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🇳🇬 Nigeria /Economy & Trade

Oyo approves N650m LAUTECH research farm take-off grant

From The Punch · (3h ago) English Positive tone

Summarized and contextualized by DistantNews.

TLDR

  • The Oyo State Government has approved a N650 million grant for the Ladoke Akintola University of Technology (LAUTECH) Iseyin Campus's Teaching and Research Farm.
  • The approval also includes investments in infrastructure, ICT, healthcare, and mobility support for the campus.
  • Governor Seyi Makinde stated the initiative aims to enhance the university's global competitiveness and align with the state's agricultural and employment goals.

Oyo State is demonstrating a strong commitment to advancing its educational and agricultural sectors with a significant financial injection into Ladoke Akintola University of Technology (LAUTECH). The state government has officially approved a N650 million take-off grant for the Teaching and Research Farm at the Iseyin Campus, signaling a major boost for agricultural innovation and learning.

The government is deepening efforts to strengthen the institution through deliberate policies, sustained funding and targeted infrastructure expansion to consolidate long-term academic excellence and institutional growth.

— Governor Seyi MakindeRepresented by his deputy, Bayo Lawal, explaining the state government's strategy to enhance LAUTECH.

This substantial grant is part of a broader investment strategy that also encompasses crucial upgrades to infrastructure, Information and Communication Technology (ICT) facilities, healthcare services, and mobility support for the Iseyin Campus. Governor Seyi Makinde, represented by his deputy, Bayo Lawal, at the 18th convocation ceremony, emphasized that these developments are designed to elevate LAUTECH into a globally competitive center of excellence.

The State Government has approved N650 million take-off grant for the Teaching and Research Farm at the Iseyin Campus alongside investments in infrastructure, ICT, healthcare, and mobility support for the Ladoke, Iseyin Campus.

— Governor Seyi MakindeAnnouncing the financial approval for the LAUTECH Iseyin Campus.

The strategic focus on the Iseyin Campus and its research farm directly aligns with Oyo State's economic agenda. By investing in agriculture, food security, youth employment, and agribusiness expansion, the government aims to leverage the university's potential to drive sustainable development and create economic opportunities within the state.

We will continue to strengthen the university to ensure it competes favourably with leading institutions across Africa and beyond.

— Governor Seyi MakindeStating the ambition for LAUTECH's national and international standing.

From a local perspective, this move is highly encouraging. It signifies not only a commitment to academic and research advancement but also a practical approach to addressing key developmental challenges. The resolution of the protracted ownership dispute between Oyo and Osun states has clearly paved the way for a more stable and progressive future for LAUTECH, allowing it to attract renewed confidence and focus on its core mission of education and research.

Since the resolution of ownership issues, the university has enjoyed improved stability, uninterrupted academic calendars and renewed investor confidence

— Governor Seyi MakindeHighlighting the positive impact of resolving the ownership dispute on LAUTECH's operations.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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