The Lagos State Government on Wednesday disbursed N514 million for local scholarship and bursary to students of the state studying in various tertiary institutions across the country.
Mrs Olabisi Ariyo, Permanent Secretary, Lagos State Ministry of Education, made the presentation of Automated Teller Machine (ATM) Verve cards to the 2014/2015 beneficiaries at Government College, Ipaja road, Lagos.
Ariyo said the initiative of local scholarship and bursary were efforts aimed at improving the standard of education in Lagos as well as provide opportunities for citizenry irrespective of their socio-economic status.
The permanent secretary urged the beneficiaries not to divert the funds to other use than the development of their career.
“Education provides and equips the nation’s youths with the necessary skills, attitudes and aptitude to confront future challenges and function effectively in an ever dynamic global community.
“The quality of the human capital available in any given society is largely determined and measured by the quality and functionality of its educational system.
“The state government is committed to the development of education in the state; indeed, no nation can achieve sustainable development without investing adequately in the education sector,’’ she said.
Mrs Yetunde Jegede, Director, Lagos State Scholarship Board, said the bursary was part of the state government’s effort to actualise self-sustenance and empowerment of youths.
Jegede said N54.49 million was disbursed to 1,596 beneficiaries as bursary for the 2014/2015 set, which ranges between N20, 000, N30, 000 and N50, 000 depending on the course of study.
She said N39.6 million was also disbursed to 192 Nigerian Law School students and six Maritime Academy, Oron, Akwa Ibom State, as bursary.