PalmPay and LASUBEB will reward top students in selected Lagos public schools with scholarships, vouchers, and school kits to support school retention.
PalmPay and the Lagos State Universal Basic Education Board, LASUBEB, have partnered to reward high-performing pupils in selected Lagos public schools. The programme will offer scholarships, shopping vouchers, and branded school kits.
PalmPay announced a strategic partnership with LASUBEB on May 16, 2026. The goal is to recognise and reward pupils who perform well academically in selected public primary schools across Lagos.
The rewards include scholarships, shopping vouchers, and school kits. Scholarships typically cover education costs like fees or learning materials. Vouchers are prepaid credits that can be exchanged for items in approved shops. The school kits are branded packs, likely containing essentials such as bags, books, and stationery.
PalmPay said it will work with LASUBEB and educators to identify outstanding students. That suggests schools and board officials will take the lead on selecting beneficiaries, rather than an open application process.
The announcement also points to a wider education challenge in Nigeria. UNICEF estimates that 18.3 million school-age children are out of school. The article argues that keeping children in school depends on more than enrolment, it also needs motivation, family support, and clear incentives.
This is another example of a fintech using social programmes to build local trust and deepen brand presence. For PalmPay, public school engagement can strengthen visibility with families, teachers, and communities in Lagos.
For LASUBEB and schools, targeted rewards can help reduce cost pressure on parents. Even small expenses like uniforms, books, transport, and exam-related costs can push children out of school.
If the selection process is transparent and consistent, the programme could also create positive competition around learning outcomes. The next signal to watch is scale, including how many schools and pupils are covered, and whether the partnership expands beyond Lagos.
Primary Source: Independent Newspaper Nigeria
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