Dr. Christopher Kolade becomes the Pro-Chancellor of the University following the retirement of Chief Akinkugbe.
National Universities Commission (NUC) approves the establishment of the School of Media & Communication. Master of Science in Media & Communication starts.
LBS is ranked among the top business schools in the area of Executive Education by the Financial Times of London for the first time. It has maintained this ranking over the years.
The Centre for Media and Communication is established at the Victoria Island Campus.
Lekki Campus completed. LBS begins to offer full-time MBA. The Enterprise Development Centre (EDC) begins to offer services to SMEs.