Mr Sanwo-Olu described the project as an investment in people and the future.
The University of Lagos says it attracted more than 120 nationally and internationally funded research projects over the past five years.
Ms Ogunsola said that the university would also confer honorary degrees on two outstanding Nigerians.
Lecturers at public universities in Nigeria began a two-week strike over pay and funding.
experts and industry captains gathered at the University of Lagos to brainstorm on equitable partnerships and the future of AI in Africa.
Ms Ogunsola announced this at the awarding of first degrees and diplomas to graduands from five faculties at the university’s 55th convocation.
The University of Lagos will confer an honorary Doctor of Science on WTO’s director-general, Ngozi Okonjo-Iweala, at its 55th convocation.
He said the agreement evidenced the commitment of the U.S. to “explore educational partnerships” between both nations.
“Students without lab or studio use would pay N100,750, those with lab use would pay N140,250, and college of medicine undergraduates would pay N190,250.”
