Ogun Suffers 60% Revenue Drop - Governor Amosun

 

Ogun State  has lost over 60 per cent of its statutory revenue allocation from the Federation Account. Governor Ibikunle Amosun spoke yesterday at a Town Hall meeting with stakeholders on the 2016 budget.

He said the state requires about N80billion to complete the 32KM Sango -Ijoko-Agbado-Akute -Ojodu road. The government awarded the contract to Messrs Prado E. Mercedos, a Brazilian firm, barely three years ago but work has slowed down, following increasing shortage of funds.

For next year’s budget, he said the development of rural areas will be the priority. He said the decision to prioritise the rural area is because of the realisation that the bulk of the people reside in the rural areas as well as the need to open up the areas.

Amosun said Deputy Governor Mrs Yetunde Onanuga has the responsibility of fixing rural roads and infrastructure.

The governor, who promised that the new policy thrust of the budget would be vigorously pursued, however lamented the massive drop in the state’s revenue.