The Oyo State government has announced 50 percent reduction in the salaries of political office holders, their compensation, approval limits and government’s spending with immediate effect.
The Secretary to the State Government, Olalekan Alli said the decision was taken at the State Executive Council meeting held on Friday, November 4.
He explained that Oyo had been spending its monthly allocation from the federation account on payment of workers’ salary, which stood at N5.2 billion.
Alli noted that government had not break a promise on its subsisting agreement with the labour unions to pay 100 percent of the monthly federal allocation to the State.
“In July, the State’s monthly allocation was N4 billion, N3.8 billion in August, N3.5 billion in September and N2.8 billion in October.”
“Considering the dwindling allocation, the best is for the State governments to look inward. This is why we are slashing the salaries of all political office holders,’’ he said.
According to him, the Internally Generated Revenue of the State is still between N1 billion and N1.5 billion.
Alli explained that the State government had employed the restructuring and verification exercise, as a means of blocking the several loopholes that allowed for waste of resources.
He said that the ongoing Biometric Verification Number exercise in Oyo had revealed some ghost workers drawing multiple salaries.
“We have discovered 500 people who did not come for the verification exercise to unravel their true identity,’’ he stated.
Alli noted that the State agriculture initiative continued with a target of two million in terms of job and food security.
He added that work had reached advance stage on the 10, 000 metric tons silos being constructed in the three senatorial districts of the State.