Ogun Govt Augments With Over N392m For May Allocation, As 20 LGAs Get N3.17b - EDU-BIZNEWS


Tuesday, May 31, 2022

Ogun Govt Augments With Over N392m For May Allocation, As 20 LGAs Get N3.17b


Ogun State Government has revealed that a sum of N392,498,944.60 would be used to augment for the shortfall of the monthly allocation from the Federation Account to the 20 
Local Government Areas in the state  , to enable them meet up with the first line charges for the month of May, 2022.

 The State Commissioner for Finance and Chief Economic Adviser to the Governor, Mr. Dapo Okubadejo, while presenting the summary of the allocation, disclosed that N3,179,278,635.45 was to be shared among the 20 council areas in the State.

Okubadejo, represented by the Permanent Secretary and Accountant-General for the State, Mr. Babatunde Aregbesola, noted that a total of N4,218,445,057.78, which make up the first line charges is required for the month of May statutory payments that include, the primary school teacher’s salary, payment of retired Local Government Staff salaries and allowances, check-off dues, salaries and allowances for traditional council, among others, saying there is need for additional N392,498,944.60 to balance up the first line charges for the month.

The Commissioner added that N646,667,477.73 from Pay As You Earn (PAYE), Contributory Pension, five percent Bond on Pension, and Cooperative Loans were still pending for payment until the government’s revenue increases.

 Also speaking, the Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Mr. Kolawole Fagbohun enjoined all the Local Government Chairmen to intensify efforts on revenue generation, saying the allocation from the Federal Government was dwindling.

Fagbohun charged them to put in place internal control mechanism to block revenue leakages, in order to strengthen their councils financially.


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