Oyo is technically bankrupt, says Makinde

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*calls for translation of research to impact

“When I came in, we were looking for ways to keep the government running because technically the government of Oyo state is bankrupt. If I take it as a private entity, I won’t lend a dime to the government of Oyo state. I will ask them to start winding up proceedings. So, we have been looking for ways to keep the government running. We have been beaming our searchlight on areas we can get money.

“The Bureau of Internal Revenue came to me and said they had issue of PAYE (Pay As You Earn) with the University of Ibadan. And at the governor’s forum, I saw a document where a lot of the states got a huge refund from PAYE due to the federal institutions located in such states. I believe Ogun state got about N8billion; another state in the South West got N10 billion; and Oyo state got only about N91million. Then, I wondered what was going on here. They told me that it was work in progress and that they had been talking and did not have cooperation from the University of Ibadan.

“I can give you the assurance that this is something for the federal government to refund to us. All we need to do is open the books and see what has gone on and have an agreement. I told the Chairman of BIR that himself and myself will come and meet with the University of Ibadan to get the money. We will utilize such money immediately to do things that will lift our environment.”

While speaking earlier, the Pro-chancellor and Chairman of Council, Waklek Mutka assures the institution will cooperate with the state government in the area of research, expressing the appreciation of the university for the “donation of N25million towards the rehabilitation of our facilities that were destroyed by the rainstorm of Saturday, March 9, 2019, even as a Governor-Elect.

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“Your magnanimity is unprecedented and we believe that the University will continue to enjoy the full support of the government. It is hoped that your administration will ensure that we have an environment that will guarantee peace and stability.

“We would cooperate with the state government in the area of research. Very soon the university will involve the government to work out the possibilities and the details.”

 by Yinka Adeniran, Ibadan

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