The Ogun State 20 Local Government Areas have received N4,969, 099,395.89 as federal allocation for the month of June.
The Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Dr. Rotimiolu Akinlesi, disclosed this during the Joint Account Allocation Committee (JAAC) meeting at the Conference Hall, Oba’s Complex, Oke-Mosan Abeokuta yesterday.
Dr. Akinlesi urged the local government chairmen to strive towards bringing more development to their people, reminding them that they were holding the position of public trust.
He noted that the government has continued to do its best at ensuring that the State continues to maintain a leading role among the comity of States.
Presenting the summary of the June Federal allocation, the Permanent Secretary and Accountant General of the State Treasury, Mr. Babatunde Aregbesola said the sum of N4,969,099,395.89 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 for the month under review.
Aregbesola explained that the 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, Pensions, Traditional Councils among others, adding that it excluded Pay As You Earn (PAYE) tax and five percent Bond on Pension amounting to a total of N308,627,252.85, which are yet to be effected, while N833,619,679.91 was recorded as net surplus for the month.
