It would be recalled that the late Governor was the pioneer Rector of the foremost polytechnic.
Governor Makinde made the announcement in his brief remarks at the interdenominational commendation service for the late former governor held at the Obafemi Awolowo stadium, Ibadan.
According to Governor Makinde, institution will now be known as Omololu Olunloyo Polytechnic, Ibadan.
Makinde described the late respected mathematician and political administrator as a technocrat and a man with deep sense of culture.
In his sermon, a former Archbishop of the Anglican Church of Nigeria, Bishop Ayo Ladigbolu while crediting the emulating characters in late Dr. Omololu Olunloyo, called political leaders to use their respective offices to use their respective offices to affect the society for its due peace and progress.
Present included deputy governor of Oyo State, Barrister Adebayo Lawal, the Chief of staff, state legislators, families of the late icon, among others.