LASU: Sanwo-Olu Seals 8,200 Hostel Accommodation Deal With Developers …‘It’s Legacy That’ll Outlive Us’ – Gov’s Education Adviser

Benjamin Omoike

Lagos State University (LASU), is set to become a residential tertiary institution, 36 years after it was established. 

The State Government has signed a Build, Operate and Transfer (BOT) agreement with six private property developers to deliver 8,272 units of hostel on the school 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, which 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.

When the private developers deliver the projects in 2021, it is expected that 30 per cent of the school’s 26,000 student-population will be served, thereby reducing the pressure resulting from over subscription of privately owned off-campus residences.

After signing the agreement, Gov. Sanwo-Olu said the development further underscored his administration’s objective of driving up quality output across the 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.

He said: “We have just approved an investment that will not only provide comfort to students, but also make positive impact on the future of our youths. If we agree that the youth as tomorrow’s leaders, we should not pay a lip service to things that will mentally prepare them for the future. It is only when we make investments like this in citadels of learning, such as Lagos State University and other higher institutions, that we can help the youth activate tomorrow they desire.

“The partnership we just sealed with the six private investors is strategic, because it is going to strengthen our capacity as a Government to scale up education quality and bring about improved academic performance of students. It will also help LASU in terms of global rating and outlook. We are using this model as a test case, which governments from other parts of the country will come and emulate. I believe we can deliver on this project and set a precedent that will change the course of tertiary education for good.”

Sanwo-Olu told the developers not to default the agreement deadline nor deviate from the terms of the agreement, stressing that the State Government would monitor the development of the Halls of Residence at every stage of their construction to ensure compliance with agreement.

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, reiterating that there would be more private sector-led infrastructure development programmes to be initiated across the State-owned tertiary institutions.

Wahab pointed out the six concessionaires were selected through a transparent bidding procedure fully handled by a reputable management-consulting firm, PricewaterhouseCoopers (PwC).

He said: “Today’s signing of the agreement speaks to the heart of the Sanwo-Olu administration’s T.H.E.M.E.S agenda, which takes provision of quality education as fundamental pillar. All we have just done is to provide infrastructure that will make the campuses of our tertiary institutions habitable place for our students. By this agreement, we have just made huge positive impacts on the 26,000 LASU students, who regularly face needless pressure in securing scarce off-campus accommodation.”

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.

The contractors will move fully to sites in January and the projects will be completed by the middle of 2021.

The concessionaires are Costa Del Sol Limited, Seamless Integrated Limited, Aircom Nigeria Limited, Clay Hall Limited, First Investment Development Company Limited, and Advent Integrated Services Limited.

11 thoughts on “LASU: Sanwo-Olu Seals 8,200 Hostel Accommodation Deal With Developers …‘It’s Legacy That’ll Outlive Us’ – Gov’s Education Adviser

  • April 28, 2021 at 4:25 am
    Permalink

    What’s up, its fastidious article about media print, we
    all understand media is a fantastic source of facts.

  • April 29, 2021 at 4:01 am
    Permalink

    Excellent way of describing, and fastidious paragraph to get facts regarding my presentation subject, which i am going
    to deliver in school.

  • April 29, 2021 at 9:54 am
    Permalink

    I know this site provides quality depending posts and other stuff,
    is there any other web site which presents such data in quality?

  • April 29, 2021 at 3:40 pm
    Permalink

    If you would like to get much from this post then you
    have to apply such methods to your won web site.

  • May 4, 2021 at 12:01 am
    Permalink

    I was recommended this web site by my cousin. I’m no
    longer positive whether this post is written by him as nobody
    else know such precise approximately my difficulty.
    You are amazing! Thank you!

  • May 4, 2021 at 8:33 am
    Permalink

    Good way of telling, and nice article to obtain facts concerning my presentation topic, which i am going to
    convey in college.

  • May 7, 2021 at 2:37 pm
    Permalink

    hello there and thank you for your info – I’ve definitely picked up something
    new from right here. I did however expertise some technical points using this site, as I experienced to reload the website lots of times previous to
    I could get it to load properly. I had been wondering if your web host is OK?
    Not that I’m complaining, but sluggish loading instances times will very frequently affect your placement in google and can damage your high-quality score if advertising and
    marketing with Adwords. Anyway I’m adding this
    RSS to my e-mail and could look out for a lot more of your respective interesting content.
    Ensure that you update this again soon.

  • May 8, 2021 at 6:18 am
    Permalink

    When I initially commented I seem to have
    clicked the -Notify me when new comments are added- checkbox and now every time
    a comment is added I receive four emails with the exact same comment.
    There has to be an easy method you can remove
    me from that service? Kudos!

  • May 9, 2021 at 10:06 am
    Permalink

    Unquestionably believe that which you said. Your favorite justification seemed to be on the net
    the easiest thing to be aware of. I say to you, I certainly get
    irked while people consider worries that they just don’t know about.
    You managed to hit the nail upon the top and also defined out the whole thing without having side-effects , people could take a signal.
    Will probably be back to get more. Thanks

  • May 12, 2021 at 9:53 pm
    Permalink

    129628 363359Music began playing anytime I opened this site, so irritating! 853496

Leave a Reply

Your email address will not be published.

%d bloggers like this: