Friday, May 1, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home News

LASU Spends N200 Million Monthly On Electricity Costs

byJoy Ogbitse
May 1, 2026
in News
0
LASU Spends N200 Million Monthly On Electricity Costs
3
VIEWS
Share on FacebookShare on Twitter

Lagos State University (LASU) is currently grappling with high electricity expenses, spending more than N200 million every month to keep its campuses running. This was revealed by the Lagos Commissioner for Tertiary Education, Mr. Tolani Sule, who explained that the rising cost reflects a wider problem affecting public universities across Nigeria.

According to him, the huge bill covers both electricity from the national grid and the heavy use of diesel-powered generators. Like many institutions, LASU relies on generators due to unstable power supply, which significantly increases operating costs. The funds are used to power lecture halls, hostels, administrative offices, and other essential facilities.

Sule made this known during the sod-turning ceremony for the TETFund/PPP Students’ Hostel Project at the university’s main campus in Ojo. He noted that such recurring expenses are placing serious financial strain on the institution, leaving less money available for academic development and infrastructure upgrades.

He admitted that balancing these costs with other pressing needs has become increasingly difficult. However, he expressed hope that ongoing plans by the Federal Government to provide a dedicated power plant would bring relief. “With this power plant being planned for us, we believe a major challenge in electricity supply will be addressed,” he said.

He added that a stable power supply would improve teaching, research, and overall student welfare. Sule also described the new hostel project as part of broader efforts to improve infrastructure and living conditions for students across tertiary institutions.

The Commissioner praised both the Lagos State Government and the university’s management for sustaining LASU’s reputation as a leading institution. He also highlighted the importance of collaboration between federal and state authorities, noting that such partnerships help reduce financial pressure on state-owned universities. He further called for similar support for other institutions like LASUSTECH and LASUED.

Speaking at the event, the Minister of Education, Dr. Tunji Alausa, said the hostel project aligns with the Federal Government’s wider plan to improve learning conditions nationwide. He explained that better infrastructure, including accommodation and electricity, is key to achieving global education standards.

Alausa disclosed that about N100 billion would be spent in 2026 on hostel construction across 50 institutions, with an additional N96 billion allocated for similar projects. “This administration recognises that quality education goes beyond lectures. It includes welfare, infrastructure, and a stable academic calendar,” he said.

He also announced plans for independent power projects at LASU, including an 11-megawatt plant at the main campus and a four-megawatt facility in Epe. These initiatives aim to reduce reliance on costly diesel and unreliable public power supply.

Highlighting the need for more accommodation, he noted that LASU has about 84,000 students but only around 7,000 bed spaces. “This clearly shows the gap we are working to bridge. Students’ welfare remains a top priority for this government,” he said.

The minister encouraged Nigerian youths to remain optimistic and embrace opportunities, stressing that government programmes are increasingly focused on building entrepreneurial and technical skills for national development.

Tags: Lagos State University power expensesLASU electricity costLASU monthly electricity billLASU power plant projectNigeria university energy crisisstudent accommodation deficit NigeriaTETFund hostel project Nigeriauniversity infrastructure Nigeria
Joy Ogbitse

Joy Ogbitse

Next Post

Why Nigerian SMEs Struggle to Grow Beyond Survival

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

INEC Reschedules 2027 Elections, Introducing January Presidential Poll

INEC Reschedules 2027 Elections, Introducing January Presidential Poll

2 months ago

Nigeria’s 4G Speeds Surge to 33Mbps, Boosting Digital Growth and Economic Opportunity

4 months ago

Popular News

  • Nigeria Weighs Fuel Support to Secure 2026 Hajj Airlift

    Nigeria Weighs Fuel Support to Secure 2026 Hajj Airlift

    0 shares
    Share 0 Tweet 0
  • Zenith Bank Starts 2026 Strong with N360.9bn Profit and Expanding Growth

    0 shares
    Share 0 Tweet 0
  • Why Nigerian SMEs Struggle to Grow Beyond Survival

    0 shares
    Share 0 Tweet 0
  • Okomu Oil Palm Q1 2026 Pretax Profit Surges to N34.09 Billion

    0 shares
    Share 0 Tweet 0
  • LASU Spends N200 Million Monthly On Electricity Costs

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .