According to Mr Seyi, his administration is still looking at ways to salvage the situation and run the government.
The governor who made the revelation while playing host to the members of the Governing Council of the University of Ibadan who were in his office on a courtesy call revealed that the state is presently indebted to the tune of at least N150billion.
He also said the situation is so critical that, if the state was to be a private entity, he won’t lend a dime to the state government but would advise them to start winding up proceedings.
Noting that UI is an important member of the community, the governor said his government will collaborate with the institution especially in the areas of Public-Private Partnership which will endear a kind of synergy between academia and the government.
He appealed to the visitors to ensure that many of the research outcomes on the university shelves are brought out to the government to be utilized to better the lives of the people.
Makinde said “The University is a very important member of this community. We will like to collaborate with the university especially in the area of Public-Private Partnership (PPP) and for us, there should be a serious synergy between the academia and the government because the majority of the very good research outcomes stay on the shelf in the university.
“We want those to come out for us to work together to utilize those research outcomes to better the lives of our people. The government of Oyo state is keen and ready for such a partnership.