We Have Subsidised LAUTECH Tuition Fees With 22 Billon Naira – Ajimobi

Governor Abiola Ajimobi, one of the sponsoring states’ Governors funding the Ladoke Akintola University of Technology, LAUTECH has assured that the school will be reopened soon as efforts to facilitate that are on.

Speaking at the programme tagged ‘Saturday Special’ aired on the Broadcasting Corporation of Oyo State (BCOS) yesterday, Ajimobi said his administration had funded the state’s university with 22 billions since 2011.

LAUTECH has been locked down for several months in spite of the nonpayment of lecturers’ salaries and subvention.

He described the amount being paid as tuition fees in LAUTECH as “abysmal,” adding that it would be reviewed for the institution to be self-sustaining.

“The default in the payment of subvention and salaries was as a result of economic downturn. When we came on board, we reduced the tuition fees to N65, 000.

“There are secondary schools that charges from N150,000 to N200,000, while some universities charge from N500,000 to two million naira.

“Till date, we have subsidised LAUTECH heavily and we are still giving them.

“Imagine, the institution has 99 accounts and some could not be traced,’’ he said.

Ajimobi said that government had constituted the institution’s governing council which was expected to submit its report after the current holiday.