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The Governments of Oyo and Osun states have each contributed N250 million each towards resolving the Ladoke Akintola University of Technology (LAUTECH) crisis that has kept the school shut for over eight months.
A source disclosed to Newspeakonline that the university was already in possession of the money totaling N500million.
The institution has been shut for up to eight months owing to financial crisis that led to a prolonged industrial action by all categories of workers in the institution.
READ: PHOTOS: LAUTECH students protest in Ibadan
Last week, students of the students protested in Ibadan, marching the streets all the way to the Governor’s office.
Governor Abiola Ajimobi, while addressing the angry students, said he was doing all within his power to ensure that the school was reopened. He had promised that the state would contribute N250 million in order to ensure that workers went back to work.
The conversation with the students however turned dramatic and controversial when the governor berated the students for being unruly. But a meeting was later held where the students apologised and promised to work with the governor to see the end of the crisis.
WATCH: VIDEO: Ajimobi’s conversations with LAUTECH Students – The Full Story
the week before the protests, the governor had held series of meetings with the institution’s stakeholders where he assured that the school was going to be reopened before the end of January.