

No. This scholarship initiative is solely based on merit and selection criteria. You should not pay someone in cash or kind.

10. Is there any age limit for the scholarship application?


11. I submitted my documents last year for the 2022 University Scholarship and was not shortlisted. Will I still be considered for the scholarship award this year?

No. This is a new scholarship application cycle for the 2023/2024 school year.

12. Will I receive confirmation of receipt of my application?

You will receive an on-screen confirmation that your application was successfully submitted. Only those who are shortlisted and meet the selection criteria will be contacted.


The application deadline for the Stanbic IBTC Undergraduate Scholarship 2024 is 22/June/2024.

Stanbic IBTC Scholarship Application Form

You can find and fill out the Stanbic IBTC Scholarship Application Form from the official website of Stanbic IBTC Scholarship 2024.


How much is a Stanbic iBTC scholarship?

All 36 states in the federation as well as the Federal Capital Territory (FCT) offer selected university students the N80 million Stanbic IBTC Scholarship, which helps them pay for their education till they graduate.

Applications are being accepted for the annual Stanbic IBTC Scholarship for university students in Nigeria.

What is the code for Stanbic?

USSD Banking Code Is *909# | Stanbic IBTC Bank.

What is the Stanbic BIC code?


How much does Stanbic IBTC pay graduate trainees?

Graduate trainees are paid by Stanbic IBTC Bank Plc between ₦60,000 and ₦75,000 per month for the length of their trainee program.

During the training time, their transportation and other costs will be covered by their monthly wage.

How much is the FSB scholarship worth?

The FSB scholarship provides all qualified applicants, regardless of origin or faith, with a renewable N250,000 annual financial reward.

Undergraduate and graduate students enrolled in Nigerian polytechnics, colleges of education, and public or private universities are eligible to apply for the grant.

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