The Lagos State Governor, Babajide Sanwo-Olu, has approved the release of over N290 million for 2021 Bursary and Local Scholarships to qualified beneficiaries in tertiary institutions across the country.
He explained that the prompt release of the award underscored the commitment of the State Government to sustaining the scholarship and bursary programme despite the economic situation in Nigeria.
Confirming the development, the Executive Secretary, Lagos State Scholarship Board, Omotayo Fakolujo, through a statement stated that the present administration understands the pivotal role education plays in defining the socio-political development of the present time and the growth and advancement of the state.
According to him, “Mr. Governor is committed to ensuring that Lagosians are empowered, through education, to contribute productively to the local and global economies. The release of the funds demonstrates the priority the administration of the Babajide Olusola Sanwo-Olu accords the education sector”.
Giving a breakdown of the payment, the Executive Secretary said that the government released the sum of N137,825,091.46 for 599 for Local Scholarship beneficiaries, while the sum of N157, 093, 205.44 would be expended on 4,341 beneficiaries.
Fakolujo, however, advised subsequent beneficiaries of the awards to exercise patience as the necessary arrangements are being put in place to ensure hitch-free disbursement, adding that the beneficiaries will soon be invited to present themselves for documentation.