The Governor of Oyo state, Abiola Ajimobi, has announced that the tuition fees of Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, will be reviewed in order to make the institution self-sustaining.
He made the announcement on Saturday in Ibadan, while featuring on a programme tagged “Saturday Special’ aired on the Broadcasting Corporation of Oyo State (BCOS).
It is worth noting that LAUTECH is co-owned by both Oyo and Osun state governments.
Ajimobi said his administration had since assumption of office in 2011, paid N22 billion to the institution.
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 subsidized LAUTECH heavily and we are still giving them.
“Imagine, the institution has 99 accounts and some could not be traced,’’ he said.
The governor said that government had taken steps to resolve the crisis in the university, among which was the auditing of its account to determine its viability to be self-sustaining like other institutions. (NAN)
