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LAUTECH Ownership: Oyo To Pay N8bn to Osun in Three years As Asset Sharing Agreement

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…approves N92m for Tribrid system of power supply to RCDC, Awe

By Bode Akinbode, Ibadan

As a follow-up to the agreement reached between Oyo and Osun state governments on the ownership of the Ladoke Akintola University of Technology (LAUTECH), the Oyo state government, on Tuesday, approved the payment of N8 billion to Osun State government as an asset sharing agreement.

The approval, which was conveyed by the Commissioner for Education, Barrister Olasunkanmi Olaleye, would be paid in three installments spread over a period of three years.

Olaleye stated this while briefing newsmen shortly after the Executive Council meeting held at the Governor’s Office, saying: “As a follow-up to the agreement reached with the Osun State government on the issue of sole ownership of LAUTECH, the Executive Council of Oyo State approved today the payment of the sum of N8 billion to Osun State government. It will be paid over a period of three years.

“The breakdown of the payment goes as follows: N1billion will be paid in January 2021 and another N1billion will be paid in December 2021. N3 billion will be paid in 2022 and the last three  will be paid in 2023. This was the decision of the council today.”

Similarly, the Executive Council also approved the provision of a tribrid system of power supply consisting of solar, diesel generating set and battery storage for Rural Community Development Centre (RCDC), Awe as an urgent intervention at the sum of N92 million only.

According to the state’s Commissioner for Energy and Mineral Resources, Barr. Temilolu ‘Seun Ashamu, the Council resolved to make the intervention on the Rural Community Development Centre, Awe, which is one of the hubs of the state’s Agribusiness development programme.

He said: “At the Exco meeting today, the Council resolved that the Ministry of Energy and Resources will provide an urgent intervention at the Rural Community Development Centre RCDC Awe, which is actually one of the hubs for the agribusiness development of this administration.

“It resolved that the ministry will provide a tribrid system comprising solar, diesel generating set and battery storage for RCDC.”

He also said that the council approved the launch of a bike sharing scheme codenamed Keke Seyi to facilitate easy transportation within the state secretariat, Agodi, Ibadan.

The scheme, which is to involve the use of 60 bicycles is being piloted by an indigenous company which will be paid the sum of N750,000 for its services.

He said that the bike-sharing scheme within the Secretariat will be available for use by members of the public and staff of the state.

 

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