The 20 local councils in Ogun State have received a share of N3,906,204,617.07, which include shares of Statutory Allocation, Value Added Tax (VAT), Exchange gain and non-oil from the Federal Allocation for October 2022.
This was disclosed at the November 2022 edition of the Joint Account Allocation Committee (JAAC) meeting held at the Conference Hall, Oba’s Complex, Oke-Mosan Abeokuta.
In his presentation, the Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, represented by the Accountant-General and Permanent Secretary, Ministry of Finance, Babatunde Aregbesola, said N4,307,029,570.04 was required to pay the first line charges, which include primary school teachers’ salary, councils workers’ salary, pensions and other charges, adding that the state would argument N400,824,952 to balance up the first line charges for the month.
He noted that N314,991,562.96, which covers PAYE, and a five per cent bond on pension, would still be pending until the councils’ finances improve.
