Gov. Adegboyega Oyetola of Osun has explained why the state opted out of the joint ownership of Ladoke Akintola University of Technology(LAUTECH), Ogbomoso.
Oyetola spoke in Abuja while fielding questions at NAN Forum, a special interview programme of the News Agency of Nigeria (NAN).
He said the decision was reached after his government weighed the options and discovered that it was more profitable to invest in its own new university than continue with the joint ownership with Oyo State.
The governor also cited the huge financial commitment and lopsidedness of faculties of the university as some of the reasons why it exited the joint ownership.
NAN reports that the institution founded as Oyo State University of Technology in April 1990 was jointly owned by Osun and Oyo States after the creation of the former on Aug. 27, 1991.
NAN further reports that the National Universities Commission (NUC) on Nov. 20, 2020 announced the end of the joint ownership with the university ceded to Oyo State, while the College of Health Technology was transferred to Osun.
