FG keeps King’s College ownership as old boys take over operations

The Federal Government of Nigeria has maintained ownership of King's College Lagos, while the King's College Old Boys' Association (KCOBA) will handle the school's financing, rehabilitation, operations, and maintenance, according to a Public-Private Partnership (PPP) concession. The Ministry of Education explained that the arrangement does not constitute a sale or privatization of the historic 117-year-old institution, as the Federal Government retains all statutory, regulatory, monitoring, inspection, and enforcement powers.

KCOBA will be responsible for raising the necessary funding and management capacity to rehabilitate, modernize, and operate the school, while the government will retain oversight through key performance indicators, audits, inspections, reporting requirements, and independent verification. Admissions will continue under the existing Unity College policies, ensuring merit, transparency, fairness, and national representation.

The concession focuses on addressing the infrastructure and operational needs of the school, including major rehabilitation of academic and administrative buildings, hostels, laboratories, libraries, dining facilities, sports facilities, landscaping, drainage, and environmental works.