Governor of Oyo State, Seyi Makinde has given his approval for the sum of N200 million be released to the Ibadan Polytechnic to secure accreditation for some of its courses and another N100 million for capital projects in the 2020 Budget.
Makinde revealed while speaking at the 34th convocation ceremony of the institution.
The governor, who was represented by the Commissioner for Education, Professor Daud Shangodoyin, said that his administration supports quality academic culture and would not do anything to hinder its development.
“My administration is determined to salvage the education sector from its doldrums. The problem facing education is multifaceted, but we are prepared, more than ever before, to confront the problem and make the state a model educational state to be emulated by others in terms of quality personnel engaged in academic activities at all levels.
“The budget recently presented to the state House of Assembly has given education the highest allocation of 22 per cent, hence we hope that Oyo State will bounce back as the leading educational state and fountain of knowledge setting the pace for others.
“To ensure the accreditation of all your courses, the sum of N200 million was approved and released to your institution with the hope that the money would be spent judiciously and accreditation of all listed courses secured.
“We have also approved a sum of N100 million in the 2020 budget for the execution of capital projects in the institution. All these, from the records available to me, have not happened in the institution in the last 10 years”, he said.