Oyo State Governor, Mr Seyi Makinde, has announced the increment of the state’s education budget to 20 per cent in 2020.
The governor said this during a consultative meeting with stakeholders at the Ladoke Akintola University of Technology, Ogbomoso, vowing that in 2020, Oyo State would devote 20 per cent of its budget to education.
A statement by the Chief Press Secretary to Governor Makinde, Mr Taiwo Adisa, said the governor also announced the approval of N500m subvention to LAUTECH to address the demands of its workforce.
According to the governor, the visit to the university, which has been enmeshed in labour crisis over its joint ownership, was to assess things in the institution ahead of the inauguration of the Oyo State’s committee on the ownership crisis.
“Governor Makinde, who stated that he remained committed to his promise that the university would be adequately funded and that its academic calendar would become regular and definite, said there had been challenges to the realisation of the promise because the institution was jointly owned,” the statement added.
The governor was quoted to have said, “We are taking full responsibility for all the things that have happened in the past but we have to chart a sustainable way forward. I listened to the vice chancellor while speaking and learned that all the money they are owing you is about N6.07bn.
‘It is a lot easier to spend N6bn to establish a new university for Oyo State. Yes, we can do it. Some other people did it. You have heard about First Technical University in Ibadan but we are not going to trail that path. For the people of Ogbomosho, LAUTECH is our own Cambridge. It is our own Oxford. It is at the arch of the economy of Ogbomosho and, by extension, Oyo State.”