Bailout Cash Not Enough, We Need More Money, Gov Ajimobi Cries Out

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Oyo State Governor, Abiola Ajimobi has said the state needs more money to pay outstanding salaries as its N26.6bn Federal Government bailout would not be enough to pay all the salaries owed the state workers.

Ajimobi, who spoke during a programme on Splash FM, Ibadan and monitored by our correspondent, said the state government must look for more money from other sources to ensure all outstanding salaries of workers were paid this month. He added that the federal bailout would be accessed this week.

“Next (this) week, we should be able to access the Federal Government bailout of N26.6bn.

“Local Government workers will get N9.3bn from the sum while the state government workers will get the remaining N17.3bn.

“As of today, we owe the state workers N21.3bn but all we could get from the bailout is N17.3bn. So if we get the money today, we will still have to look for more money to balance the account so that all the debt can be paid,” the governor said.

Oyo State gets about N3bn monthly allocation from the federation account and gets about N1.2bn as Internally Generated Revenue.

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This post has already been read at least 11997 times!