Babajide Sanwo-Olu, Lagos governor, has approved N375,455,000 in empowerment funds for Lagos indigenes seeking to pursue tertiary education.
In a statement on Wednesday, Sanwo-Olu said the fund is for scholarship and bursary benefits to needy Lagos students.
The Lagos governor said the fund is designated to alleviate the financial burdens of Lagos indigenes pursuing higher education across the country.
Abdur-Rahman Lekki, the executive secretary of the Lagos State Scholarship Board, unveiled the project during a recent meeting with key stakeholders in his office.
Lekki said Sanwo-Olu’s vision is to make education accessible, affordable, and sustainable for indigenes of the state.
FLASH: GOVERNOR SANWO-OLU HAS APPROVED THE SUM OF N375,455,000 TO EMPOWER LAGOS INDIGENES PURSUING TERTIARY EDUCATION NATIONWIDE
Lagos State, Nigeria – September 20, 2023 – In a bold move to support the academic pursuits of Lagos State indigenes, Governor Mr. Babajide Olusola… pic.twitter.com/5Kembz794RAdvertisement
— Jubril A. Gawat (@Mr_JAGs) September 20, 2023
Breaking down the allocation, Lekki said N164,500,000 has been earmarked for the 2021/2022 fresh scholarship award for undergraduates.
He said the quoted sum will also cover Masters & Ph.D. (batch B), the 2021/2022 subsequent scholarship award for undergraduate & Ph.D., and the 2022/2023 subsequent scholarship award for undergraduate & Ph.D.
Also covered in the quoted sum are recipients of the 2022/2023 governor’s discretionary awards.
Lekki said an allocation of N210,955,000 has been approved for the 2021/2022 fresh bursary award for undergraduates and law school (batch B) and the 2021/2022 subsequent bursary award for undergraduates.
Also covered in the sum is the 2022/2023 subsequent bursary award for undergraduates.
Lekki reassured beneficiaries awaiting disbursement that the release of funds will commence as soon as the necessary administrative processes are concluded.
He added that applications for the Year 2022/2023 fresh scholarship and bursary awards have been successfully completed, with academic and indigen-ship verification processes set to commence.
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