Financial Challenges

Lagos State University (LASU) has inaugurated a 21-man Financial Sustainability Committee to evolve strategies to create revenue sources and guarantee the financial sustainability of the institution after the coronavirus pandemic. Inaugurating the committee at a virtual meeting on Tuesday in Lagos, LASU Vice-Chancellor, Prof. Olanrewaju Fagbohun, said the step became imperative in the light of financial challenges that were envisaged in the wake of, and aftermath of the pandemic. “As a management, we do recognise that our institution, like almost every other institution around the world, are already facing and will face serious financial challenges. “A lot will depend on how institutions chose to manage their affairs that is why the management of LASU felt the need to put in place strategi...