Home Education Lagos budgets N1bn for bursary and scholarships

Lagos budgets N1bn for bursary and scholarships

Sanwo-Olu - lagospost.ng

It has been revealed that over N1 billion has been budgeted aside by Governor Bababjide Sanwo-Olu’s government for bursary and scholarship awards for Lagos indigenes in tertiary institutions throughout the country in 2021 fiscal year has remained untapped.

The Board has begun advocacy trips to tertiary schools both inside and beyond the state to ensure that as many students as possible benefit from the opportunity.

In addition, students in technical colleges beginning from the academic year 2021/2022, will be eligible for the awards. Fakolujo, who bemoaned the trend among students, said the Governor Sanwo-Olu led administration is committed to improving educational standards among indigenes and residents of the state but this could be jeopardized if opportunities such as bursaries and scholarship awards were not fully utilized.

Mr Omotayo Fakolujo, the Executive Secretary of the Lagos State Scholarship Board, revealed this while addressing reporters on the board’s operations since assuming office.

When he came into office, Omotayo said he cleared a three-year backlog of N600 million in commitments to 3,720 students.

According to him: “As part of efforts put in place for the educational advancement of Lagos State in line with the THEMES agenda of Mr Governor for a better and rewarding future for residents irrespective of their status in life, the administration set aside the sum of N1billion for the year 2021, but only N900 million has been expended so far on bursary and scholarship for 8,660 qualified applicants.

“Because of low number of applicants for the scheme, we have continued to record steady fall in allocation to the fund.

“Earlier, we had N2.5 billion earmarked and when eligible applicants were not showing up, it was reduced to N1.5 billion subsequently, and now N1 billion.

“In the last three years, the Lagos State Scholarship Board has been performing well in the areas of sale of forms and the payment of awards.

“In the 2017/2018 session, the total number of students that benefitted from the bursary award was 7,248.

“This figure includes beneficiaries from Law School and Maritime Academy, Oron, Cross River State.

“Each beneficiary received monetary award according to their course of study.

Doctorate students on scholarship get N400,000, Master’s programme – N300,000, bachelor’s degree – N200,000, technical college students – N100,000 and the Board is working to get the money reviewed upward”.

Fakolujo also announced the launch of a compassionate scholarship program for students in basic and secondary schools.

Beneficiaries in primary school would receive N50,000, while those in secondary school will receive N80,000.

He highlighted his excitement that some of the scholarship recipients are performing well in universities, saying,  “we will soon honour 40 of them that are in first-class category in their schools.”

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