OJO, LAGOS STATE– The Lagos State University (LASU) is presently navigating a substantial financial difficulty, spending over 200 million month-to-month on electricity and diesel to power its staff and student centers.
The Lagos State Commissioner for Tertiary Education, Mr Tolani Sule, exposed this on Friday, May 1, 2026, highlighting the serious pressure energy costs put on the organization’s academic and infrastructural budgets.
The disclosure was made throughout the main sod-turning ceremony for the Tertiary Education Trust Fund (TETFund) and Public-Private Partnership (PPP) Students’ Hostel Project at the university’s main school in Ojo.
Mr Sule discussed that the 200m regular monthly expense is a combination of grid-based electrical power bills and the heavy expense of diesel utilized to run generators.
Check out Also: Lagos CP check outs scene of deadly LASU trainee accident, pledges prosecution.
This reliance on alternative power is demanded by unstable grid supply across administrative buildings, laboratories, and hostels.
A 200 Billion National Housing Push
Likewise speaking at the event, the Minister of Education, Dr Tunji Alausa, detailed a massive federal intervention focused on solving the enduring trainee accommodation crisis.
Dr Alausa exposed that under the leadership of President Bola Tinubu, the Federal Government, through TETFund, has actually allocated 200 billion in 2026 for student lodging jobs across the country.
This consists of 100 billion particularly for brand-new hostel building and construction across 50 organizations and an additional 96 billion for comparable welfare-focused interventions.
“This administration acknowledges that quality education goes beyond lectures. It consists of well-being, infrastructure, and a steady scholastic calendar,” Alausa mentioned.
Commissioner Sule applauded the partnership between the federal and state federal governments, keeping in mind that federal interventions have substantially eased the financial concern on Lagos State.
However, he seized the chance to appeal for similar strategic support for other state-owned institutions, specifically LASUSTECH and LASUED.
The occasion concluded with the official sod-turning, signalling the start of a task that stakeholders think will not only supply much-needed real estate but likewise act as a symbol of the restored focus on trainee well-being and institutional stability in Nigeria.