News

N7.9bn: Oyo govt. to spend 60% of Paris club refund on salaries, salary related

OYO State Government has said that 60% of the latest Paris Club Refund of N7.9bn will be expended on salaries, wages and pensions of workers in the state, adding  that its decision to use 100% of its federal allocations for workers’ welfare still stands.
Also, the government has  explained that about 80% of its much touted debt profile of N115bn by political opponents is made up of salaries, gratuities, pensions and wages owed workers and pensioners in the state, stressing that it also include gratuities and pensions predating Governor Ajimobi’s administration.
Mr. Abimbola Adekanmbi, who is the State Commissioner for Finance and Budget gave  these hints while featuring on a live Programme on a private radio station in Ibadan at the weekend, disclosing that the remaining 20% is largely composed of financial support from the federal government such as budget support and infrastructural loan.
The commissioner boasted that  the present administration in the state  is very committed to the welfare of the entire people which necessitated its decision to deplore 60% of the first disbursement of the first tranche of Paris Club Refund for workers welfare which is more than the 50% suggested by President Muhammadu Buhari.
According to Adekanmbi, “We will all recall that President Buhari has told state governments to use at least 50% of the refund for workers’ wages, salaries and allowances. We are doing more than the 50% in Oyo State. When we collected the first tranche of N7.2bn, we used 60 % for workers’ salaries and wages. We also collected a part two of the inflow of the sum of N5.003bn and committed 100% to salaries and salary related payments of workers in the state.
“We have paid two months salaries three times consecutively and the governor has not relented in his efforts to clear all the outstanding wages. We will all remember that Oyo State was initially excluded from the refund, but the governor’s tenacity and strong will ensured that we also got our share.
“It amazes me when people throw figures in the air without proper explanation or understanding. It is very disappointing when people who claim to be knowledgeable bandy figures for mischief with malicious intent for cheap political gain. Our books are available for all to see and the leadership of the workers’ unions meet with us regularly. We devote 100% of our federal allocations to workers’ salaries and salary related and we did not borrow all the N115bn debt.
“About 80% of it is an accumulation of outstanding salaries, pensions, gratuities including those from previous administrations. We will do all within our capacity to always set the record straight and put things in proper perspective with a view to enlightening the public,” he submitted.
admin

Recent Posts

Ford Trims Workforce: 4,000 Jobs to Go in Europe

US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in…

2 days ago

Tinubu Dissolves UNIZIK Council, Sacks VC, Registrar, Otukpo Pro-Chancellor

  President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe…

2 days ago

Ekiti Workers to Earn N70,000 Minimum Wage as Govt Signs MoU with Unions

  The Ekiti State Government has reached an agreement with labour leaders in the state,…

2 days ago

N610bn Constituency Projects Under ICPC Scrutiny in 21 States, FCT

  The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has initiated the seventh…

2 days ago

Iraq Undertakes Historic Census After 40-Year Gap

Iraq is holding its first nationwide census in nearly four decades this week, a long-awaited…

2 days ago

Relief as Rep ‘Lafi’ Empowers 300 Constituents Through Skill Acquisition Programme

  Over 300 constituents of Akinyele/Lagelu Federal Constituency in Oyo State benefitted from a skill…

3 days ago