LAGOS, Nigeria, October 2024 - We’ve announced the establishment of an endowment fund to support students at Covenant University.

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This initiative aims to provide financial assistance to deserving students, ensuring they can complete their higher education without financial constraints.

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The Kora Endowment Fund commenced with an initial contribution of ₦30 million, forming the foundation for a long-term commitment that will ultimately total ₦200 million over the next ten years. This substantial investment underscores Kora's dedication to empowering students and fostering educational excellence.

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"The success story of a global company like Kora, whose founder is from our institution, is truly noteworthy. Kora's launch of a ₦200 million endowment fund to support financially challenged students is a commendable act. This fund will make a significant difference in the lives of our students", said Professor Abiodun H. Adebayo, Vice Chancellor of Covenant University.

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The Fund is designed to create a lasting impact on Covenant University students by:

• Providing Financial Relief: Directly assisting students struggling to cover tuition fees.
• Increasing Access: Ensuring that more students can complete their education, regardless of their financial background.
• Fostering Long-Term Opportunities: Enabling students to develop into high-growth and valued talents in the workforce and business landscape.

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Dickson Nsofor, CEO of Kora, said: "We are excited to launch the Kora Endowment Fund in partnership with Covenant University. This initiative reflects our commitment to empowering students and fostering a future where education is accessible to all, regardless of financial barriers. We believe investing in education is essential for creating a brighter future for our communities."

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