Federal Allocation : Ogun 20 LGs Get N3.587Bn,Need Additional N4.05m For Pension, Cooperative, Bank Loan - EDU-BIZNEWS


Friday, January 28, 2022

Federal Allocation : Ogun 20 LGs Get N3.587Bn,Need Additional N4.05m For Pension, Cooperative, Bank Loan

The sum of N3.587billion has been shared among the 20 Local Governments of Ogun State, as their  statutory allocations from the Federation Account  for the month of December, 2022 which is a shortfall of N4.05million required to pay workers' pension, cooperative societies and loan obtained from banks  

The State Commissioner for Local Government and Chieftaincy Affairs, Hon. Afolabi Afuape and his counter part from Finance.Dapo Okubadejo made this known in Abeokuta, at the January, 2022 edition of the Joint Account Allocation Committee (JAAC) meeting 

Afuape directed the LGs Chairmen to look inward on how to improve their Internally Generated Revenue (IGR).

 Afuape explained that the meeting was an avenue to equip them with information regarding the monthly allocations, saying the meeting was an official engagement that requires utmost attention, to improve welfare and infrastructural development at the grassroots.

In his presentation, Commissioner for Finance and Chief Economic Adviser to the Governor, Mr. Dapo Okubadejo, represented by the Director, Inspectorate and Monitoring in the Ministry of Finance, Mr. Kolapo Ilori said a sum of N4,058,660,832.72bn was expected to be paid as first lines charges which include, primary school teachers, Local Government Staff, as well as traditional rulers’ salaries, and other charges, noting that the gross deficit stood at a sum of N470,901,128.69bn, which covers PAYE, contributory pension, five percent bond on pension, cooperative and loans.

In his remarks, the Chairman, Ijebu-Ode Local Government, Hon. Tunde Emiola-Gazal appreciated the government for harmonising payment of the first line charges which had allowed all the councils to meet up with salary payment.

Contributing, the Onimeko of Imeko, and Odofin of Shoyindo, Oba Benjamin Olanite and Oba Lasisi Gisanri, respectively called for formidable and effective distribution of wealth across the Local Government Areas, in order to justify the current distribution formula.


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