The 6th edition of the InterswitchSPAK, an annual National Science Competition organized by Interswitch has received a significant boost in prize monies and added incentives for more participants, as the company doubles down on its long-term support for STEM advancement across Africa.
This year’s edition, with a prize pool of over 30 million Naira, marks a 140% increase from the erstwhile 12.5 million Naira in prize winnings, demonstrating Interswitch’s unflinching commitment to educational development by doubling cash prizes for winners.
The first prize winner will receive an N15 million tertiary scholarship spread over 5 years, a laptop, and monthly stipends. The second-place winner gets N10 million spread over 3 years and a laptop, while the third-place winner will get N5 million for 1 year.
In addition to the top three prizes, cash rewards are also available for the participants who secure the 4th to 9th positions. Furthermore, the top 18 semi-finalists will also receive cash prizes. The competition also recognizes the contributions of teachers and offers cash rewards for the top 27 contributing teachers.
Interswitch will also purchase JAMB e-PINS for the top 200 preliminary qualifiers to enable them to register for the Joint Admissions and Matriculation Board (JAMB) examinations free of charge.
Speaking on this year’s edition of the competition, Cherry Eromosele, Executive Vice President & Group Chief Marketing and Communications Officer at Interswitch Group said “We are excited to kick off another edition of InterswitchSPAK, the 6th in the series in Nigeria, and this year promises to be bigger and better than ever before. By doubling the prize pool and expanding opportunities, we are not only investing in the winners but also the entire ecosystem of STEM education. We are thrilled to see the impact this initiative has had over the last 5 editions and look forward to witnessing the brilliance and innovation of Nigeria’s young minds in this year’s competition”.
The InterswitchSPAK is a Corporate Social Responsibility (CSR) initiative of the Interswitch Group, now in its 6th edition in Nigeria (and 5th edition in Kenya, where it also runs). It fosters interest in Science, Technology, Engineering, and Mathematics (STEM) subjects among senior secondary school students across the country.
Schools in Nigeria can now register up to twenty (20) SS2 Science Students each, marking an unprecedented scale of participation. Registration for students will be open until May 10th, 2024, and it is free of charge to all applicants. The qualifying examination is conducted entirely online, allowing candidates to take it from the comfort of their school, home, or any convenient location.
The Computer Based Test (CBT) exams are scheduled to be held from Tuesday, May 14th, to Saturday, May 18th, 2024, from 8 am to 6 pm daily. Participants have the flexibility to choose the most suitable day, time, and venue for their exam, with two trials available.
Following the online qualifying examination, the top 81 students will proceed to the semi-finals and finals to compete for the coveted title of Nigeria’s Best STEM Student.