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Nairaland Forum / Nairaland / General / Politics / Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund (523 Views)
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Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by Nobody: 3:15pm On Dec 02, 2015 |
By Gbenga Olarinoye OSOGBO—Following dwindling resources from the federation account to Osun State, Governor Rauf Aregbesola has sought the approval of the state House of Assembly to withdraw N1.25 billion from the Omoluabi Conservation Fund to assist government in the provision of infrastructure in the state. He sought the approval through a letter to the Assembly, dated November 27, 2015, which was read by the Speaker, Honourable Najeem Salaam, at the plenary, yesterday. Omoluabi Conservation Fund Law 2012, sponsored by the executive, was passed by the Assembly as a way of bailing the state out of emergency whenever such occured. According to the Speaker, the letter read: “The law stipulates that an amount not exceeding 50 per cent of the outstanding balance in the fund can be withdrawn upon the approval of the Assembly to address such emergency. “You are quite aware that for some months now, the state government has been having serious financial challenges which have been preventing it from meeting some of its basic functions. “This development is largely attributable to the national economic downturn aggravated by the continuous decline in revenue accrueable to the state from the Federation Account in the last two years. “The insufficient fund has made it difficult for government to meet the basic needs of the people, especially the provision of infrastructure to enhance physical development of the state which is certainly an emergency that is not palatable. “It is against this background that I seek the approval of the Honourable House of Assembly to withdraw the sum of N1.25 billion being 50 per cent of the N2.5 billion in the Osun Omoluabi Conservation Fund to continue reading at http://www.vanguardngr.com/2015/12/aregbesola-seeks-approval-to-withdraw-n1-25-bn-from-osun-fund/ |
Re: Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by Nobody: 3:20pm On Dec 02, 2015 |
Osun people don enter one-chance |
Re: Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by Nobody: 3:21pm On Dec 02, 2015 |
The governor should just sell the state once and for all. |
Re: Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by Vicboi1(m): 3:28pm On Dec 02, 2015 |
There should not allow him because that criminal wants to milk osun dry finally |
Re: Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by Mynd44: 3:37pm On Dec 02, 2015 |
So he saved 2.5 billion… .interesting |
Re: Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by tafabaloo(m): 3:49pm On Dec 02, 2015 |
Kkkk |
Re: Governor Aregbesola Seeks Approval To Withdraw N1.25 Bn From Osun Fund by Drniyi4u(m): 3:53pm On Dec 02, 2015 |
Endtime Governor receiving #50 million allocation |
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