Oyo Govt. To Rename Two State-Owned Tertiary Institutions
Plans Increase in mining development shares to #100M from #10M
The Oyo Sate Government has revealed that the Oyo State College of Nursing and Midwifery and the Oke Ogun Polytechnic, Saki are to be renamed .
The Oke Ogun Polytechnic , Saki is said to be renamed Micheal Adeniyi Koleoso Polytechnic, Saki .
According to the Commissioner for Justice, Abiodun Aikomo the decision forms part of resolutions at the State Executive Council meeting held on Tuesday 28th May, 2024.
Aikomo said the necessary legislative requirement to effect the name change has been transmitted to the state Assembly.
Speaking during a briefing, the Commissioner said while the request for the renaming of the College of Nursing and Midwifery was made by the regulatory body, the need to rename the Saki based Polytechnic was to honour a former Secretary to the State Government, Chief Micheal Adeniyi Koleoso.
Aikomo said: “Council considers the renaming of the Oyo State College of Nursing and Midwifery. This was necessitated by the request of the Nursing and Midwifery Council that the name of the institution be changed. It was considered and approved.
“Council considered the renaming of the Oke Ogun Polytechnic, Saki to be renamed Micheal Adeniyi Koleoso Polytechnic, Saki. Chief Adeniyi Koleoso had served Oyo State in various capacities, and he has contributed immensely to the development of Oyo State and Oke Ogun in particular.
“There’s a shift from what we used to know. People are immortalized when they are long gone but Governor Seyi Makinde considered it necessary and fit to appreciate people while they are still alive, when they can appreciate and reap the fruit of their labour.
So, this was considered and council approved the name change for onward transmission to the Hosue of Assembly for passage to law. The same thing will happen to the Nursing and Midwifery College to be renamed because these institutions were set up by the law, amendments will also be considered by the Assembly.”
Similarly , the commissioner hinted that government has considered and approved a reorganizing of the state-owned Mining Development Company with a plan to increase its shareholding from N10 million to N100million .
He explained that the government recognizes the opportunity that abounds in the sector, hence , the need to invest in the sector for better efficiency.
“Before now, the N10million shares were owned by persons on behalf of Oyo State. But, going forward, substantial, super majority shares will be held by OYSIPA which is the investment arm of Oyo State. OYSIPA will be holding 99 percent shares and the Managing Director of the company will be holding one percent share, just nominally to satisfy the requirements of the law”
“We hope that when the government pays for the share of the company, the government is able to inject the necessary capital in the company and the company can compete with other stakeholders in the business so that more revenue can come to the state,” Aikomo added