CBN Hands Over TechU Buildings to Oyo State Government

The Central Bank of Nigeria (CBN) has reportedly handed over a Central Library, Blocks of Lecture and Administrative buildings to the Oyo State Government as part of its intervention programs towards the education sector in the state.

It was donated to TechU, Ibadan by the Apex bank. The buildings, constructed on about 1.455 hectares of land, includes; Central e-Library space for 500 students with 10nos of offices, 12nos of toilet facilities as well as block of 24 lectures room which has 11nos Administrative offices, furniture, borehole, Generating set, street lights, CCTV camera, air conditioners and additional toilets facilities for male and female students.

The Secretary to the State Government, Mr. Olalekan Alli, ably represented the State Governor, the Pro-Chancellor of TechU, Ibadan, Professor Oladapo Afolabi, Commissioner for Education, Science and Technology, Prof. Adeniyi Olowofela, Commissioner for Finance, Mr. Abimbola Adekanmbi, Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun and other top government functionaries were present to receive the building on behalf of the state government.

During the handover of the buildings, the Secretary to the State Government, Mr. Olalekan Alli assured that the state will embark on additional developments on the two hundred-hectare university, adding that adequate security will be provided around the vicinity of the institution and the state as a whole.

The SSG, who appreciated the CBN for its intervention in TechU, Oyo state
“We appreciate the efforts of the Apex bank to support and develop our education sector. The CBN has showed that education is key to the development of country. We say thank you to the management and the entire staff of the bank for this gesture and assure that the building will be adequately put to use immediately,” he said.

Mr. Alli noted that the State Government is committed to the establishment of TechU as part of its transformation of the education sector in the state , and consequently expressed the firm belief that the first set of students will matriculate in September 2017.

In his closing remarks, the CBN Branch Controller, Lagos Branch, Mr. Omebere Iyari commended the Oyo State Government for the initiative of TechU, Ibadan, saying that the unique institution will revolutionize technical skills development and education in the country.

He further explained that the intervention has showed that CBN is beyond monetary and fiscal policies, stressing that the Apex bank has a lot of intervention in education, agriculture and other sectors of the economy.