The Federal Government on Monday, September 20, 2021 granted approval for the construction of a new Faculty of Education building in the University of Lagos.
The new building with its External Works is to be undertaken by M/S Different Project Limited at a contract sum of N488,194,149.58k (Four hundred and eighty-eight million, One hundred and ninety-four thousand, one hundred and forty-nine-naira, fifty-eight kobo) inclusive of all taxes.
The project will be jointly funded with the sum of N483, 426,697.62k (Four hundred and eighty-three million, Four hundred and twenty-six thousand, six hundred and ninety-seven naira, sixty-two kobo), contained in the 2019-2020 Tertiary Education Trust (TET)Fund Merged Annual Intervention (2020R/FX577:Approval-in-Principle), while the balance of N4,767,451.95k (Four million, seven hundred and sixty-seven thousand, four hundred and fifty-one naira, ninety-five kobo) will be provided by the University’s Internally Generated Revenue (IGR).
The building project will comprise of lecture rooms, offices (all en-suite), secretarial offices, boardrooms and conveniences. The new faculty building also comes with supply, installation and testing of equipment and furniture to conform with set standards.
The new Faculty of Education building is expected to be completed and delivered within a period of one hundred and four (104) weeks.