By Gbenga Olarinoye

OSOGBO—Following dwindling resources
from the federation account to Osun State,
Governor Rauf Aregbesola has sought the
approval of the state House of Assembly to
withdraw N1.25 billion from the Omoluabi
Conservation Fund to assist government in
the provision of infrastructure in the state.

He sought the approval through a letter to
the Assembly, dated November 27, 2015,
which was read by the Speaker, Honourable
Najeem Salaam, at the plenary, yesterday.
Omoluabi Conservation Fund Law 2012,
sponsored by the executive, was passed by
the Assembly as a way of bailing the state
out of emergency whenever such occured.
According to the Speaker, the letter read:

“The law stipulates that an amount not
exceeding 50 per cent of the outstanding
balance in the fund can be withdrawn upon
the approval of the Assembly to address
such emergency.

“You are quite aware that for some months
now, the state government has been having
serious financial challenges which have
been preventing it from meeting some of its
basic functions.

“This development is largely attributable to
the national economic downturn aggravated
by the continuous decline in revenue
accrueable to the state from the Federation
Account in the last two years.

“The insufficient fund has made it difficult
for government to meet the basic needs of
the people, especially the provision of
infrastructure to enhance physical
development of the state which is certainly
an emergency that is not palatable.

“It is against this background that I seek
the approval of the Honourable House of
Assembly to withdraw the sum of N1.25
billion being 50 per cent of the N2.5 billion
in the Osun Omoluabi Conservation Fund to
continue reading at http://www.vanguardngr.com/2015/12/aregbesola-seeks-approval-to-withdraw-n1-25-bn-from-osun-fund/

Osun people don enter one-chance

The governor should just sell the state once and for all.

There should not allow him because that criminal wants to milk osun dry finally

So he saved 2.5 billion… .interesting

Kkkk

Endtime Governor receiving #50 million allocation