• News - South West - Osun
  • Updated: December 01, 2022

Osun Government Reveals State Indebted To Tune Of N76 Billion

The Osun State Government has announced that it has uncovered a monumental debt in salaries, pensions, and insurance commitments incurred by the administration of Adegboyega Oyetola amounting to N76 billion.

The revelation according to a statement by Olawale Rasheed, the spokesperson of the state governor, was made by the Permanent Secretary, Ministry of Finance, Bimpe Ogunlumade, while briefing officials of the new administration on the financial status of the state on Thursday. 

The disclosure is contrary to the claim by the former Governor that he left N14 billion in cash for the new government.

The breakdown of the salaries and pension-related liabilities as disclosed by the Permanent Secretary are as follows:

(I) Salary: N29,875,191,128.64

(II) Pension Arrears: N45,375,237,693.40

(III) Group Life Assurance Scheme: N554,644,028.97

Total: N75,805,072,851.01

The government advised the public that it is not the total debt left by the past administration as briefings on other sources of liabilities continue.

Also, the state governor, Ademola Adeleke, has ordered the submission of the November salary schedule for Osun State civil servants within 24 hours.

The governor also frowned at the delay in payment of November salary.

Issuing the directive after taking briefing from the State Ministry of Finance, Governor Adeleke instructed the Desk Officer to ensure complete submission by outstanding agencies. 

Top officials of the ministry had attributed the delay in salary payment to the failure of some agencies to submit their salary schedule on time. 

Governor Adeleke consequently directed immediate conclusion of the processes, affirming that his administration is averse to inconveniences the delay has forced on the state workforce. 

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Francis Ezediuno
Francis Ezediuno

Francis Ezediuno is a journalist who is self thought on application of social media in news gatherin...

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