February 28, 2024

Ogun State LGAs Receive N4.9bn Allocation for June

Ogun State LGAs Receive N4.9bn Allocation for June

Ogun State LGAs Receive N4.9bn Allocation for June

 

By: Ase

 

The 20 Local Government Areas (LGAs) of Ogun State have received a total of N4,969,099,395.89 from the Federal Government allocation for the month of June. The Permanent Secretary, Ogun State Ministry of Local Government and Chieftaincy Affairs, Dr. Rotimiolu Akinlesi, has called on the Chairmen of the LGAs to see their positions as an opportunity to bring transformation into their respective councils.

Speaking at the June 2023 edition of the Joint Account Allocation Committee (JAAC) meeting held at the Conference Hall, Oba’s Complex, Oke-Mosan Abeokuta, Dr. Akinlesi emphasized the importance of the Chairmen’s roles as public trust holders. He urged them to leverage their positions to bring about more development and ensure people’s comfort at all times.

Presenting the summary of the June Federal allocation, the Permanent Secretary and Accountant General of the State Treasury, Mr. Babatunde Aregbesola, revealed that the N4,969,099,395.89 allocation came from Statutory Revenue, Value Added Taxes (VAT), Exchange Difference, Electronic Money Transfer Levy (EMTL), Non-Mineral, Forex Equalization, Treasury Crude, Ecological, and other mineral resources. He further explained that a sum of N4,444,106,968.83 would be required to pay the first-line charges, which include Primary School Teachers’ Salary, Local Government Staff Salary, and Pension and Gratuity.

The allocation is expected to boost development in the LGAs and improve the standard of living of the people in Ogun State.

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