OJO, LAGOS STATE– The Lagos State University (LASU) is currently browsing a substantial monetary difficulty, costs over 200 million monthly 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 severe pressure energy costs put on the institution’s scholastic and infrastructural spending plans.
The disclosure was made during the main sod-turning ceremony for the Tertiary Education Trust Fund (TETFund) and Public-Private Partnership (PPP) Trainees’ Hostel Project at the university’s main school in Ojo.
Mr Sule discussed that the 200m monthly expense is a mix of grid-based electrical energy bills and the heavy expense of diesel utilized to run generators.
Read Also: Lagos CP gos to scene of deadly LASU trainee mishap, promises prosecution.
This dependence on alternative power is demanded by unsteady grid supply across administrative buildings, labs, and hostels.
A 200 Billion National Housing Press
Also speaking at the occasion, the Minister of Education, Dr Tunji Alausa, detailed an enormous federal intervention targeted at resolving the long-standing student lodging crisis.
Dr Alausa revealed that under the leadership of President Bola Tinubu, the Federal Government, through TETFund, has actually earmarked 200 billion in 2026 for student accommodation projects nationwide.
This consists of 100 billion specifically for brand-new hostel building across 50 institutions and an additional 96 billion for comparable welfare-focused interventions.
“This administration identifies that quality education surpasses lectures. It includes welfare, infrastructure, and a stable scholastic calendar,” Alausa specified.
Commissioner Sule applauded the partnership in between the federal and state federal governments, noting that federal interventions have significantly alleviated the financial problem on Lagos State.
However, he seized the opportunity to appeal for comparable strategic assistance for other state-owned organizations, particularly LASUSTECH and LASUED.
The occasion concluded with the official sod-turning, signalling the start of a project that stakeholders think will not only supply much-needed housing however also act as a sign of the restored focus on student well-being and institutional stability in Nigeria.