King’s College Lagos Remains Publicly Owned, FG Confirms

The Federal Government of Nigeria has clarified that King’s College, Lagos, has not been sold or privatized, maintaining that the institution remains publicly owned with the legal title retained by the government. Minister of Education Tunji Alausa made this statement on Friday, addressing concerns regarding a Public-Private Partnership (PPP) concession involving the King’s College Old Boys’ Association (KCOBA).

Under the concession agreement, KCOBA will finance, rehabilitate, modernize, operate, and maintain the school, while the Federal Government retains legal title and oversight responsibilities. Alausa assured that the concession does not equate to a sale and protects the public character of the institution.

The agreement underwent various assessments and received necessary approvals. Admissions will continue to follow existing policies, ensuring merit-based representation from all states.

The concession aims to address infrastructure needs and secure the institution's long-term sustainability, with KCOBA responsible for significant rehabilitation and development projects.