Chairman, LAUTECH chapter of the Academic Staff Union of Universities (ASUU), Dr Biodun Olaniran, announced the suspension of the strike in a statement on Wednesday in Ogbomoso.
ASUU said that the strike was suspended following the union’s congress held on Tuesday at the university.
The institution had been shut since the lecturers went on strike eight months ago.
The union had embarked on the strike over unpaid salaries and allowances, as well as the failure of the owner states of Oyo and Osun to release subventions to the institution.
LAUTECH Vice Chancellor, Prof. Suleiman Gbadegesin, recently told newsmen that the two owner state governments had paid N584m out of the N7.6bn they owed the institution.
The owner states had in October 2016 set up a visitation panel in their efforts to find a lasting solution to the crisis.
The panel, headed by Chief Wole Olanipekun SAN, has submitted its report.