Governor Babajide Sanwo-Olu, on Thursday said that the Lagos State Government will establish the State Tertiary Education Trust Fund to create a financial model that will sustain its universities, on Thursday.
He stated this when the Visitation Panel to the Lagos State University (LASU) tendered its report to him at the State House in Marina.
Sanwo-Olu said the panel, set up on November 16, 2021, was set up to ensure the university management remains focused on performance and has a clean bill on 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 a need to establish the trust fund to enable the university management remain focused and help the government leave a good legacy in the education sector.
