King’s College Lagos Remains Publicly Owned, FG Confirms

On September 12, the Federal Government of Nigeria reassured the public that King’s College, Lagos, has not been sold or privatized, maintaining its status as a publicly owned institution. Dr Maruf Tunji Alausa, the Minister of Education, provided this clarification regarding the Public-Private Partnership (PPP) concession agreement with the King’s College Old Boys’ Association (KCOBA).

Alausa emphasized that the government retains the legal title to the school and will continue to exercise its oversight responsibilities. The concession is designed to mobilize investment and management capabilities to strengthen the institution without transferring ownership to KCOBA.

Under this agreement, KCOBA is responsible for financing, rehabilitating, modernizing, operating, and maintaining the school. The arrangement was developed following a comprehensive assessment process and does not involve a conventional monetary concession fee.

Instead, KCOBA's obligations include capital investment and achieving measurable performance targets while ensuring the public character of King’s College is preserved.