On 23 June 2021, LASU emerged as the best young university in Nigeria having been below the age of 50 years to be added.

[14] The university has attracted international funding, including for the establishment of a World Bank Group Africa Centre for Excellence on Science, Technology, Engineering, and Mathematics.

[17][18] A 300-seat theatre hall is under construction at the school's main campus in Ojo by the Awori Welfare Association of Nigeria (AWAN).

The modern building was built and commissioned in the later part of 2008 by the then Chairman of the Governing Council, Mr Kekere-Ekun (OFR).

It has a sitting capacity of 400 in its reading area with seating for 100 in the free wifi-connected E-library section.

The campus generator is powered for both the student's hostels, lecture rooms, and staff quarters.

Areas of education and research offered by the Institution are summarized in the table below: The two stream system was introduced in 2019 by Vice Chancellor Prof. Olanrewaju Fagbohun, who said that the innovation would to provide handicraft knowledge to students, would add value to their knowledge base and would encourage self-employment.

Ibiyemi Olatunji-Bello is the ninth substantive vice-chancellor of the Lagos State University (LASU),[40][41][42] she assumed duty on Wednesday, 22 September 2021.

[43][44][45][46][47] Prof. Olatunji-Bello was appointed the 9th Substantive Vice-Chancellor of the Lagos State University on 16 September 2021 succeeding Prof. Olanrewaju Fagbohun whose tenure ended on 11 January 2021.

[48][49][50][51][52][53] The Lagos State University (LASU) Ojo has started its work-study program with a group of ten students studying various courses as a pilot set.The plan is one of the administration's six-cardinal priorities, according to Prof Ibiyemi Olatunji-Bello, the university's current Vice-Chancellor.