The Osun State Governor, Rauf Aregbesola, has approved the release of N500 million to the management of the Ladoke Akintola University of Technology (LAUTECH) Ogbomoso.
The Public Relations Officer of the institution, Mr Lekan Fadeyi , announced this in a statement made available to newsmen in Osogbo on Saturday. He said the money was received on Friday.
He said the release was in fulfillment of the promise the governor made last week when he received the Chairman, Governing Council of LAUTECH, Prof Afolabi Oladipo, the Vice-Chancellor, Prof Adeniyi Gbadegesin, and other university officials in his office.
The university said the money came into its account on Friday just some days after the promise.
Fadeyi stated that the governor told the delegation that his administration was committed to the welfare of staff and students of the institution.
The university’s spokesperson quoted Aregbesola to have said that his government was proud of the various giant strides of the LAUTECH staff and students.
He appealed to the staff and students to continue with the good works aimed at sustaining its present position among tertiary institutions, stressing that all would be well soon.
Responding, the vice-chancellor said he was glad that Osun State had again shown its commitment as a part owner of the university.
He thanked the governor and people of the state while appealing that they should further demonstrate love to the university and its workers, through adequate funding.