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Lagos earmarks N6.3bn for LASU

By Olasunkanmi Akoni & Monsur Olowoopejo
LAGOS — Lagos State Government, yesterday, said it had budgeted N6.3 billion in the state’s 2012 budget for the repositioning of the Lagos State University, LASU.

Governor Babatunde Fashola had last Monday, signed the state’s N491.827 billion 2012 Appropriation bill into law.

Commissioner for Economic Planning and Budgeting, Mr. Ben Akabueze, who disclosed this while giving an analysis of the state ‘s 2012 budget at a news conference, added that N20 billion had  been earmarked for the provision of water supply in the 2012 budget.

On the LASU budget, he said though the amount was still far from what was needed to run the institution, it was, however, a marked improvement on previous budgetary allocations.

Akabueze said LASU was in need of serious interventions in view of its collapsing infrastructure, saying that a significant percentage of the allocation would go into that.

The commissioner added that the government also decided to increase the allocation to the institution to offer more scholarships and bursaries to needy students.

He explained that government was widening access to scholarships to help indigent incoming students cushion the effects of the recent fee increase.

Akabueze said the increment was not done by the government to abdicate its responsibility of funding the institution, saying the proceeds from it were far lower than the government subvention to the school.


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