Lagos Approves N380m For Bursary, Scholarship Payments

Posted by Wole Oduwole Featured, Lagos, Latest Headlines, News From The State Monday, October 17th, 2016

LAGOS, NIGERIA (AFRICAN EXAMINER) – The Lagos State Government has approved the payment of N300 million for bursary and local scholarship awards to indigenes of the State in tertiary institutions across the country.

Special Adviser to Governor Akinwunmi Ambode on Education, Mr. Obafela Bank-Olemoh, confirmed this to journalists Monday.
The Governor’s aide disclosed that the bursary would be for fresh beneficiaries and others receiving subsequent payment.

He listed the beneficiaries to include 2015/2016 set and other sets receiving second and third payments for the years 2013/2014 and 2014/2015.

Bank-Olemoh said the State’s Governor was committed to ensuring Lagosians are empowered through education, to contribute productively to the local and global economies.

“The timely release of the awards demonstrates the priority the administration of Governor Akinwunmi Ambode accords to educating its citizens”.

The Executive Secretary of Lagos State Scholarship Board, Mr. Steven Oshinowo, in his breakdown, explained that the State Government would disburse Two Hundred and Fifty Million, Five Hundred and Twenty-Three Thousand, Two Hundred and Eighty-Seven Naira and Ninety-Nine kobo (N250, 523, 287.99) to Six Thousand, Three Hundred and Sixty (6,368) beneficiaries as Bursary Award.

He also disclosed that One Hundred and Thirty Million, One Hundred and Sixty-six Thousand, Three Hundred and Eighty-six Naira Fifty-six kobo (N130, 166, 386.56) in Local Scholarships will be disbursed to Five Hundred and Seventy-three (573) successful candidates who took part in the 2015/2016 Local Scholarship Computer Based Screening test.

These sums, according to him, would accommodate the backlog of outstanding bursary and scholarship payments, as well as current awards for fresh and subsequent beneficiaries.

He urged the beneficiaries to exercise patience as disbursement of the funds will commence in three weeks, when they would be invited to present relevant documentation to receive their bursary or scholarship awards.