The Lagos Stategovernment in a bid to improve the infrastructural status and state of the Lagos State University, ( LASU) stated that they had spent over N49 billion on the school in the last five years. This was contained in a statement made available reporters at the weekend. Five years ago, the State Government had inaugurated a six-man Visitation Panel led by Justice Olaseinde Silvato review various issues affecting the school. According to the statement provided, the LASU students tuition fees would not be enough to maintain the school and keep it running. “The students who pay the new tuition fees began payment only two sessions ago. Of the over 12,000 students in LASU, only 2,153 is expected to pay the new fees. This amounts to N459,257,960.00 paid by students in year one and two. “The total revenue of N459 million expected from tuition fees is a far cry from the State Government’s required expenditure on the institution. In 2014, about N9.2 billion will be spent by Government on LASU alone, out of which N2.6 is for capital expenditure and N6.6 billion is for recurrent. Out of the N9 billion proposed to be spent on LASU, less than half a billion naira will be generated from tuition fees!”
Posted on: Mon, 24 Mar 2014 22:21:48 +0000
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