From all indications, the Osun state government will be unable to pay the March salaries of its workers, as the state only got N6.23 million in federal allocation for the month.
This is far below the N56 million it received in September 2015. Rauf Aregbesola, governor of the state, has said the sum will not even be enough to pay electricity bills for the state secretariat.
“Money coming from the Federation Account has dipped seriously and our hope for survival is in our hands; what our forefathers lived on was agriculture,” Aregbesola said back in September 2015.
“For September, our state got N55.8 million. The money we received cannot pay for the power supply by Ibadan Electricity Distribution Company (IBEDC) that we use at the state Secretariat monthly.”
According to the accountant-general of the federation, the state got a gross statutory allocation of N1.677 billion for February, slightly above the allocation for Ekiti, Ebonyi, Kwara and Bayelsa.
Osun also got N19.418 million and N726.1 million from the exchange rate gain and value added tax, resulting in a total gross amount of N2.423 billion for the month.
The total allocation for Osun was seen to be higher than Nasarawa, Kwara, Gombe, Ekiti and Ebonyi.
However, with the removal of the N70.989 million, N945.881 million and N1.400 billion in external debt, Irrevocable Standing Payment Order (ISPO), and other debts, the state was left with a net allocation of N6.23 million.
With a wage bill of over N2.6 billion, the net allocation of N6.23 million would do next to nothing in the southwestern state with meagre internally generated revenue (IGR).
Every other state of the federation had a minimum net allocation of N1 billion.
Bayelsa, Ebonyi, Ekiti, Kwara, Gombe, Nasarawa, had a net allocation of N2.984 billion, N2.167 billion, N1.377 billion, N1.815 billion, N2.300 billion, N2.169 billion respectively.
With a wage bill of N2.6 billion, Ekiti, like Osun, led by Ayodele Fayose, may also have problems meeting its wage obligations.
On the high end, Akwa Ibom, Delta, Lagos and Rivers state got N8.557 billion, N6.062 billion, N6.612 billion and N5.427 billion respectively.
Source: TheCable
Mr Chigozie, from Ogbaku, in Mbaitolu local government area of IMO state, has emerged as the best graduating student of IMO state university in the 7th convocation of the state university which was held today.
Mr Chigozie, who studied optometry, graduated with CGP of 4.71 to emerge as the overall graduate of the university
It was indeed an unlimited blessings for Mr Chigozie as he left the venue very fulfilled by becoming the newest millionaire in IMO state.
Aside from the state Governor Owelle Okorocha, who gave a total sum of 1 million naira to Mr Chigozie, with automatic employment as a lecturer to the university and awarding him scholarship for his master’s abroad, other IMO sons equally identified with Mr Chigozie such as Deacon Chike Okafor and Hon Uche Nwosu.
The due of Hon. Deacon Chike Okafor, the member representing Okigwe South Federal constituency and the Chief of staff government house Owerri, Hon. Uche Nwosu, blessed Chigozie with the total sum of five hundred thousand naira each(500,000) as an IMO star.
He was also inducted and decorated as a member of Imsu alumni on the course of the programme.
The pro Chancellor of the institution, Chief Innocent pledged to donate a brand new car to Mr Chigozie from his company, innoson group of company.
Hon. Mathew Omegara equally gave a total sum of 50,000 for fueling of his brand new car.
Glo Ambassadors,BasketmouthandOdunlade Adekolashared a rare photo on Instagram today.
Looks like they are fans of each other.
Here are some of the Toughest courses that can make student cry in Nigerian Universities.
Checkout them out below and drop your comments.
The actress announced yesterday that she was looking for a PA and today she revealed that over 1,000 applied.
Nigerian female football star, Asisat Oshola has joined Arsenal ladies. She's moved from Liverpool which she joined in 2015. Arsenal club manager, Pedro MartÃnez, while commenting on her transfer said
"The Nigerian has been a subject of transfer to the Gunners having impressed in the English Women topflight where she scored three goals in 12 appearances for the Reds.
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