Chairman Governing Council Ladoke Akintola University of Technology (LAUTECH), Professor Deji Omole on Sunday stated that Governor Seyi Makinde led government is set to pay Osun State Government another 1billion naira on or before first week of December to make a total of two Billion Naira out of the 8billion contained in the asset sharing agreement.
Professor Omole also stated that Governor Seyi Makinde has also released the sum of 500million naira to LAUTECH as grant for the smooth take-off of the college of Agricultural Sciences and Renewable Natural Resources in Iseyin Campus of the University.
In a one year anniversary pronouncement of the sole ownership of LAUTECH and Six months of the inauguration the Governing Council of the Institution, Professor Omole stated that Governor Makinde has paid five out of eight months salaries owed workers of the institution before taking over the sole ownership of the institution envisaging that the balance would be cleared in the next six months.
“Oyo state had already paid one billion naira to Osun State and airmarked another one billion to be paid on or before the first week of December, 2021. Oyo State has liquidated five out of the eight months salary arrears being owned workers of the University. In addition the Oyo State government had released the sum.of 500million naira to the institution has take off grant for the smooth running of the school. Indeed the capital expenditure for infrastructure development of the school has been budgeted for in the 2022 appropriation Bill. This is happening for the first time in the history of the institution.”
Furthermore, Omole added that the 25%percent reduction in fees for students in the school as announced by Governor Seyi Makinde will take effect from the 2022 session urging students to reciprocate the gesture by staying focused as shunning anti-social behaviours.
Source: InsideOyo