The State Scholarship Board is one of the earliest agencies established shortly after the creation of the state. It was constituted through Executive Council Memorandum No LSEC (68) as an advisory and implementation organ on Scholarship awards.

Admnistration of awards metamorphosed in 1979 from award of Local and Foreign Scholarships, to the award of Bursary at rates determined by individual courses in order to cater for the large number of indigenes in need of assistant in Nigeria tertiary institutions and Law School.

Since then, various amount ranging from N500.00, N750.00, N1,000.00 and N5,000.00 had been paid as bursary to deserving students of Lagos State Origin, except for physically challenged and the Law School Students whose bursary were increased to N20,000.00 and N40,000.00 respectively.

By 1998, bursary rate was increased to N10, 000.00 per awardee but was not implemented until 1999 when the Governor Emeritus of Lagos State, Asiwaju Bola Ahmed Tinubu assumed office as the Governor of the State. Since then, students except physically challenged and Law School, have been collecting N10, 000.00 flat rate as bursary.

However, His Excellency, Babatunde Raji Fashola (SAN) together with his wonderful members of the State Executive Council, has recently approved the increment in bursary rates as follows:

Payment of these new rates will commence from 2008/09 session.

Procedures

The following procedures are followed in the administration of Bursary:

• Application Forms: - Forms are currently sold at a cost of N500.00 to applicants though it is review able. The payment is made at the Account Section, Office of the Special Adviser on Education, Block 5, 3rd floor, Alausa Secretariat while forms are being collected at Scholarship Board, Agege on presentation of receipt.
  
  However, as part of the present administration’s efforts to ensure the computerization of the Board activities, application forms for Bursary awards beginning from 2008/09 session, will be downloaded online through the purchase of scratch cards. The following documents must be submitted together with the forms:
  • Identification letter from Oba
  • Identification letter from Local Government Council.
  • Admission Letter.
  • Letter from H.O.D
  • Applicants/ Father’s Birth Certificates.
  • JAMB Result Slips.
  • Student Identity card.
  • SSCE/GCE Results.
• Screening Exercise: - Interview is being conducted to determine the Eligibility of each applicant. This is carried out by experienced panel members, mostly elderly people selected from each of the five administrative divisions in the State. The screening exercise normally comes up in six different zones namely: Abuja/Zaria, Port Harcourt, Jos, Benin, Ilorin and Lagos (i.e in the five divisions which include Ikeja, Badagry, Ikorodu, Lagos & Epe.). The purpose of the interview is to identify the qualified indigenes of the State among the applicants and it is grouped into different zones to relief the students the risk and burden of coming down to Lagos for the screening.
• Compilation of Results: After screening, results are compiled and the cost implication sent through the Special Adviser on Education to His Excellency, the Governor of Lagos State for approval and the release of funds.
• Payment Exercise: Qualified awardees are paid their first payment automatically, once their names are on the approved lists. After this, Progress Reports must be submitted before further payments can be processed. Relevant documents which were not also submitted before interview must be submitted alongside with the LSSB Brochure receipt to be collected from the Office of the Special Adviser on Education on payment of N500.00 (It is reviewable).