Oyo State Government has announced 50 per cent reduction in the salaries of political office holders, their compensation, approval limits and government’s spending with immediate effect.
Alhaji Olalekan Alli, the Secretary to the State Government (SSG), disclosed this at a news conference held in Ibadan on Monday.
Alli said the decision was taken at the State Executive Council meeting held on Friday, November 4.
He said it was a measure to shore up the dwindling revenue base of the state.
The SSG said the state had been spending its monthly allocation from the federation account on payment of workers’ salary, which he said, stood at N5.2 billion.
Mr. Alli said that government had not reneged on its subsisting agreement with the labour unions to pay them 100 per cent of the monthly federal allocation to the state.
“The resources of government in the state dwindled as a result of the economic downturn.
“In July, the state’s monthly allocation was N4 billion, N3.8 billion in Aug., N3.5 billion in Sept. and N2.8 billion in Oct.
“This is why we are slashing the salaries of all political office holders,’’ he said.
He said the Internally Generated Revenue (IGR) of the state was still between N1 billion to N1.5 billion.
The state government had employed the restructuring and verification exercise in the state as a means of blocking the several loopholes that allowed for waste of resources.
He said the ongoing Biometric Verification Number (BVN) exercise in the state had revealed some ghost workers drawing multiple salaries.
“We have discovered 500 people who did not come for the verification exercise to unravel their true identity,’’ he said.
Mr. Alli said the state’s agriculture initiative continued with a target of 2 million in terms of job and food security.
He said that work had reached advance stage on the 10, 000 metric tons silos being constructed in the three senatorial districts of the state.
Get A Reliable POS For Your Business
- UNIOSUN: The Rantings Of An Infant Alumni Executive By Blessing Olowolafe
- Outrage As FG Links Igboho With Boko Haram
- Just In: Gunmen Attack Abolongo Correctional Facility In Oyo, Set Prisoners Free
- TOP Demands Apology From Oyetola, Police Over Reputational Damage Suffered On Dismissed Case
- Federal Lawmaker, Ayeni Empowers Constituents In Osun (Photos)
News5 days ago
Apologize To The Founding Fathers Of UNIOSUN Now, Ex-Students Tell Outgoing VC
News3 days ago
Open Disrespect To Oluwo: Iwo Chief Blasts K1, Calls For Withdrawal Of His Traditional Title
News4 days ago
‘Somebody’s Son Can Not Find You With That Video’ – Nigerians Mock Tiwa Savage Over Leaked Sex Tape
News4 days ago
FBI, South Africa Arrest Nigerian Scammers In Cape Town, Founder Of Black Axe Nabbed