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The
Lagos governor said the fund is designated to alleviate the financial
burdens of Lagos indigenes pursuing higher education across the country.
 N375,455,000 has been approved by Babajide Sanwo-Olu, Lagos
governor as empowerment funds for Lagos indigenes in tertiary
institutions.
This was made public n a statement on Wednesday.
According to Sanwo-Olu, 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.
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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