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Reversal! LASU Moves to Refund N840 Million to Students

Lagos State University, LASU to refund N840 million to students following Fashola reversal. πŸ˜€ 

Prof Obafunwa

Prof Obafunwa

Following the directive of Governor Babatunde Fashola to revert the Lagos State University, LASU school fees back to the old fees of N25,000, the  authorities of Lagos State University, (LASU) said they are making arrangements to refund over N840 million to students who had paid the new fees before it was slashed by the state government.

 The Vice Chancellor of the University, Prof. John Obafunwa said “We have already calculated the excess paid by the students, do not forget that even before the reversal, a lot of them have already paid for this session and we have already calculated within, what have been paid in excess. We have calculated over N840 million. It will only be for this session. The reversal does not mean LASU will go back to where it used to be and the problems of the past. You cannot go beyond the available infrastructure. You cannot take more than what you can’t admit. I don’t see any disadvantage in the reduction of the fee.”

He maintained that the fee reversal was not a decision of the university’s management, noting that “don’t forget there is the governing council and government, who are equally involved. It is a joint decision. Be that as it may, it is a welcome decision in a way depending on who is looking at it or commenting.”

Obafunwa further said, “Nothing is going to happen to all the capital projects going on in the university.

”The students have a role to play, they should take advantage of the fee reduction, pay attention to their studies and be more serious. You can be sure that next year, you will have lots of people applying to come to LASU, you must have the necessary infrastructure in place to accommodate any number. If you have more people applying to LASU, it gives you the opportunity to pick from the best. We are preparing our minds for those things; we expect parents to educate their children to maintain a very high standard.”

He added “And that is what we are focusing on now and I can tell you that we have had meeting with students union. The students have paid their fees. We reopen the portal after making adjustment to the new fees.” (vanguard)

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Olusegun Fapohunda
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This post is authored by Olusegun Fapohunda, the founder and editor of MySchoolGist. Boasting over a decade of expertise in the education sector, Olusegun provides up-to-date information on educational topics, career opportunities, and breaking news stories.You can connect with him on X/Twitter.