Education

Oyo Approves 8 Billion Naira Payment For LAUTECH

By Web News 573

Oyo State Government has approved the payment of 8 billion naira to its Osun State counterpart in line with assets sharing agreement on the sole ownership of the Ladoke Akintola University of Technology, LAUTECH.

The Commissioner for Education, Science, and Technology, Mr Olasunkanmi Olaleye stated this while briefing newsmen at the end of the State Executive Council meeting in Ibadan.

Mr Olaleye who said the payment would be spread within three years, explained that 1 billion naira each would be paid in January and December 2021.

He added that 3 billion naira would be paid in 2022 while the last 3 billion naira would be cleared in 2023.

Also, the Oyo State Commissioner for Energy, Mr Seun Ashamu disclosed that the state executive council has approved the sum of 92 million naira to provide constant electricity supply to the Rural Community Development Centre, Awe in Afijio Local Government Area of the state with the use of solar power, diesel generator, and battery storage.

He added that the state government has also approved a sum of 750 thousand naira for the procurement of 60 bicycles to convey civil servants and visitors within the state Secretariat to Ministries, Departments, and Agencies.

Mr Ashamu who noted that the bicycles would be tagged “Keke Seyi” explained that health protocols and procedures would be deployed to ensure adequate protection of all against contracting the dreaded Coronavirus while making use of the bicycles.

Iyabo Adebisi

Economy

Oyo State gemstone market would attract foreign investments – Minister

By Web News 790

Federal government is to commence the construction of an international gem stones market in Ibadan, Oyo State capital.

To this end, the Oyo State government has allocated two hectares of land for the project.

The Minister of Mines and Steel Development, Architect Olamilekan Adegbite stated this in Ojoo, Akinyele Local Government during an official handover ceremony of the land by the representatives of the state government.

The minister noted that the project was part of initiative by the federal government to facilitate its economic recovery plans across the nation due to consequences of COVID-19 pandemic on the country’s economy.

Architect Adegbite who believed that the project would be completed this year, said the gem stone market would not only boost Oyo State economy but attract foreign investment.

In their remarks, Oyo State Commissioner for Energy and Mineral Resources, Mr Seun Ashamu and the Executive Chairman of Oyo State Solid Mineral Development Agency, Mr Abiodun Oni explained that the project when completed, would complement the diversification plans of Governor Seyi Makinde’s administration.

Iyabo Adebisi