Lagos State Governor Babajide Sanwo-Olu has announced the allocation of N375,455,000 in empowerment funds to support Lagos indigenes pursuing higher education.
The funds are designated for scholarships and bursaries to assist financially disadvantaged students from Lagos State.
The Governor’s decision to allocate these funds aims to ease the financial burden faced by Lagos indigenes pursuing tertiary education across the country.
Lagos state scholarship board
Abdur-Rahman Lekki, the Executive Secretary of the Lagos State Scholarship Board, unveiled this initiative during a recent meeting with key stakeholders.
Lekki emphasized that Governor Sanwo-Olu’s vision is to ensure that education is accessible, affordable, and sustainable for all Lagos State indigenes.
The breakdown of the allocation includes N164,500,000 for the 2021/2022 fresh scholarship awards for undergraduates, which will also cover Masters & Ph.D. (batch B) scholarships, subsequent scholarship awards for undergraduates & Ph.D. (2021/2022 and 2022/2023), and recipients of the 2022/2023 governor’s discretionary awards.
An allocation of N210,955,000 has been approved for the 2021/2022 fresh bursary awards for undergraduates and law school (batch B), as well as the 2021/2022 subsequent bursary awards for undergraduates.
This sum also includes the 2022/2023 subsequent bursary awards for undergraduates.
Lekki assured beneficiaries that the disbursement of funds would begin as soon as the necessary administrative processes are completed.
He also mentioned that applications for the Year 2022/2023 fresh scholarship and bursary awards have been successfully completed, with academic and indigeneship verification processes set to commence.