Ambode, who made this known at the 25th Convocation of the institution, said that the approval was in line with the recommendation by the polytechnic’s Governing Board.
He also announced the approval for the construction of hostel accommodation for students of the institution.
Ambode said that beyond academics, the state government was determined to promote the institution as a developmental tool to boost the employability of students and improve the livelihood of Lagosians.
He promised to build an auditorium and a standard stadium to be constructed simultaneously.
“The next time I come here, I will not want to address a convocation congress in an open field,” the governor said.
Ambode lauded the institution for justifying the 40 years of its existence as demonstrated by the pride it occupied among the state-owned polytechnics in Nigeria.
He charged the institution’s authorities to rise to the challenges of meeting the technical manpower requirement of both the public and private sectors, not only in Lagos but Nigeria as a whole.
“This is by no means saying that the polytechnic has achieved the desired objective of becoming a true centre for excellence in technological education and research.
“As an emerging megacity, our institutions and services must be of acceptable global standards and be agents of development.
“We must rise above just providing education for the sake of acquiring a certificate to providing knowledge which will empower our youth.
“Also, to become champions of their generation, to chart their own course and establish enterprises that will create jobs and generate wealth for all,” he said.
The governor said that in 2016, “the Ready, Set, Work Programme’’ was conceived as a capacity building initiative, targeted at final year students in the state tertiary institutions.
“The vision of the project is to ensure that graduates in the state institutions emerge as ready candidates for the increasingly competitive labour market, and more importantly, as job creators.
“At least, 200 students from LASPOTECH participated in the programme and 86 of them gained internship or apprenticeship placements in companies across the state.
“We are building on the success of 2016 by expanding the programme from 500 final year students to 2000 students, and LASPOTECH has been approved as a second centre for the programme.
“In addition 10,000 students in their penultimate year will have the opportunity to participate in Ready, Set, Work Academy online, ” he said.
In his remarks, Mr Samuel Sogunro, LASPOTECH Rector, appreciated the governor for his presence, saying that this was the first time a sitting governor would be attending the institution’s convocation.
Sogunro said that the best graduating had been given automatic employment by the state government.
9228 students graduated with 273 distinctions.
Adedolapo Ejire of the Department of Science Laboratory Technology (Chemistry option), emerged the best graduating student with Cumulative Grade Point Aggregate (CGPA) of 3.85.