The Lagos State Scholarship Board was setup in 1968 to encourage brilliant candidates who couldn’t afford to go to school because of financial constraints.
The award of scholarships by the board is basically in two forms. One is awarded on compassionate grounds (that is for primary and secondary school students) while the other one is put in place to encourage brilliant academic performance with minimum CGPA of 3.5 and above or Second Class Upper/ Upper Credit. Subsequent payment of such awards is made on presentation of progress report as evidence that they have moved to the next stage of their programme.
The following rates were fixed as amount payable to each beneficiary, depending on the category of his/her award:-
PRESENT RATES OF LOCAL SCHOLARSHIP AWARDS
|50, 000.00||Primary School, Students.|
|80, 000.00||Secondary School Students|
|100, 000.00||Technical College|
|200, 000.00||Poly/Colleges of Education|
|200, 000.00||First Degree|
|300, 000.00||Master’s Degree|
|400, 000.00||Doctorate Degree|
SCHOOL OF THE BLIND, OSHODI
His Excellency, Governor Babatunde Raji Fashola, SAN approved the payment of tuition to Sixty students of the School of the Blind, Oshodi at the rate of N50, 000 per student, annually.
LAGOS STATE COLLEGE OF HEALTH TECHNOLOGY
The State Government approved payment of tuition fees to Lagos State indigenes in Lagos State College of Health Technology, Harvey Road, Yaba. New students are paid 70,000 and subsequent payment is N30, 000 per session.
SPORTS SCHOLARSHIP AWARDS
The Governor has approved scholarship awards for athletes that won medals for the State during the Last National Sports Festival held in Lagos State. This will be a continuous process.
Similarly, scholarship award is given to the One-Day Governor who is the winner of the Spelling Bee completion
FOREIGN SCHOLARSHIP/SPONSORSHIP AWARD
Foreign Scholarship/Sponsorship Award was reintroduced in 2005 due to the growing number of interested applicants who secured admission to study abroad but were having financial constraints. Quite a large number of indigenes and non-indigenes have benefitted from the scheme.
However, the Lagos State Executive Council in February 2009 suspended the award of Foreign Scholarship due to global economic meltdown. Presently, the State only services the payment of beneficiaries that are already on that scheme. However, there is a plan to re-introduce it.
FEDERAL GOVERNMENT’S RELATED SCHOLARSHIP AWARD
The Board collects and distributes Scholarship award forms to State indigenes on behalf of the Federal Government. Such forms include Bilateral Education Agreement (BEA) and Commonwealth Scholarship. The Board is also represented at some of the award interviews.
The Board collaborates with a consortium of five Oil Companies to award Agbami Medical and Engineering Professionals Scholarship to Lagos State indigenes. The five groups of companies that constitute the AGBAMI SCHOLARSHIP AWARD include: STAR DEEPWATER PETROLEUM LIMITED which is a consortium of Chevron, Famfa Oil, Statoil, Petro Bras and Nigeria National Petroleum Corporation (NNPC). Caleb University has shown interest in partnering with the State in award of scholarship.