By Dayo Johnson
AKUREâ€”ONDO State government has signed a Memorandum of Understanding, MoU, with a United States of America based Infrastructure developer to build 18 â€œfuturisticâ€ model science secondary schools worth N10.8billion across the 18 local government areas of the state. The developer, Lema International Company is to execute the projects.
The Information Commissioner, Ranti Akerele and the Attorney General and Commissioner for Justice, Mr. Eyitayo Jegede, SAN, stated this yesterday while briefing newsmen on the outcome of the Executive Council meeting in Akure.
Akerele said the schools would be constructed simultaneously in 24 months and that each of them will cost about N600 million.
According to him, â€œthe US based company would bear 65 per cent of the cost of the project, while the state would provide the balance of 35 per cent to finance the projects.
He added that the 65 per cent however, would be repaid to the company in seven years with an interest rate of 5 per cent.
The commissioner pointed out that the idea of the school was basically to bridge the gap between the children of the rich and those of the poor in the state, as the model science schools would be attended by children of the poor.
According to him, â€œThe idea is to give opportunities to the children of the poor; government is bridging the gap by establishing state-of-the-art schools that can aid the educational development of the state”.