Chairman of the institution’s Governing Council Oyeniyi Akande made this known yesterday during the council’s visit to the management.
Akande said the fund was for tarring major roads leading into the institution; reconstruction of culverts and drains in the college; purchasing buses for students and workers, an ambulance for the college clinic and official vehicles for principal officers.
He said the council would supervise the projects.
Akande said the Governor Rauf Aregbesola administration was determined to improve the quality of teachers’.
He also said: “To improve the standard of education, the council has introduced and made the study of Yoruba and entrepreneurial studies compulsory.”