The Lagos State Government has again responded to the recent student agitations that led to the closure of the Lagos State University (LASU), saying tertiary education cannot be acquired for N25,000.
According to the Commissioner for Economic Planning, Ben Akabueze, the state government will spend N9.2 billion for capital and recurrent expenditure in the state university in 2014.
He reportedly said: “LASU is not funded by the tuition fees paid by the students. It is not possible in today’s world to get quality tertiary education at N25,000. Many Nigerians pay more than that to fund their children’s education at the primary education level. Government around the world spends more money funding basic education than tertiary education. This is to create platform for more people to be educated.”
“We have N9.2 billion that would be spent on LASU in 2014. Out of the N9.2 billion, N2.6 is for capital expenditure while N6.6 billion is for recurrent expenditure.”
Akabueze also disclosed that the state budgeted the sum of N2.7 billion for Adeniran Ogunsanya College of Education, AOCOED, Ijanikin, Micheal Otedola College of Primary Education, MOCOPED; N1.2 billion and Lagos State Polytechnic, LASPOTECH; N3.6 billion.