Osun Laments Shortfall In Allocation

The Osun State government yesterday expressed concern over what it called shortfall in its allocation from the federation account.

The state Commissioner for Finance, Dr. Wale Bolorunduro, while addressing a press conference on the financial status of the state, said the escalating revenue crisis in the country is seriously affecting the working machineries of state governments and that the impact on Osun is severe.

Bolorunduro said Osun revenue has been suffering serious decline since June 2013. He said the state government has been augmenting its monthly salary payment by about N1billion  on a monthly basis.

Bolorunduro noted that the N1billion funding gap is a serious challenge for the state government and appealed to Osun workers and retirees to bear with the state government.

He however assured that the state government will keep deploying strategic initiatives to cope with the cash crunch.

“Governor Aregbesola has no plan to cut or reduce salary of its workers, just as he is determined to ensure that various developmental projects across the state are completed,” he said.