The Oyo State government has announced the approval of a N500 million capital grant for the Abiola Ajimobi Technical University, Ibadan, to aid the accreditation of courses for the 2024/2025 academic session by the National Universities Commission (NUC).
The grant will also facilitate the commencement of new programs, including nursing and science laboratory.
In addition, the state government has approved over N900 million as a counterpart fund to partner with the World Bank on the Better Education Service Delivery for All (BESDA) initiative, which aims to eradicate out-of-school children, upgrade infrastructure, and renovate school structures. The World Bank has donated N1 billion to the state through this initiative.
Furthermore, the state government has invested N850 million in the Oyo Sugarcane Processors Limited, Iseyin, through Pacesetter Holdings Limited. The sugar plant, valued at N4.9 billion, is nearing completion and expected to start operation in 2025, generating 3,000 direct and indirect job opportunities and stimulating the state’s economy.
These approvals were disclosed by the state Commissioner for Education, Science and Technology, Saliu Adelabu, and the Commissioner for Information and Civil Orientation, Dotun Oyelade, after the weekly State Executive Council meeting in Ibadan.
