Rauf Aregbesola has revealed that the Osun state government cannot do much about the current predicament of the Ladoke Akintola University of Technology.

The school has been closed indefinitely for months, now, and the Osun state governor revealed that the state didn’t have the funds to solve the solution.

In response to protests on Wednesday and Thursday accusing him of not caring about the students, Aregbesola stated that the government just didn’t have enough money.

He told journalists during a media night out in the Government House, which was part of activities to commemorate his 60th birthday, that “this is not a matter of not having interest in LAUTECH. With the economic realities on ground, I cannot continue with the pattern of funding the school because we are financially incapacitated”.

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He also criticized the school’s management of their inability to keep the school running on their own.

“I am incapable. The funds are not just there. Though I still make contributions and my deputy governor is here to testify that I still sign cheques to make payment every month to LAUTECH. It is small. It is not a matter of interest, but incapacity. The failure of the management to live within its means is another issue”.

“We stop giving financial support to Osun State University (UNIOSUN), an institution with about 12,000 student population about three years ago and the university is still running on its own till today. The population of LAUTECH is about 33,000 and the difference between the tuition fees being paid by LAUTECH and UNIOSUN is not much,”

However, he disclosed that a private audit firm had been commissioned by both Oyo and Osun, co-owners of the University, to carry out a total audit of the institution’s management and finances.