Lagos State governor Babajide Sanwo-Olu has approved the payment of N375,455,000 for both fresh and subsequent scholarship and bursary awards.

Lagos State Government in a statement on its website said the fund is designated to alleviate the financial burdens faced by indigenes pursuing higher education in the country.

Executive Secretary of the Lagos State Scholarship Board, Abdur-Rahman Lekki, at a recent meeting held with key stakeholders in the sector, said the approval is in line with the Governor’s commitment to advancing education within Lagos State.

Lekki pointed out that the present administration’s focus is to make education accessible, affordable, and sustainable, which is evident through the timely disbursement of the funds.

He also emphasised the government’s concern for the youth and their educational journey, and its pledge to provide accessible and affordable education, irrespective of the country’s economic challenges.

Breaking down the allocation, Lekki detailed that N164,500,000.00 has been earmarked for the 2021/2022 Fresh Scholarship Award for Undergraduate, Masters & PhD (Batch B), 2021/2022 Subsequent Scholarship Award for Undergraduate & PhD.

He said 2022/2023 Subsequent Scholarship Award for Undergraduate & PhD recipients as well as the 2022/2023 Governor’s Discretionary Awards.

He added that an allocation of N210,955,000.00 has been approved for the 2021/2022 Fresh Bursary Award for Undergraduates and Law School (Batch B), 2021/2022 Subsequent Bursary Award for Undergraduates, and 2022/2023 Subsequent Bursary Award for Undergraduates.

He reassured beneficiaries awaiting disbursement that the release of funds will commence promptly as soon as the necessary administrative processes are concluded.
[ad unit=2]