• Latest
  • Trending
Oyo technically bankrupt – Makinde

Oyo technically bankrupt – Makinde

4 years ago
Civil Societies honour Tinubu with Grand Commander of African Politics award

Civil Societies honour Tinubu with Grand Commander of African Politics award

3 hours ago
UBA GMD/CEO, Oliver Alawuba, conferred with doctorate degree by Imo State University

UBA GMD/CEO, Oliver Alawuba, conferred with doctorate degree by Imo State University

3 hours ago
Adebayo’s ‘The Waiting Room’ reveals life in childless marriages

Adebayo’s ‘The Waiting Room’ reveals life in childless marriages

3 hours ago
How Nigerian pastor’s wife was killed in US

How Nigerian pastor’s wife was killed in US

5 hours ago
UPDATED: Keyamo, Dogara trade words on Twitter over Tinubu

UPDATED: Keyamo, Dogara trade words on Twitter over Tinubu

6 hours ago
NLC slams El-Rufai over comments, says his ‘extremism dangerous for democracy’

NLC slams El-Rufai over comments, says his ‘extremism dangerous for democracy’

13 hours ago
Soldiers kill motorcyclist in Ibadan

Soldiers kill motorcyclist in Ibadan

1 day ago
‘It’s false’- Ex-Oyo Speaker faults  Fashola’s account of Ladoja’s impeachment

‘It’s false’- Ex-Oyo Speaker faults Fashola’s account of Ladoja’s impeachment

1 day ago
BREAKING: I’ll continue to campaign for Tinubu- Buhari

BREAKING: I’ll continue to campaign for Tinubu- Buhari

1 day ago
Naira scarcity: Dispense new notes or I’ll revoke your land, Borno governor warns banks

Naira scarcity: Dispense new notes or I’ll revoke your land, Borno governor warns banks

1 day ago
Finally, Emefiele appears before House of Reps over new naira notes

Naira scarcity: CBN begs Nigerians to endure challenges

1 day ago
Osun 2022: Stop attacking Makinde, he has no anointed candidate –Rep

Naira/fuel scarcity: Makinde deploys free buses in Oyo

1 day ago
Naira scarcity: Emefiele acting cabals’ script- Folarin

Naira scarcity: Emefiele acting cabals’ script- Folarin

2 days ago
Man slumps, dies inside bank

Man slumps, dies inside bank

2 days ago
NFIU: No going back on cash withdrawal limit

Makinde, Adelabu, Kola-Daisi suspend campaigns over fuel, naira scarcity

2 days ago
Appointments:  Clarke, Fasoranti, Adebanjo,13 others sue Buhari, demand N50bn

Presidency: Buhari’ll take major decision on naira redesign within seven days

2 days ago
BREAKING: Protests rock Ibadan over fuel, naira notes scarcity

BREAKING: Protests rock Ibadan over fuel, naira notes scarcity

2 days ago
CBN deadline: First Bank opens Saturday, Sunday to receive old naira notes

BREAKING: Allow Nigerians spend old, new naira notes- APC governors tell Buhari

2 days ago
  • Contact Us
  • Advertise
Sunday, February 5, 2023
Newspeakonline
  • Home
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
  • Home
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
Newspeak
UBA
Home Featured

Oyo technically bankrupt – Makinde

Akinwande Soji-Ojo by Akinwande Soji-Ojo
July 2, 2019
in Featured
Reading Time: 4 mins read
250 10
0
Oyo technically bankrupt – Makinde
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

Oyo State Governor, Engr. Seyi Makinde on Tuesday declared that the state government is technically bankrupt, adding that his administration is still looking for ways to salvage the situation and ensure the smooth running of government.

RelatedPosts

Newspeak awards commences 2pm

Senate summons UI VC over female lecturer’s petition

UI ASUU re-elects Ayo Akinwole as chairman

He disclosed this while playing host to members of the governing council of the University of Ibadan(UI) who were on a courtesy call to his office.

It would be recalled that the governor stated over the weekend during a media chat that the state is indebted to the tune of N150bn.

He said the situation is so critical that if the state were to be a private organisation, he would advise it to wind up instead of lending money to it.

His words: “When I came in, we were looking for ways to keep the government running because technically the government of Oyo state is bankrupt. If I take it as a private entity, I won’t lend a dime to the government of Oyo state. I will ask them to start winding up proceedings.

“So, we have been looking for ways to keep the government running. We have been beaming our searchlight on areas we can get money.”

Makinde, who noted that UI is an important member of the community, said his government will collaborate with the institution especially in the area of Public-Private Partnership to create a synergy between the academia and the government.

He appealed to the visitors to ensure that the outcomes of their research works on the university shelves are brought to the government so as to utilize them to better the lives of the people living in the state.

He said: “The University is a very important member of this community. We will like to collaborate with the university especially in the area of Public-Private Partnership (PPP) and for us, there should be a serious synergy between the academia and the government because the majority of the very good research outcomes stay on the shelf in the university.

“We want those to come out for us, to work together, to utilize those research outcomes to better the lives of our people. The government of Oyo state is keen and ready for such a partnership.”

The governor also promised to make a pronouncement soon on how to effect a turnaround for Agbowo Shopping Complex which he described as an eyesore and a security threat to both the university and neighbouring communities.

“The Agbowo shopping complex in front of the university is an eyesore. It is a lot of money that was sunk in there and we are not getting any value. As a matter of fact, that structure is a security threat to the university community. We are looking at it and I am sure before we mark our 100 days, there will be a pronouncement on how we intend to turn that shopping complex into something that brings benefit to the university community and residents of the state in general, “ Makinde said.

He emphasised that his administration is looking at various ways to boost the internal revenue of the state, hoping that the university will pay all outstanding tax it is owing the state government.

“The Bureau of Internal Revenue(BIR) came to me and said they had issue of PAYE (Pay As You Earn) with the University of Ibadan. And at the governor’s forum, I saw a document where a lot of the states got a huge refund from PAYE due to the federal institutions located in such states. I believe Ogun state got about N8billion; another state in the South West got N10 billion; and Oyo state got only about N91million. Then, I wondered what was going on here. They told me that it was work in progress and that they had been talking and did not have cooperation from the University of Ibadan.

“I can give you the assurance that this is something for the federal government to refund to us. All we need to do is open the books and see what has gone on and have an agreement. I told the Chairman of BIR that himself and myself will come and meet with the University of Ibadan to get the money.

“We will utilize such money immediately to do things that will lift our environment,” the governor stated.

Speaking earlier, the Pro-chancellor and Chairman of Council, UI, Waklek Mutka stated that the institution will cooperate with the state government in the area of research. He expressed the appreciation of the university for the “donation of N25million towards the rehabilitation of our facilities that were destroyed by the rainstorm of Saturday, March 9, 2019, even as a Governor-Elect.”

“Your magnanimity is unprecedented and we believe that the University will continue to enjoy the full support of the government. It is hoped that your administration will ensure that we have an environment that will guarantee peace and stability.

“We would cooperate with the state government in the area of research. Very soon the university will involve the government to work out the possibilities and the details,” Mutka said.

Related

What’s your Reaction?
Like
Like
0
Dislike
Dislike
0
Laugh
Laugh
0
Angry
Angry
0
Sad
Sad
0
Accurate
Accurate
0
0 Shares
Facebook Twitter WhatsApp Linkedin Messenger
×

Share this post!

Facebook Twitter WhatsApp Linkedin Messenger Telegram Tumblr
Tags: Oyo State GovernmentSey MakindeUI

Recent Posts

APPLY: Vacancies for communications positions at US Embassy, Red Cross, others

APPLY: Vacancy at USAID Nigeria

February 2, 2023
APPLY: Vacancies for communications positions at US Embassy, Red Cross, others

APPLY: Vacancies for communications positions at US Embassy, Red Cross, others

February 1, 2023
PERFORMANCE TRACK: Hon Akin Alabi empowers business owners with support fund

PERFORMANCE TRACK: Hon Akin Alabi gives medical support to constituents

February 1, 2023
PERFORMANCE TRACK: Hon Akin Alabi recommends constituents for jobs in private, government establishments

PERFORMANCE TRACK: Hon Akin Alabi recommends constituents for jobs in private, government establishments

January 25, 2023
PERFORMANCE TRACK: Hon Akin Alabi empowers business owners with support fund

PERFORMANCE TRACK: Hon Akin Alabi donates cash to landlords association to build infrastructure

January 18, 2023
PERFORMANCE TRACK: Hon Akin Alabi donates medical equipment to Primary Health Center

PERFORMANCE TRACK: Hon Akin Alabi donates medical equipment to Primary Health Center

January 11, 2023
PERFORMANCE TRACK: Hon Akin Alabi donates transformers to communities

PERFORMANCE TRACK: Hon Akin Alabi donates transformers to communities

January 4, 2023
PERFORMANCE TRACK: Hon Akin Alabi provides free legal services for constituents

PERFORMANCE TRACK: Hon Akin Alabi provides free legal services for constituents

December 21, 2022
Next Post
Makinde administration will create enabling environment for investors, job opportunities-Oyo SSG

Makinde administration will create enabling environment for investors, job opportunities-Oyo SSG

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newspeakonline

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Navigate Site

  • Breaking News
  • Business
  • Entertainment
  • Interview
  • Newpeak Magazine
  • Newspeak Exclusives
  • Politics

Follow Us

No Result
View All Result
  • Home
  • Latest News
  • Politics
  • Business
  • Entertainment
  • Technology
  • World
  • Opinion
  • Interview
  • Newspeak Exclusives

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newspeak We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications