Ogun councils receive N3.82b allocation for June
03 July 2022 |
3:35 am
About N3.8b, which included shares of statutory allocation, Value Added Tax (VAT) and exchange gain from the federal allocation, has been shared among the 20 local councils in Ogun State...
About N3.8b, which included shares of statutory allocation, Value Added Tax (VAT) and exchange gain from the federal allocation, has been shared among the 20 local councils in Ogun State for the month of June.
In his presentation, during the June edition of the Joint Account Allocation Committee meeting in Abeokuta, the Commissioner for Finance and the Chief Economic Adviser, Mr. Dapo Okubadejo, however, stated that about N4.28b were needed to pay up the first line charges, which included primary school teachers’ salary, councils staff’ salary, pensions, traditional council and other charges.
Represented by the Accountant-General and Permanent Secretary, Ministry of Finance, Mr. Babatunde Aregbesola, Okubadejo said the state government will need to support the councils with N461.5m to balance the payment of the firstline charges for the month.
He noted that the sum of N646.5m, which covers PAYE, contributory pension, five per cent bond on pension and cooperative and loans would still be pending until the councils’ finance improve.
Okubadejo assured that the present situation of the state would not affect payment of allocation to appropriate quarters, saying that the moment the FAAC funds hits JAAC account, payments would be made accordingly.
The Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Mr. Kolawole Fagbohun, enjoined stakeholders to continue to work assiduously towards enhancing their Internally Generated Revenue (IGR).
At the meeting were stakeholders that included members of the Ogun State Traditional Council; Chairman, Association of Retired Primary School Teachers; representative of Bureau of Local Council Pension and Chairman and Local Council Pensioners.
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