Ogun to supplement LGAs’ May 2022 allocation with over N392m

Ogun State Government will supplement Local Government Allocation from the Federal Government with a sum of N392,498,944.60, to meet up with the first line charges for the month of May, 2022.

Commissioner for Finance and Chief Economic Adviser to the Governor, Mr. Dapo Okubadejo, while presenting the summary of allocation at the May 2022 Joint Accounts Allocation Committee (JAAC) meeting, Oke-Mosan, Abeokuta  said, N3,179,278,635.45 was to be shared among the 20 council areas in the State.

Okubadejo, represented by the Permanent Secretary and Accountant-General for the State, Mr. Babatunde Aregbesola, noted that a total of N4,218,445,057.78, which make up the first line charges is required for the month of May statutory payments that include, the primary school teacher’s salary, payment of retired Local Government Staff salaries and allowances, check-off dues, salaries and allowances for traditional council, among others, saying there is need for additional N392,498,944.60 to balance up the first line charges for the month.

The Commissioner added that N646,667,477.73 from Pay As You Earn (PAYE), Contributory Pension, five percent Bond on Pension, and Cooperative Loans were still pending for payment until the government’s revenue increases.

In his welcome address, the Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Mr. Kolawole Fagbohun enjoined all the Local Government Chairmen to intensify efforts on revenue generation, saying the allocation from the Federal Government was dwindling.

Fagbohun charged them to put in place an internal control mechanism to block revenue leakages, in order to strengthen their councils financially.