The management of the Rufus Giwa Polytechnic Owo, RUGIPO, has announced its decision to privatise the institution’s staff school for effective and profitable management.
This was contained in a Press statement issued by the school management and signed by the Acting Rector, Mr. Gani Ogundahunsi.
According to him, some Staff of the school would be absorbed int the RUGIPO’s main Staff roll, while the prospective investors and the state ministry of education would be persuaded to take the remaining.
The statement reads: “The staff school of Rufus Giwa Polytechnic will be privatized and investors are being invited to take advantage of the business opportunity.
“As at now the cost of running the school is N74,000,000.00 (Seventy Four Million Naira)in one year whereas the total income from the school every year is N4,000,000.00 (Four Million Naira ONLY ): This is not sustainable.
“The Governing Council have therefore decided to privatize the school:
“All the employees employed directly by the Polytechnic will return to the polytechnic Employment while efforts are being made to persuade the investors and the ministry of education to absorb other categories of employees but no person will lose his or her employment as a result of these changes in the corporate structure.
“We solicit for the support of all our employees and the good people of Ondo State to enable us to carry out
D Executive order of Mr Governor to the Governing Council.
“To Retool, Reconstruct & Reposition Ondo State Polytechnic, Owo (RUGIPO) and make it a leading research institute committed to improving the human condition through advanced science and technology.
“We solicit your support during the slight changes that are going on at the Polytechinic”.