Lagos Partners Private Developers To Develop 8,272 Units Of Hostel On LASU Campus

The State Government, at the weekend, signed a Build, Operate and Transfer (BOT) agreement with six private property developers to deliver 8,272 units of hostel on Lagos State University campus in the next 18 months.

Governor Babajide Sanwo-Olu officially approved the BOT agreement at a short ceremony held at Lagos House in Marina on Friday evening.

The deal will lead to the construction of six blocks of Hall of Residence, was wrapped under the Public-Private Partnership (PPP) policy of the State. The concessions will run for 35 years.

It is expected that 30 percent of the school’s 26,000 student-population will be served, thereby reducing the pressure resulting from oversubscription of privately owned off-campus residences.

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@jidesanwoolu said the development further underscored his administration’s objective of driving up quality output in State-owned schools through provision of infrastructure critical to facilitating better-quality teaching and learning.

When LASU changes its status to a residential institution, Sanwo-Olu said there would be improvement in students’ academic performance, while the school would also move up in its global rating.

Special Adviser to the Governor on Education, Hon. Tokunbo Wahab, whose office facilitated the contract, said Sanwo-Olu had created a legacy that would outlive him with the approval of the BOT agreement.

LASU Vice-Chancellor, Prof. Lanre Fagbohun, who was at the ceremony, described the development as “significant”, saying the agreement would radically change the landscape of the institution.