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The Oyo state government has increased its monthly subvention to the state-owned tertiary institutions.
The state commissioner for Education, Science and Technology, Prof. Adeniyi Olowofela, who revealed this on Saturday, said the increase is aimed at helping the schools take care of pressing needs.
His words: “As from June, the monthly subvention of the Polytechnic Ibadan will be N83,701,442 as against N51,850,721, Oke-Ogun Polytechnic, Saki will receive N27,557,507 instead of N12,778,753.60, while the Ibarapa Polytechnic, Eruwa will be collecting N27, 907,151.46k instead of N12,453, 575.73k.
“Also, Emmanuel Alayande College of Education, Oyo will receive N101,089,091.61k against previous N55,544,545.82k, the College of Education, Lanlate will receive N40,291,138.54k instead of N12,145,569.27k, and Oyo State College of Agriculture and Technology, Igbo-ora will be collecting N43,090,139.06k as against N17,045,069.58k. The variance in the increase is due to the peculiarity of each institution”, he explained.
The commissioner said the government was doing its best to help cushion the financial implication of running these tertiary institutions.
According to him, under the existing law, the entire financial responsibilities of the schools do mot rest on the state government but the government will always give financial support since the institutions charge tuition fees.
He appealed to the labour unions of the affected institutions to promote peaceful engagement with the government.