The State Commissioner for Education, Science, and Technology, Jide Egunjobi revealed this on Wednesday, in Ado Ekiti, the state capital.
According to Egunjobi, the beneficiaries include 871 students who will be awarded scholarship award ranging from N60,000 to N1.5 million each and 2,645 students who will get bursary award ranging from N10,000 to N150,000 each.
Giving the breakdown, he said 30 Ph.D. students who are indigenes of Ekiti State and resident overseas will also get N1,500,000 each as scholarship, a total of N45 million.
Also, 184 Law Students will receive N150, 000 each as bursary a total of N27.6 million while 450 undergraduate students will get N60, 000 each as scholarship, a total of N27 million.
The Commissioner disclosed that the State Governor Fayose approved the disbursement of scholarship and bursary awards to the qualified students in the state after verification, adding that payment will be made into verified bank accounts of beneficiaries, to avoid manipulation.
He said further that 15 physically challenged students will get N60, 000 as scholarship while 198 students offering Master’s Degree in Nigeria will receive N250, 000, adding that the disbursement will be in tranches.
“The first tranche is a scholarship for 450 undergraduate and 15 physically challenged students. The disbursement to their banks would commence on March 21, 2018. Other tranches would follow as soon as the disbursement is completed,” Egunjobi said.
The Commissioner stated that Governor Ayo Fayose had earlier disbursed the outstanding 2012/2013 bursary awards in four tranches to 7,070 students at the rate of N10,000 per student which amounted to N70 million.
The Commissioner implored the beneficiaries to use the money judiciously.