Uncertainties in Osun as FG deducts N2.01bn from the state’s allocation

Uncertainties have beclouded the political atmosphere in Osun State as Federal Government made a deduction the sum of N2.01bn from the last allocation accruing to the state to service external debt and other contractual obligations.

According to a report from the Federation Account Allocation Committee, which was prepared by the Office of the Accountant-General of the Federation, the aggregate deductions from all states for the month of September was N35.51bn.

The report added that the deduction from Lagos State sits on the summit with N3.23bn while Osun State comes second with a deduction of N2.01bn.

Daily Post reports that this is against this backdrop that the Chairman, Commissioners of Finance Forum of the Federation Account Allocation Committee, Mr David Olofu, in an interview with newsmen in Abuja, called for concerted efforts by all critical stakeholders to work towards boosting the revenue base of the nation.

Olofu specifically implored revenue generating agencies in the country to do more in opening more frontiers for generating revenues into the federation account, as the Minister of State, Budget and National Planning, Mr. Clem Agba challenged Commissioners of Budget and Economic Planning in all the states to be innovative and proactive.

Agba, who gave the charge recently at the meeting of the forum of Commissioners of Budget and Economic Planning, emphasized the urgent need for them to devise alternatives means of generating revenues for their states to complement allocations from the Federation account and for the purpose of appreciable economic development.

However, all efforts to get reactions from the duo of Commissioner for Finance in Osun , Prince Bola Oyebamiji, as well as his counterpart from the Ministry of Budget and Economic Planning, Professor Olalekan Yinusa, proved abortive, as the two individuals refused to answer several phone calls put through to them by our Correspondent, neither did they respond to text messages. (Daily Post)

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About Jare Tiamiyu

A political and sport analyst, public speaker, writer, printer and online personnel. A development advocate with greater interest in SDGs goal 4 and 16.
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