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Monday, 20 April 2020

Dwindling Oil Revenue: Oyo Lawmakers Donate 30-percent Monthly Income to Civil Servants' Salaries

As COVID-19 pandemic bites harder on the global economy leading to drastic drop in oil price, national revenue and subsequently about 60 percent drop in federal allocation to States, the Oyo state House of Assembly has agreed to a 30 per cent slash in their monthly allocation effective from April.

The 30 percent deduction includes both the lawmakers' salaries and other monthly allowances entitled to them as State honourables.

This sacrifice will be made by political office holders in Oyo State to ensure the regular payment of civil servants' salaries is not affected  irrespective of the economic situation of the State.

The agreement was reached when Governor Seyi Makinde met with the state’s lawmakers at government house, at the weekend.

At the meeting, Governor Makinde explained that the pandemic had resulted in about 60 per cent drop in the federal allocation and it is taking toll on the state’s economy.

Chairman, Oyo House Committee on Information and Media, Honorable Kazeem Olayanju said the lawmakers agreed to the slash in the interest of the smooth running of the state.

“Our income has been slashed by 30 per cent as our support towards COVID-19. The governor brought the idea and we agreed that effective this month, there should be the 30 per cent deduction.

“We were made to understand that the pandemic had greatly affected the economy of the country and the state as well as that the Federal Government has reduced allocation by 60 per cent.

“This situation could have affected regular payment of salary of Oyo State civil servants but the governor maintained that irrespective the economic situation of Oyo state, the salary of civil servants must not be affected. Hence, we agreed that political office holders should make sacrifices,” Olayanju said.

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