In order to keep the Technical University (Tech-U) Ibadan, self sufficient and self dependent, the institution’s total school fees package is put at about N900, 000.
Oyo State Commissioner for Education, Science and Technology, Prof. Adeniyi Olowofela disclosed this while featuring on a radio programme monitored in the state on Tuesday.
He explained that the university was meant for those who can afford it.
He also stressed that it was not established as an alternative to the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, which is jointly owned with Osun state.
According to him, moves were in top gear to resolve the crisis rocking LAUTECH.
He hinted that the audit report on the institution may be ready and submitted to the government by Friday, August 25, 2017.
According to him, “theposition of Osun State government was that if Osun State university that was established 12 years ago can be self-financing, LAUTECH that has been established for twenty years plus must be self-financing as well especially now there’s dwindling allocation to state from Federal government”
Olowofela added that, to show the seriousness of both state governments towards the institution, the two state governments in January, 2017 committed N292million each to solve the immediate problem of the school while the state governments later jointly approved the audit of the school by KPMG.
He pointed out that if Oyo state government was not serious about LAUTECH, it would not have spent a whopping N22 billion on the institution.