Among them are some highly lucrative scholarship schemes that can help the student reduce the financial burden of his or her studying, therefore enabling a Nigerian student to execute his or her academic aspirations within and outside Nigeria.

List of Lucrative Nigerian Scholarships for Undergraduate and Postgraduate Students, 2023/2024

This means that as a student, there are sundry bills one needs to sort out, ranging from tuition fees, accommodation, feeding, transportation, research, and many others. Asides the financial benefits that come with landing some lucrative scholarship, there is also the prestige that comes with being identified as a scholar of a particular Scholarship funding body.

Other benefits include Graduate Development Schemes, Entrepreneurial sponsorship, and many others.

List of Lucrative Nigerian Scholarships 2023/24

There are a range of scholarship sponsors in Nigeria which can be developed for educational advancement.

In this respect, the following are some such lucrative scholarships available to Nigerian students which have been categorized by Federal Government Scholarships, State Government Bursaries, Telecommunication Companies Scholarships and Oil Companies Scholarships

Petroleum Technology Development Fund (PTDF) Scholarships

The PTDF is the Federal Government of Nigeria agency mandated to develop indigenous human capacity and petroleum technology to meet the needs of the oil and gas industry. The scholarship sponsors students at home and overseas educational institutions at the masters and doctoral levels.

The overseas scheme was innovated with the purpose of providing candidates an opportunity to get advantage from the diversified pool of knowledge and facilities offered by world-class institutions across the globe.

All candidates are required to apply through the PTDF to specific programmes at partner institutions. Provision shall also be made for flight tickets, payment for health insurance, tuition, and bench fees—where applicable—and the provision of allowances to meet accommodation and living expenses.

MTN Scholarship

MTN Scholarship, under the Youth Development Cause, is a yearly marquee scholarship award that aims at recognizing and rewarding high-performing students in public tertiary institutions across Nigeria.

Objective: To assist and encourage academic excellence in Science and Technology.

Eligibility:

  • Open to eligible 300 level students.
  • Students must be studying Science & Technology-related courses.
  • Applicable to Nigerian public tertiary institutions (Universities, Polytechnics, and Colleges of Education).

Nigerian Liquefied Natural Gas Scholarship

The Nigeria LNG offers scholarship to students in Nigeria because education and human capital development have been recognized to be intrinsic and fundamental to national development.

It has three main levels of scholarship schemes: Post Primary, Under Graduate, and Post Graduate, all aimed at encouraging academic excellence and supporting human capital development in Nigeria.

The NLNG Scholarship takes into consideration the reality of the economic situation of Nigeria and can keep a student throughout his/her educational pursuit if the required grade is maintained.

Agbami Scholarship

This is a scholarship offer offered to students studying Engineering and Medicine in Nigeria. It is supported by Star Deep and its Agbami partners. It forms a vital component of the Agbami partners’ Social Investment in Nigeria’s strategic development of health and education, specifically at the Niger Delta.

The Agbami Scholarship for undergraduate students opens to all Nigerian undergraduate students at 100 and 200L levels.

This could be the happiest undergraduate scholarship in Nigeria, with close to 10,000 recipients. The Agbami scholarship award is pegged at about N100,000 worth for students studying Engineering and also pegged at N200,000 for students studying Medicine. The scholarship is open to students in their first and second year of study at Tertiary institutions.

Jim Ovia Foundation Scholarship

The Jim Ovia Scholars Program was founded in 1998 by Mr. Jim Ovia. It is a fully funded scholarship program intended to create an opportunity that offers financial support to outstanding Nigerian youths. Erstwhile MUSTE scholarship funds undergraduate and graduate students for the duration of their programs, covering tuition fees and providing maintenance allowances.

Listed here are some of the things one would refer to as cardinal in knowing about the Jim Ovia Scholars Program:

Founder: The program has been fully funded by Mr. Jim Ovia, one of the esteemed entrepreneurs and philanthropists in Nigeria.

Coverage: The scholarship will support qualified awardees throughout their undergraduate or graduate studies; it pays for tuition fees and maintenance allowances.

Federal Government } BEA Scholarship

The Federal Scholarship Board, under the Federal Ministry of Education of Nigeria, offers scholarships to students of the country through two major schemes: BEA Scholarship Awards, which allows them to become students in foreign countries, and Federal Government Scholarship Awards in indigenous universities of Nigeria. The scholarships are aimed at providing aid to undergraduate, Masters, and PhD students.

The BEA scholarships enable students from Nigeria to study in any of the participating countries. The responsibilities for the scholarship are shared this way:

  • Participating Countries: They are responsible for tuition and accommodation for the students.
  • Nigerian Government: They provide other benefits which include:
  • A living allowance.
  • Provision for warm clothing.
  • Medical insurance.
  • Research grant, where applicable.
  • Takeoff grant to help students settle into their new environments.
  • NNPC/Chevron Joint Venture Scholarship

The scholarship is formally sponsored by Chevron and the Nigerian National Petroleum Corporation, with the aim of assisting vast numbers of undergraduate students from various Nigerian universities to actualize their educational dreams.

This amount, therefore, is up to N100,000, which is made available to student scholars until their final year in the institution.

NDDC Postgraduate Scholarship: This scholarship is primarily funded by the NDDC, with the intent to aid a good number of their postgraduate students in institutions of learning to get their degrees across various fields of study.

The NDDC Postgraduate Scholarship is one of the highly valued and most respected scholarship programs aimed at empowering Niger Deltans with the right type of training that will impart the proper kind of skillset in them to relate effectively in both the domestic and global professional arenas.

Although it has been suspended over the past few years, it still remains among the most lucrative scholarships available to Nigerian students seeking to pursue their studies abroad when it is on offer.

Student Requirements Scholarships

The requirements for the above scholarship are related to the study level one is applying for. The requirements for Undergraduate and Postgraduate differ as will be shown below:

  • Undergraduate Requirements:
  • Jamb Result
  • O’level Result
  • Passport Photographs
  • Birth Certificate
  • School Identity Card
  • National Identification Number
  • Local Government of Origin
  • Admission Letter
  • Postgraduate Requirements:
  • Completed scholarship application form
  • Passport Photographs
  • Academic Transcript
  • Letters of Recommendation
  • Statement of Purpose
  • Standard Test Scores if applicable
  • Admission Letter

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