Alumni Secure ₦100bn Fund as FG Approves Concession of King’s College, Lagos
The Federal Government has approved a landmark concession granting King’s College Old Boys’ Association management rights over King’s College, Lagos. This public-private partnership will not alter the school’s federal character or admissions diversity. To prevent fee hikes, the alumni launched a ₦100 billion fund to cover renovations and modernization costs. A seven-pillar plan will upgrade buildings, laboratories, hostels and sports facilities, and introduce AI-assisted learning, robotics hubs, coding programs and campus-wide broadband. A new Education Trust will oversee long-term operations, chaired by Alhaji Femi Okunnu with Sunny Kuku as vice president. High-profile donors such as the Emir of Kano, economist Atedo Peterside and former Senate President Bukola Saraki have pledged support. Alumni now call on corporate partners and the global diaspora to join in restoring the institution’s legacy. The move echoes past efforts to return missionary and unity schools to private management, a model that revived institutions in the 2000s despite initial teachers’ concerns and union pushback.
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