Osun State Is Now A Failed State, Received Only 55 Million In FG Allocation

Osun State Governor, Ogbeni Rauf Areg­besola has said that all States must look in­ward for survival as funds com­ing to them from the federation account can no longer support their development projects.
He said, “We must at this point tell ourselves the truth, there is no money coming from the Federa­tion account, 34 million barrels of Nigeria’s crude oil are on the sea without buyers”.

“Money coming from the Fed­eration Account has dipped seri­ously and our hope for survival is in our hands, what our forefathers lived on was agriculture.

“We must now go back to the farms and work. We also need to pay our taxes so that government can meet its responsibilities”.

“For September, our state got N55.8 million. The money we received cannot pay for the power supply by Ibadan Electricity Distribution Company (IBEDC) that we use at the state Secretariat monthly”, The Governor lamented.

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