An OPEC OFID scholarship is a sponsorship award program established under the OPEC Fund for International Development (OFID). It has a mission to provide financial support to passionate and enthusiastic students in developing countries who aspire to attain an academic degree.
The OPEC Fund for International Development (OFID), the body in charge of the scholarship program, is a financial institution established by the Member States of the “Organization of Petroleum Exporting Countries” (OPEC) in 1976. This organization has been a primary source of financial support and a catalyst for growth and development to countries in Africa and other underdeveloped regions of the world.
OPEC Scholarships for Developing Countries
The OPEC Fund Scholarship Award has a mission to support outstanding students from developing countries with a grant to enable them to pursue a graduate program in a study course related to technological and economic development.
This year, the OPEC Fund has received over 7,500 applications from students in developing countries for its upcoming scholarship award. After successfully qualifying for the scholarship, the students will eventually return to their country to work in fields related to development for the good of their country.
Free scholarship programs (OPEC/OFID Scholarship)
OPEC is awarding full scholarship grants to students from developing countries to study a Master’s programme in any university of their choice. The study courses must be in a relevant field of development or energy studies such as the economics of development, environment, or other courses in the STEM fields.
How to Apply for OPEC/OFID Scholarship
Compile your application materials
Ensure your application documents are ready for submission and are in line with the requirements of the OFID scholarship award.
Register with your email address on the OFID scholarship website to submit your application materials before the application deadline.
Fill out the Application Form
Locate the application form on the scholarship portal and correctly fill it out before submitting it. Also, make sure your documents meet the eligibility criteria or else you will be rejected.
Upload the necessary documents
Before you click submit on your application form, ensure you have the required documents which are scanned copies of your:
- Curriculum Vitae
- Two recommendation letters from professors in your previous university
- Certificates from your highest level of education
- Acceptance letter into a Master’s program in a university
- Passport copy
- A personal application letter of 500 words
Finish your Application Form
After you have completed your application form, please review it one last time before submitting because you will be unable to make changes or submit another application after submission.
Please visit the scholarship portal to learn more about the documents and requirements for the award.
The candidates that qualify for the OPEC Fund for International Development – OFID Scholarship 2020 will be awarded a grant of up to $50,000 that will last till the completion of their Postgraduate degree.
What it takes to be an OPEC Scholar
To qualify for most of the sponsorship awards provided by the OPEC/OFID Scholarship program, individuals need to meet the following criteria
· Must be between the ages of 23-32 at the time of submitting your application form.
· Must be a graduating student with a bachelor’s degree from a four-year course in an accredited university, college or any of its equivalent.
· Must have a minimum GPA of 3.0 or higher on a 4.0 rating system
· Must have already received an unconditional letter of offer to study a Master’s programme in an accredited university and must maintain full-time status while undergoing the Master’s degree
· Must be a citizen of a developing country
· Your study course must fall in line with courses related to OFID’s core mission which includes: economics of development (poverty reduction, energy, and sustainable development), environment (desertification), or other related science and technology fields.
Keep in mind that the criteria listed above are a general eligibility requirement often requested in most OPEC/OFID Scholarship programs and are subject to change.
For example: In 2017, while the scholarship was meant for individuals from developing countries, a few OFID member countries were excluded from the program including Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirate, and a few others.
With this in mind, we recommend you take a good look at the eligibility section before attempting to ready your application documents so you won’t waste your time.
In conclusion, any individual with an undergraduate degree and is a citizen of a developing country is eligible for an OPEC scholarship. However, some occasions exempt OFID member countries from participating in some of these scholarships.
But in the end, Over 134 countries (53 in Africa, 43 in Asia, 31 in Latin America & Caribbean, and 7 in Europe) have benefited from the philanthropic nature of OPEC since its establishment in 1976.
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