LAUTECH: Osun gets N8bn payout from Oyo

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Oyo State government is paying its Osun State counterpart N8 billion as part of the settlement over the assets sharing of the Ladoke Akintola University (LAUTECH), Ogbomoso.

This is part of the agreements during the negotiation for the sole ownership of LAUTECH.

EduCeleb.com gathered that the mode of payment was reached after the state’s Executive Council meeting held at the Governor’s Office, Agodi, Secretariat, Ibadan.

While briefing the Governor’s Office correspondents after the meeting, the Commissioner for Education, Science and Technology, Olasunkanmi Olaleye, revealed the mode of payment to the Osun state government.

He said, “On the issue of LAUTECH, the Oyo State Government at its Executive Council Meeting has approved N8billion to be paid to the Osun State Government which formed part of assets sharing negotiation reached.”

“We will pay N1bn in January 2021, another N1bn in December 2021, while N3bn will be paid in 2022 and the remaining N3bn will be paid in 2023.”

Recall the crisis of interest between the two-state government over the ownership of the university, was finally laid to rest, as the National Universities Commission (NUC), ceded the institution to Oyo State Government in November 2020.

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The intercessor, NUC, also ceded the College of Health Sciences, located in Osogbo, to Osun State. Executive Secretary of NUC, Professor Abubakar Rasheed, made the announcement in Abuja, where he clarified that the administrative and other remuneration costs would be borne by the Oyo State Government, while the Osun State Government would bear the financial burden of the College of Health Sciences.

The school was established in 1990 by the old Oyo State Government with the main campus located in Ogbomoso, Oyo State, while the teaching hospital was established in Osogbo, now Osun State capital.

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