The Vice-Chancellor, Lagos State University, LASU, Prof. Ibiyemi Olatunji-Bello, on Monday announced a 50 percent refund on school fees for University Scholars.
However, to benefit from the scheme, students would need to maintain a CGPA of 4.50 every session.
Olatunji-Bello disclosed this during the matriculation ceremony for the 6,648 students admitted for the 2020/2021 academic session.

According to the VC, students in such category would be refunded N28,500 out of the N57,000 school fee paid per session. The refund, she added, would be done at the end of each session.

"This is part of our efforts at making life better and easier for our world class students. This is also to encourage our students and promote healthy competition among them. When I was the acting Vice-Chancellor some years back, we did the same thing but then the school fee was N25,000.
Commenting on students’ employment policy, the newly appointed VC disclosed plan to establish micro factories within the universities where students can work to get monthly stipends. This, according to her is to aid students’ welfare.

While she described the university as the second best university in Nigeria as rated by Times Higher Education (THE) World University rankings; she made known her vision to move the university to a more enviable height of being the best university in West Africa by 2025 when her tenure is expected to come to an end. "We are committed to the cause and are determined to emerge the Best University in the West Africa Region," she reiterated.

The VC encouraged the matriculating students to strive for academic excellence in all they do; urging them to shun deviant behaviors, avoid indecent dressing and other vices that can expose them and others to danger.
"Carefully select your friends, the University has zero tolerance for cultism, examination malpractices, corruption and hooliganism. Those found culpable will be dealt with in line with our disciplinary mechanisms. LASU has what it takes to make you succeed in your respective course of study. Your welfare is top on our priority as we will ensure that the learning environment remains conducive for learning. Your security in and around the University is paramount as we have put in place adequate security measures."

"We have a well-equipped University library for your use. We will ensure steady power supply to enable those who wish to study at night to do so comfortably. Our resourceful and diligent Academic and Non-Teaching Staff are always available and willing to mentor and assist you in becoming the best in your chosen careers. We also have the Guidance and Counselling unit where you can obtain professional advice on making the best out of life. We also have the Career Development Centre (LCDC) where you can be professionally advised on your career path and the Directorate of Skills Development and Entrepreneurship where you can acquire new skills and enhance those you already possess."

The Acting Dean, Students Affairs, Dr Tajudeen Olumoko, said over 47,000 candidates applied for admission in the university and that the students should count themselves lucky to be admitted.