The
Ladoke Akintola University of Technology, Ogbomoso has ostensibly
become a victim of the lack of political synergy between Oyo and Osun
state governments.
The alumni association of Ladoke Akintola University of Technology,
Ogbomoso, on Monday unveiled a plan to raise N1bn within 90 days to
help the institution out of its current financial crisis.
The initiator of the effort, Adebayo Adeyinka, noted that the
target was to raise N7bn as a form of intervention. He said the idea
came after a lecturer of the school approached him for financial
support.
He said, “The day a lecturer begged me for N1,000 was the day I
knew that we could no longer fold our hands. Together with the
#fundlautech team, we decided to do something. The easiest thing in the
world is to criticise. But we are determined to put our money where our
mouth is.
“The unveiling today is the result of that determination to
contribute our quota towards solving this problem. After weeks of
consultation and brainstorming, the initiators of the project decided to
adopt the crowd-funding model where alumni members and friends of the
school can send in their donations. This donation will be used to pay
the salaries and obligations of the staff of LAUTECH.
“Our aim is to raise first N1bn within 90 days. The current
wage bill of LAUTECH is N350m monthly. If we succeed in raising this sum
from the public, we will have a foot in the door, which will enable the
university to reopen, while negotiations and auditing as recommended by
the visitation panel can continue.”
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