News

Oyo Govt Invests ₦500m in Abiola Ajimobi Tech-U, ₦850m on Sugar Plant

The Executive council of Oyo State today increased the number of vehicles for Operation Burst to 60 in a bid to further secure the State.

This is as a result of the procurement of 40 extra security vehicles for the agency.

Addressing the media after the Executive Council Meeting, the Commissioner for Information, Prince Dotun Oyelade, said that other security arms like the Army, the Police, Civil Defence among others, were also given additional vehicles.

The Commissioner revealed that already, Oyo State Amotekun has the largest number of Security vehicles with 150 for its operations, the largest number of personnel of about 2,000 and the best paid in Southwest Nigeria.

See also  Crisis in Oyo Community as Indigenes, Monarch Demands Exit of Mining Company

Prince Oyelade further revealed that the State Executive Council also approved ₦850million as investment in the Oyo Sugarcane Processors Limited, Iseyin through the State owned Pacesetter Holdings Limited.

The sugar plant currently valued at ₦4.9billion is at 90 percent completion.

The Commissioner said that by investing in the project, the State’s economy will be stimulated with the injection of 3,000 direct and indirect job opportunities.

See also  Oyo South: Tegbe Calls for Calm, Set to Challenge Elections Result

The Sugar plant will be completed next year.

Also during the media briefing, the Commissioner for Education, Science and Technology, Prof. Saliu Adelabu, said the State Executive Council has approved half a billion naira as capital grant for Abiola Ajimobi Technical University, Ibadan.

Prof. Adelabu said the ₦500million grant would aid the accreditation of the Institution’s new and old programmes for the 2024/2025 academic session by the National Universities Commission.

See also  Governor Makinde Commissions Oyo State ICPC Office Complex

The Commissioner for Education further disclosed that the State Government has approved over ₦900million as counterpart fund to partner with World Bank who had earlier donated ₦1billion to the State through the Better Education Service Delivery For All, BESDA.

According to Prof. Adelabu, the funding aiming to boost education development in the State would be used to eradicate out-of-school children, upgrade infrastructures and renovation of School structures across the State.

IFRAME SYNC

About the author

OyoAffairs

Oyo Affairs is an independent news media with the main focus on Oyo state news, politics, current events, trending happenings within and around Oyo state, Nigeria

Add Comment

Click here to post a comment