The Oyo State House of Assembly has called on Governor Seyi Makinde to honor his pledge to release the sum of N500 million to the Abiola Ajimobi Technical University, Ibadan, in the 2024 fiscal year.

The lawmakers urged the governor to commence monthly subvention payments to the institution beginning January 2026, stressing that consistent funding is vital to sustaining its academic and administrative activities.

This resolution was reached following a motion sponsored by Hon. Oluwafemi Fowokanmi, representing Ibadan South West Constituency II and Chairman of the House Committee on Tertiary Education, and seconded by Hon. Babajide Adebayo of Ibadan North Constituency II.

Presenting the motion, Fowokanmi lamented that the university is grappling with gross underfunding, which has affected its infrastructure, staff welfare, and academic operations.

He noted that the institution currently survives on scholarships, internally generated revenue, and TETFUND support, which are inadequate to meet its growing needs.

He commended Governor Makinde for inaugurating the Governing Council of the university, describing the move as a significant step toward institutional stability.

However, he pointed out that the N500 million earlier announced by the state government in 2024 has yet to be disbursed.

The lawmaker explained that the school’s financial burden has further increased following the approval of the new minimum wage, forcing the management to resort to bank loans to pay staff and meet other obligations.

In his ruling, the Speaker of the House, Hon. Adebo Ogundoyin, approved Fowokanmi’s request mandating the Committee on Tertiary Education to interface with the management of the university.

According to Ogundoyin, the engagement will help audit the school’s accounts, internally generated revenue, and overall financial records, while also identifying other challenges confronting the institution.

He emphasized that the findings will guide the Assembly’s intervention and enable it to provide stronger legislative support for the university.

Oyo Assembly urges Makinde to release N500m pledged to Ajimobi Technical University