Ogun state government receives N4billion federal allocation for local government areas

The Ogun State Government has confirmed receipt of N4, 969,099,395.89 from the Federal Government allocation for the month of June for the benefits of the twenty local government areas, and called on council chairmen for judicious use of the allocations.

Penpushing reports that the Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Dr. Rotimiolu Akinlesi made this known at the June 2023 edition of the Joint Account Allocation Committee (JAAC) meeting held at the Conference Hall, Oba’s Complex, Oke-Mosan Abeokuta

The Permanent Secretary, however, called on the chairmen of the local government areas  to see their positions as an opportunity to bring transformation into their respective councils, stating that each of them was holding the position of public trust, with the ability to bring more development at ensuring people’s comforts at all times.

Lush Arena

Penpushing further reports that Akinlesi noted that the government has continued to do its best at ensuring that the state continues to maintain a leading role among the comity of states.

The Permanent Secretary and Accountant General of the State Treasury, Mr. Babatunde Aregbesola  while presenting the summary of the June Federal allocation, explained that a sum of N4,969,099,395.89 came from Statutory Revenue, Value Added Taxes (VAT), Exchange Difference, Electronic Money Transfer Levy (EMTL), Non-Mineral, Forex Equalization, Treasury Crude, Ecological and other mineral resources for the month under review.

Penpushing also reports that he explained that a sum of N4, 444,106,968.83 would be required to pay the first-line charges, which include, Primary School Teachers’ Salary, Local Government Staff Salary, Pensions, and Traditional Councils among others.

The Accountant General added that it excluded Pay As You Earn (PAYE) tax and five percent Bond on Pension amounting to a total of N308, 627,252.85, which are yet to be effected, while N833, 619,679.91 was recorded as net surplus for the month.

FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or   event? Contact us on WhatsApp +2348073463653 or email [email protected]

Related Articles

Leave a Reply

Back to top button