Lagos State University (LASU) is set to become a residential tertiary institution, 36 years after it was established. The State Government, at the weekend, signed a Build, Operate and Transfer (BOT) agreement with six private property developers to deliver 8,272 units of hostel on the school campus in the next 18 months. Governor Babajide Sanwo-Olu officially approved the BOT agreement at a short ceremony held at Lagos House in Marina on Friday evening. The deal, which will lead to the construction of six blocks of Hall of Residence, was wrapped under the Public Private Partnership (PPP) policy of the State. The concessions will run for 35 years. When the private developers deliver the projects in 2021, it is expected that 30 per cent of the school’s 26,000 student-population will be served, thereby reducing the pressure resulting from over subscription of privately owned off-campus residences. After approving the contract, Gov. Sanwo-Olu said the deve...