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Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 8:26pm On Jun 02, 2015 |
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/ |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by emeuzo(m): 8:29pm On Jun 02, 2015 |
Lol toooo poor if its true!! 1 Like |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Sweetguy25: 8:33pm On Jun 02, 2015 |
Thats about 50 billion naira a year. Thats too paltry and meager. 1 Like |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 8:33pm On Jun 02, 2015 |
Waiting patiently for Front Page.. |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 8:36pm On Jun 02, 2015 |
seriously its obvious expenditure of osun is more than the allocation.......osun seriously need increament in allocation...idunno hw dats goin to b possible 1 Like |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 8:41pm On Jun 02, 2015 |
Kaeboy: Really? From our SS oil money? God punish you! 6 Likes |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by kayzat: 8:51pm On Jun 02, 2015 |
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. 1 Like |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Sweetguy25: 8:53pm On Jun 02, 2015 |
Kaeboy: Allocation from Ifa? |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Ohammadike: 8:55pm On Jun 02, 2015 |
Kaeboy:State of osum cannot survive without oil money rendering it a failed state 3 Likes |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by kayzat: 8:58pm On Jun 02, 2015 |
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. |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 9:16pm On Jun 02, 2015 |
new2020:your fada lap...... |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 9:23pm On Jun 02, 2015 |
Osun economy is bigger than the economy of Southeast. I swallow odourless fufu produced by Nijifoods 3 Likes 1 Share
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Re: Osun Earned N204 Billion In Four Years – Aregbesola by CyberWolf: 9:32pm On Jun 02, 2015 |
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 4 Likes |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Blackfire(m): 9:39pm On Jun 02, 2015 |
The thunder wey go fire u politicians go Russia go buy pump action |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by dunkem21(m): 9:39pm On Jun 02, 2015 |
CyberWolf: LOL @ talking drum .. ..The guy is a clown without initiatives at all .. |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Tolexander: 9:41pm On Jun 02, 2015 |
I smell lies! |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Maxymilliano(m): 10:03pm On Jun 02, 2015 |
Yet the clown of a governor is about creating additional 27 LCDAs in a State that is struggling to be self-sufficient ... |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by Nobody: 10:05pm On Jun 02, 2015 |
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 |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by yinchar(m): 10:33pm On Jun 02, 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.... 1 Like |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by MCMLXXVI(m): 6:59pm On Jun 04, 2015 |
So all the IGR story was a lie? Ishilove and Lalasticlala, please put this on the front page! |
Re: Osun Earned N204 Billion In Four Years – Aregbesola by sosanova: 7:31pm On Jun 04, 2015 |
Aregbeshola n lies what of his earlier claim of Osun state generating the 4th largest internally generated revenue in Nigeria and that Osun Economy was bigger than the entire South East Economy...as GEJ is no longer President the Foolish Aregbeshola is no more saying GEJ is the reason he is not able to pay workers in Osun state..he is formulating more lies and propaganda for his failure as Governor of Osun State.....yet some Indomie head people will come to Nairaland and defend him ....thunder fire Aregbeshola for his lies n propaganda that has led the Economy of Osun state on the brink of Collapse and it's Indigines wallowing in abject poverty.. he should better beg thief-nubu to return all the Osun state money he has been sending to thief-nubu all in the name of dubious contracts |
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