Why funding of Oyo Tertiary Institutions was suspended, by Ajimobi 

Abiola Ajimobi, Oyo State Governor

Abiola Ajimobi, Oyo State Governor

Governor Abiola Ajimobi, of Oyo State, yesterday, said his government’s decision to stop subventions to state-owned tertiary institutions was due to lack of funds.

Besides, the governor said the management of the affected institutions should look inwards and devise means of generating funds.

Ajimobi spoke at the dedication of a multi-million naira Vice Chancellor’s Lodge, donated to the Ajayi Crowther University (ACU), Oyo, by Chief Wole Olanipekun (SAN).

The state government had in a letter datedSeptember 20 dated letter to the institutions, conveyed its decision to stop funding them.

The letter stated that the institutions should no longer expect subventions whether for any arrears, current or future expenses.

His word: “Looking at the economic situation of the country and in the whole world, we have dwindling oil revenue. It has affected virtually all aspects of our socio-economic life, and we are unable to really cope. Therefore, we believe that apart from the dwindling resources, all Nigerians must participate in education. Education is participatory.”

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