*releases 500m for Iseyin Campus take-off.
By; BAYO AKAMO, Ibadan
Chairman Governing Council Ladoke Akintola University of Technology (LAUTECH), Professor Deji Omole on Sunday disclosed that Oyo State Government
Speaking in a one year anniversary pronouncement of the sole ownership of LAUTECH by the Oyo state government and Six months of the inauguration the Governing Council of the Institution, Prof Omole said with the payment, the amount paid to Osun state government will now be N2 billion out of the N8 billion contained in the asset sharing agreement.
” Oyo state had already paid one billion naira to Osun State and earmarked 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”, he said
Professor Omole added, ” 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.”
Speaking further, Professor Omole hinted that Governor Makinde has also released the sum of N500million 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.
He maintained 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.
The Chairman LAUTECH Governing Council stressed, 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.
Emphasizing that the Council has been monitoring the finances of the University Transparently to ensure prudent management of resources and reporting same to the visitor which is Governor Seyi Makinde, Professor Omole said ” the investment of Governor Makinde is already positioning LAUTECH as choice institution for those seeking admission as 11, 300 candidates are to write post JAMB examination as against 5, 000 in the 2017/2018 session”.
In the area of training and manpower development, Professor Omole stated that a staff audit has been carried out to ascertain the manpower needs of LAUTECH.
“We are hoping to inject new blood because LAUTECH is top heavy and this does not give room for mentorship and successor plan. We have done staff audit. We have also established collaboration with University of Botswana and Oyo State government has resolved to patronize them for consultancy”
