Kora, a pan-African payment infrastructure in the financial technology sector, has announced the launch of an endowment fund to ensure that Covenant University students complete their programmes without financial constraints.

While signing a Memorandum of Understanding (MoU) with the institution, the Chief Executive Officer of Kora, Dickson Nsofor, said the fund is aimed at providing financial relief to students struggling to cover tuition fees.

He said it would also increase access and ensure more students complete their education, regardless of their financial background.

The fund, which is N200 million over the next 10 years, emphasised the organisation’s commitment to empowering students and fostering educational excellence for the purpose of building a greater future.

Nsofor said: “We are excited to make this endowment at Covenant University given that it reflects our commitment to empowering young people and fostering a future where education is accessible to those deserving, regardless of financial barriers. We believe investing in education is essential to unlocking opportunities for all as well as creating a brighter future.”