Prof. Folasade Ogunsola, the Vice Chancellor of the University of Lagos, stated that the rise in fees was a response to the difficult economic conditions in the country.

citing dwindling government funding. This has impacted the institution's operational costs, including expenses for hostel maintenance, electricity, internet, result verification, program accreditation, and logistics for accreditation visits. She outlined specific costs, such as an annual electricity bill of N1.7 billion, result verification at N3,500 to N5,000 per student, and annual examination costs of about N80 million.

Prof. Folasade Ogunsola, the Vice Chancellor of the University of Lagos.

Previously, students paid N19,000, but now fees have been adjusted to N190,250 for Medicine, N140,250 for courses with labs or studios, and N100,750 for programs without such requirements. Ogunsola emphasized that the fees remained unchanged for 15 years prior to this adjustment. The decision to increase fees was made in January, with a parents' forum held to inform stakeholders and unions. Unfortunately, due to council dissolution and the removal of petrol subsidies, the situation became more challenging.

Ogunsola assured that the university is committed to finding ways to alleviate the impact of the fee hike on students, staff, and parents, and affirmed that no student would be forced to drop out as a result.