Governor Gboyega Oyetola of Osun State, has released the sum of N472 million to the Ladoke Akintola University of Technology (LAUTECH), Ogbomosho, Oyo State, and the institution’s Teaching Hospital, Osogbo, Osun State.
The breakdown of the amount gathered shows that, while N250 million would go to the university, N222 million would go to the Teaching Hospital, Osogbo, for payment of salaries.
This came some week after the inauguration of a five-man panel to negotiate Osun State’s rights and privileges in the joint ownership of the institutions with Oyo State.
Recall that the governors of the two owner states, Seyi Makinde of Oyo and Adegboyega Oyetola of Osun, had met in Abuja two weeks ago at the instance of the Chairman of the university’s Governing Council, Professor Oladapo Afolabi, to planned a way forward for the university over the funding crisis affecting the institutions.
Part of the understanding reached at the meeting was the setting up of a 10-man committee, five from each state, to examine all the issues sorrouding the joint ownership agreements and proffer lasting solutions to the crisis.
The governor noted that the release of the fund was in line with the earlier agreement reached at a meeting in Abuja between him Governor Makinde on the need to guarantee financial stability and sustainability of the institution.
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