As a follow-up to the agreement reached between Oyo and Osun state governments on the ownership of the Ladoke Akintola University of Technology (LAUTECH), Oyo state government has approved the payment of N8 billion to Osun State government as an asset sharing agreement.

The approval, which was conveyed by the Commissioner for Education, Barrister Olasunkanmi Olaleye, would be paid in three installments spread over a period of three years.

Correspondent Kunle Ojo reports that the Commissioner, while speaking with Journalists after the first state executive council meeting in Ibadan disclosed that the money will be paid over a period of three years.

Similarly, the Executive Council also approved provision of a tribrid system of power supply consisting of solar, diesel generating set and battery storage for Rural Community Development Centre (RCDC), Awe as an urgent intervention at the sum of N92 million only.