An autonomous funding mechanism that will keep all the three Lagos State’s tertiary institutions on the path of sustainability has just been initiated by the State Government.
Governor Babajide Sanwo-Olu, on Thursday, announced that the Government will be setting up Lagos State Tertiary Education Trust Fund, in a move that will creatively revolutionise the model for the funding of tertiary education in the country.
Sanwo-Olu made the announcement when he received members of the Visitation Panel to the Lagos State University (LASU) led by the former Vice-Chancellor of the University of Lagos (UNILAG), Prof. Abdulrahman Bello, at the State House, Marina.
The panel, set up in November 2021, turned in a 322-page recommendations for the Governor’s implementation towards meeting the university’s contemporary needs in academic growth and physical development.