Oyo Government Will Not Default In Payment Of Workers’ Salary -Finance Commissioner

 Oyo Government Will Not Default In Payment Of Workers’ Salary -Finance Commissioner

Payment of workers’ salaries remains a priority of the Engr Seyi Makinde led administration in Oyo State, as this will serve as motivational factor for the workers to continue to give their best for the Government.

The State Commissioner for Finance, Mr Akinola Ojo, stated this while featuring on a network programme of the Broadcasting Corporation of Oyo State, BCOS, to highlight the achievements of the administration in the last one year.

He stressed that the aspiration of the present administration in the State is to ensure that Government does not default in the payment of monthly salary on or before every 25th of the month not minding recession or drop in federal allocation to the State.

He reiterated that: “We’re really embarking on sustainable measures that will move the State Internally Generated Revenue to a level that Government will be paying workers’ salaries from it without recourse to the monthly allocation from the Federal Government.”

Highlighting the administration’s achievement in the area of Internally Generated Revenue over the past one year, Mr Ojo disclosed that the state now generates an average of 2.3billion Naira monthly away from the 1.9billion Naira monthly average under the immediate past administration.

Clearing the air on speculations in some quarters that the administration has borrowed forty billion Naira or thereabouts in the last twelve months, the Finance commissioner revealed that the government only collected loans amounting to 32.5billion Naira.
“Engr. Seyi Makinde’s government is expending the loans collected on infrastructures that will not only impart the lives of the people of the state in the immediate but will also enhance the state’s capacity at improving its revenue base” he explained.
mr Ojo further disclosed that the government has been servicing the 141billion Naira left behind by the immediate past administration.

According to him, about 99 billion Naira local debt and over forty billion Naira foreign debt were owed by the State at the expiration of the last administration’s tenure.

Mr Ojo who said that accountability is the watchword of the present Government in Oyo State disclosed that technology is being deployed in the collection of IGR to ensure that money are not going to private pockets.

Lamenting the effects of COVID-19 on income of government, the finance commissioner revealed that the administration will soon represent the 2020 budget with a view to realigning the state’s needs and reflect the reality of the period.
He however assured that government is prepared to spent through any recession with the hope to come out better for it.

Highlighting the administration’s achievement in the area of Internally Generated Revenue over the past one year, Mr Ojo disclosed that the State now generates an average of 2.3 million naira monthly away from the 1.9 billion maira monthly average under the immediate past administration.

Clearing the air on speculations in some quarters that the administration has borrowed forty billion Naira or thereabouts in the last twelve months, the Finance Commissioner revealed that the Government only collected loans amounting to 32.5 billion Naira.

He explained that:”Engr. Seyi Makinde’s Government is expending the loans collected on infrastructures that will not only impart the lives of the people of the State in the immediate, but will also enhance the State’s capacity at improving its revenue base.”

Mr Ojo further disclosed that the Government has been servicing the 141 billion naira left behind by the immediate past administration.

According to him, “about 99 billion Naira local debt and over forty billion Naira foreign debt were owed by the State at the expiration of the last administration’s tenure”.

Mr Ojo who said accountability is the watchword of the present Government in Oyo State, disclosed that technology is being deployed in the collection of IGR to ensure that money are not going to private pockets.

Lamenting the effects of COVID-19 on income of Government, the Finance Commissioner revealed that the administration will soon represent the 2020 budget with a view to realigning the State’s needs and reflect the reality of the period.

He, however, assured that Government is prepared to spend through any recession with the hope to come out better for it.

TINU

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