By: Ikugbadi Segun
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 new Faculty of Education building is expected to be completed and delivered within a period of one hundred and four (104) weeks.
The building project will consist 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.