Osun State Governor, Mr. Rauf Aregbesola, said
on Tuesday that the state earned N204 billion
from the federal allocation, internally generated
revenues and other accruals from Abuja from
2010 to 2014.
The governor gave this explanation in his speech
when he inaugurated the sixth assembly in the
state.
Aregbesola spoke just as Mr. Najeem Salaam
was returned as the speaker of the House of
Assembly for the second term.
The governor, who was obviously reacting to the
allegations of financial recklessness leveled
against his administration by the Social
Democratic Party in the state, denied exposing
the state to financial crisis.
While promising that things would soon be
better, the governor traced the genesis of the
financial crisis in the state to 2012 when
salaries increased drastically as a result of hike
in wages.
Aregbesola said, “the summary of five years
reveal that in the two months of 2010, we
received a net allocation of N4.2 billion and paid
a total emoluments of N3.6 billion. This left us
with a net gain of N573 million from our
statutory allocation.
“In 2011 also, we got N29.9 billion allocation
and spent N25.8 billion on emoluments with a
net gain of N4 billion. However, in 2012, we got
N28.4 billion and expended N31.6 billion on
emoluments.
“This left us, for the first time, with a deficit of
N3.2 billion. The following year, 2013, our
statutory allocation had dropped to N26.4 billion
while our emoluments rose to N36.9 billion.
“This gave us a whopping N10.4 billion deficit. In
2014, our statutory allocation fell further to
N19.3 billion and by which time we were already
defaulting on some of our obligations on
emoluments, which had also dropped to N22.4
billion, but still left us with a deficit of N3 billion.
“In summary, between November 2010 and
December 2014, we got a total statutory
allocation of N108.3 billion and our expenditure
on emoluments was N120.4 billion. It left us
with a total deficit of N12 billion,” he said.
He also added that, “Aside from expenditure on
salaries, if other emoluments are to be included,
the total recurrent expenditure will be N206
billion and statutory allocation N108.3 billion.
With other accruals from Abuja, it will add up to
N176.5 billion, leaving the state with a deficit of
almost N30 billion.”
“Even when we add our internally generated
revenue, we were still only able to muster N204
billion and still short by N2 billion. It simply
means that all our earning from all sources
between 2010 and 2014 could not carry our
recurrent expenditure.”
The Speaker appealed to workers, who have
been on strike for a week, to end their industrial
action in the interest of the state.
Salaam said the state government had been
working hard to ensure that the six month
salaries were paid.
http://www.punchng.com/news/osun-earned-n204-billion-in-four-years-aregbesola/

Lol toooo poor if its true!!

Thats about 50 billion naira a year.

Thats too paltry and meager.

Waiting patiently for Front Page..

seriously its obvious expenditure of osun is more than the allocation.......osun seriously need increament in allocation...idunno hw dats goin to b possible

Kaeboy:
seriously its obvious expenditure of osun is more than the allocation.......osun seriously need increament in allocation...idunno hw dats goin to b possible

Really? From our SS oil money? God punish you!

Aregbesola should immediately put in machinery in motion to reduce this overhead expenses and it should start with him. He must do everything possible to arrest the situation and no more employment in that state for now.

Kaeboy:
seriously its obvious expenditure of osun is more than the allocation.......osun seriously need increament in allocation...idunno hw dats goin to b possible

Allocation from Ifa?

Kaeboy:
seriously its obvious expenditure of osun is more than the allocation.......osun seriously need increament in allocation...idunno hw dats goin to b possible

State of osum cannot survive without oil money rendering it a failed state

And btw, what happens to all the allocations they have been receiving since January? Atleast they should be paying some of this backlog of salaries little by little till they will be able to find a lasting solution.





Ogbeni should stop falling our hands jare.

new2020:

Really? From our SS oil money? God punish you!

your fada lap......

Osun economy is bigger than the economy of Southeast.







I swallow odourless fufu produced by Nijifoods

Don't they have solid minerals in the state? ...The loans he looted should've been used in used in building factories where this solid minerals can be turned into finished products thus, yields more revenue to the state. Instead,he collected loan,used some to build a talking drum and looted the rest...Useless criminal

The thunder wey go fire u politicians go Russia go buy pump action

CyberWolf:
Don't they have solid minerals in the state? ...The loans he looted should've been used in used in building factories where this solid minerals can be turned into finished products thus, yields more revenue to the state. Instead,he collected loan,used some and build a talking drum and looted the rest...Useless criminal

LOL @ talking drum ..

..The guy is a clown without initiatives at all ..

I smell lies!

Yet the clown of a governor is about creating additional 27 LCDAs in a State that is struggling to be self-sufficient ...

I believe you jare...
Imagine less than 5bn Naira a month
Money that they used to steal weekly in Abuja between 2010 - May 28, 2015

Too small honestly, one of the poorest state in the country, I think that's what Akaw-Ibom alone earns per month, and some TANiods will come here spewing rubbish that Akpabio is the best governor in Nigeria, give Aregberascal that money, and you see him do wonders....

So all the IGR story was a lie?
Ishilove and Lalasticlala, please put this on the front page!