News agency reports indicate that the Osun State governor, Mr Rauf Aregbesola, has given approval for the release of ₦216,334,000.
Osun state has an estimated 20,215 final year students spread across 74 institutions of higher learning in the country.
A press release announcing this development was issued by the office of the the state deputy governor and Commissioner for Education.
The release was signed by the Special Assistant on Media and Public Relations, Mr Gboyega Labiran.
In the past, ₦2,000 was paid as bursary to final year students in colleges of education, while all other undergraduates received ₦3,000 except students of the faculty of law and colleges of medicine who each received ₦10,000.
This practice, going by the contents of the state government's press release, have been reviewed.
The release document indicates that bursary payments per year per student in tertiary institutions will now be at a flat rate of ₦10,000 irrespective of the student’s course of study.
It further states, however, that final year students of law and medicine would henceforth be paid ₦20,000 each.
This move by the state government is in line with one of the six-point integral action plan of the Rauf Aregbesola's administration that focuses on provision of functional education.