Echotitbits – Nigeria News

Tag: Revenue

  • IGR: We earned over N81.4 billion in 2019 – says Ogun Government

    IGR: We earned over N81.4 billion in 2019 – says Ogun Government

    The Ogun State government has reacted to some media reports that erroneously claimed the state generated merely Seventy billion, nine hundred and twenty two million, five hundred and ninety thousand, four hundred and ninety five naira, eighty nine kobo (N70,922,590,495.89) as internally generated revenue for year 2019 In their review of Internally Generated Revenues record of the 36 States of the Federation.

    A statement by the Information Officer, Ministry of Finance, Segun Craig, Friday said “from the audited account of the state for 2019, which was published in some national newspapers, the actual figure of Ogun State Internally Generated Revenue stands at N81,420,131,107.30 (Eighty one Billion, four hundred and twenty million, one hundred and thirty one thousand, one hundred and seven naira, thirty kobo only)”.

    Craig noted that whatever figure that is being quoted differently from the official number by the State Ministry of Finance should be disregarded.

    READ ALSO: President Buhari requests house approval for fresh N5.513 billion

    In his words of caution, Craig advised all stakeholders, including the general public to stay guided by on information pertaining to he state so as not to be misled.

    “The State Government, through the office of the Hon. Commissioner of Finance and Chief Economic Adviser to the Governor hereby deems it highly expedient to advise all relevant stakeholders in the financial sector and beyond, and to also call on the reading public to be properly guided” he added.

  • Ekiti: Governor Fayemi takes pay cut, all political appointees included 

    Ekiti: Governor Fayemi takes pay cut, all political appointees included 

    Salaries of political appointees in Ekiti State have been slashed by 50 percent as directed by Governor Kayode Fayemi.

    The Governor’s directive was Confirmed this Tuesday by the state’s Commissioner for Information and Values Orientation, Muyiwa Olumilua, who disclosed that the 50 per cent slash on salaries is binding on the Governor, the Deputy Governor, commissioners and all political appointees.

    Olumilua clarified that while all political appointees from the bottom up are affected, civil servants are not included in the pay cut.

    READ ALSO: 2020 Budget: Senate approves buhari’s N850 billion loan request

    “Salaries of civil servants will not be affected by this directive and shall maintain the status quo,” Olumilua stated.

    The Commissioner disclosed further that Governor Fayemi’s decision was as a result of the financial strain caused by the ravaging coronavirus pandemic and to enable the state save from the pay cut purposely to channel the funds into the implementation of planned developmental projects.

    He noted that “this sacrifice is for the welfare of the Ekiti people, which should take pre-eminence over and above all other considerations”.

    According to the Commissioner, global economies have been severely affected, a situation that has also put a strain on Nigeria’s finances, including Ekiti and other states.

    READ ALSO: Ministry of Youth and Sports Development Trains About 7000 Nigerian Youth

    Olumilua added that as a responsive and responsible government, the Fayemi-led administration has taken stock of its financial situation and thus taking proactive steps.

    He further noted that the current reality in the nation is a constantly decreasing receipts from the Federation Account, as well as the state’s dwindling Internally Generated Revenue (IGR). These, he said has caused the government to wake up to tackle its fiscal realities.

    “With promises made to the Ekiti people while seeking their mandate, coupled with the moral duty of improving their welfare, a time for making difficult decisions is at hand, and make them we must,” Olumilua said.

    Olumilua went ahead to appreciate the patriotism, patience, and cooperation exhibited by affected political office holders in the state.