Ekiti State Governor, Biodun Oyebanji, has approved a significant increase in the monthly subvention to state-owned tertiary institutions in the state.
The Special Adviser to the Governor on Media, Yinka Oyebode, revealed in a statement on Monday that Governor Oyebanji has raised the monthly subvention from N767.8 million per month to N1.27 billion.
Oyebode added that the increase was made “in recognition of the role played by these higher institutions in the state’s development and in fulfillment of the Governor’s promise to prioritize higher education and ensure Ekiti maintains its pride of place as the education capital of Nigeria.”
Providing the breakdown of the increase, the statement outlined, “With this increase, the higher institutions now have their subventions increased as follows:
- Ekiti State University Teaching Hospital (EKSUTH): From N261 million to N411 million.
- Ekiti State University (EKSU): From N260 million to N410 million.
- Bamidele Olumilua University of Education, Science and Technology, Ikere – Ekiti (BOUESTI): From N175.8 million to N275.8 million.
- Ekiti State Polytechnic, Isan: From N45 million to N95 million.
- Ekiti State College of Health Science and Technology, Ijero: From N26 million to N76 million.”
The statement further noted, “Since his inauguration, Governor Oyebanji has also approved the payment of one month of outstanding subvention to all tertiary institutions, which has since been disbursed.
He has also directed that the Independent Power Plant (IPP) be extended to both EKSU and EKSUTH, ensuring both institutions have a 24-hour power supply.
These financial, infrastructure, and governance interventions are part of the strategic effort by the government to ensure that the state’s higher institutions are best in class and deliver the type of education required to prepare our young people for opportunities in the 21st century.”
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