The Osun State government has announced that it will be unable to pay State workers their March salaries.
Osun State received only N6.23m in funding for the month of March. According to Governor Rauf Aregbesola, the government will not be able to pay the State Secretariat’s electricity bills, let alone its N2.6bn wage bill.
March’s federal allocation represents a significant decline from February’s allocation of N1.677bn. Additionally, Osun State received N19.418m and N726.1m from the exchange rate gain and value added tax, bringing the total February allocation to N2.423bn.
The reason for Osun State’s insufficient funding comes from debt obligations amounting to over N2bn. The debt payments included external debt and an irrevocable standing payment order (ISPO).
Every other state was granted a March allocation of at least N1bn, with Akwa Ibom, Delta, Lagos, and Rivers States topping the list with N8.557bn, N6.062 bn, N6.612 bn and N5.427bn, respectively.