The state governor, Babajide Sanwo-Olu has signed a build, operate and transfer (BOT) agreement with private developers to deliver 8,272 hostel units in the university.

Sanwo-Olu said the project will be completed within 18 months, adding that the concession will run for 35 years.

The governor further said that the facility will accommodate 30% of the 26,000 student population of the university. 

The Chief Press Secretary to the governor, Gboyega Akosile said the partnership will help LASU’s global outlook and improve students academic performance.

“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.”

Lagos State University was established in 1983 as a multi-campus institution during the administration of Alhaji Lateef Jakande.