Oyo Govt Announces Amount To Pay Osun For Sole Ownership Of LAUTECH

• The Oyo Govt has announced amount to pay Osun for sole ownership of LAUTECH

EKO HOT BLOG reports that the Oyo state government is set to pay Osun State Government another N1billion on or before first week in December to make a total of N2billion out of the N8billion contained in the asset sharing agreement of Ladoke Akintola University of Technology (LAUTECH).

The Chairman, Governing Council, of LAUTECH, Prof. Deji Omole, who disclosed it yesterday said Governor Makinde has released N500million to LAUTECH as grant for the take-off of the College of Agricultural Sciences and Renewable Natural Resources at Iseyin campus of the university.

At a one year anniversary pronouncement of the sole ownership of LAUTECH and six months of the inauguration of the Governing Council of the institution, Prof. Omole said Governor Makinde had paid five 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 became the sole owner of LAUTECH on November 20, 2020 following an agreement reached between the defunct owners of LAUTECH: Oyo and Osun states.

“Oyo State has already paid N1billion to Osun State and earmarked another N1billion to be paid on or before the first week of December, 2021. Oyo State has liquidated five of the eight months’ salary arrears being owed workers of the university.