Ogun releases N1.5b for payment of salary deductions | Independent Newspapers Limited
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Ogun releases N1.5b for payment of salary deductions

Posted: Apr 3, 2015 at 7:00 am   /   by   /   comments (0)

Ogun State Government has announced the resumption of payment of salary deductions and cooperative dues with the sum of N1.5 billion released on Thursday.

The payment covers deductions from salaries affecting both state and local government workers.

In a statement by the Commissioner for Information and Strategy, Yusuph Olaniyonu, the release was in fulfillment of the agreement reached between the Governor, Senator Ibikunle Amosun and the workers during an interactive session held last month.

Prior to the downturn in Federal Allocation and the general economy, the State Government had been remitting salary deductions as and when due and had even cleared arrears inherited from the past admnistration.

However, Olaniyonu said the suddeness of recent downturn adversely affected both the Federal Allocation and internally Generated Revenue, thereby creating fresh arrears.

The State Government said that this release demonstrated that it has successfully adjusted to the new financial reality and it was confident that it would be able to clear the balance of arrears expediently.

The government further assured the workers that it will always protect their interests at all times and restated the fact that it has no plan to sack any worker.

“The financial adjustment”, government stated, “was achieved through increased spending efficiencies and enhanced focus on internally generated revenue”.

The government further expressed gratitude to the workers for their patience, understanding and co-operation since the administration assumed office, particularly when the economic downturn led to delay in the remittance of the deductions and co-operative dues.