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LAUTECH: Makinde releases N500m for Iseyin Campus take-off

Posted by on November 21, 2021 0

Governor Seyi Makinde of Oyo State has released the sum of N500 million as a grant for the take-off of Ladoke Akintola University of Technology (LAUTECH) Ogbomoso, Iseyin Campus.

Chairman, Governing Council of the institution, Professor Deji Omole made this disclosure on Sunday.

DAILY POST recalls that the institution was formerly owned by both Oyo and Osun states.

Our correspondent recalls that Oyo State became the sole owner of the institution on 20th November 2020.

Makinde, a few months ago announced the establishment of the LAUTECH Iseyin campus of the institution.

Iseyin, which is one of the towns in the Oke Ogun geopolitical zone is in Oyo North senatorial district.

Omole, in a statement made available to DAILY POST, maintained Makinde has released the money for the take-off of the campus.

He said that the money has been released by Makinde as a grant for the smooth take-off of the College of Agricultural Sciences and Renewable Natural Resources in Iseyin Campus.

He further revealed that Makinde has concluded plans to pay Osun State Government another N1 billion on or before the first week of December.

Omole while speaking further stated that Makinde has paid five out of eight months of salaries owed to workers of the institution.

“In addition, the Oyo State Government had released the sum of N500 million to the institution as 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.

“Oyo state had already paid N1 billion 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 owed workers of the University,” he said.

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