The 19-year-old is focused on scoring goals for United, but is also determined to help the team reach their targets.
He told iFollow Iron: "I'm really pleased to sign for Scunthorpe and I can't wait to start.
"I think it is a strong team here and good enough to go up this season. Hopefully I can help with that."
The forward also enjoyed his first training session with the players on Thursday morning, adding: "It was a good session today, but it was good to find out about the philosophy of the team and what I need to work on.
"The manager (Stuart McCall) has also spoken very highly of me."
"I think I have learnt a lot from my loan spells at Barnsley and MK Dons last year and I can use that to help me here," said Ugbo.
The attacker also talked about what the supporters can expect from him.
He said: "They can expect excitement and lots of goals from me.
"I want to get playing time because I want to kick on to the next stage of my career.
"I want to get promotion get this season."
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