Lagos State Government will establish the State Tertiary Education Trust Fund to create a financial model that will sustain its universities, Governor Babajide Sanwo-Olu said yesterday.
He spoke when a visitation panel to the Lagos State University (LASU), Ojo presented its report to him at the State House in Marina.
Sanwo-Olu said the panel, set up on November 16, 2021, was put in place to ensure the university management remained focused on performance and had a clean bill in where and what to do.
Establishing a tertiary education trust fund was part of the recommendations in the panel’s report, especially since the state now has three universities to cater for.
The governor said there was need to establish the trust fund to enable the university management stay focused, and also help the government leave a good legacy in the education sector.
He directed his Special Adviser on Education, Tokunbo Wahab and Commissioner for Justice, Moyosore Onigbanjo, to work out modalities on the establishment of the fund.