Ogun Assembly Approves N18.9bn Loan To Offset Deductions
The Ogun House of Assembly has granted approval to the state
government’s request to obtain a loan of N18.9b to offset the
outstanding deductions/subvention to workers on its payroll from
Guaranty Trust Bank of Nigeria (GTB) under the federal government
bail-out programme.
In a letter sent to the assembly by the governor, Ibikunle Amosun, which was read by the speaker, Rt. Hon. Suraju Ishola Adekunbi, during the plenary on Tuesday September 1, the loans were broken-down into N9.779billion for outstanding deductions/subvention and N9.139billion for the local governments in the state.
The governor’s request was a follow-up to the House Resolution
008/2015, authorising the restructuring of the commercial bank loans
into federal government of Nigeria bonds which would enable the state to
fully participate in the bail-out scheme.
The approval was granted through a resolution passed after the motion for the passage was moved by the majority leader, Hon. Adeyinka Mafe, (Sagamu 1) and seconded by Hon. Oluwasesan Soyebo, which later got the support of the whole House.
While opening debate on the motion earlier, lawmaker Mafe explained that the loan would cater for the backlogs of the civil servants deductions which would help in boosting their morale, thereby enhancing productivity.
The lawmaker added that the loan which would be in a single digit interest rate, would bring succor to civil servants at the state and local government levels.
Contributing to the motion, members including the deputy speaker, Olakunle Oluomo, chief whip, Idowu Olowofuja, minority leader, Wale Alausa, PDP whip, Jemili Akingbade, Akanbi Bankole, Tunde Sanusi and Ganiyu Oyedeji disclosed that the loans would take care of cooperative deductions, salaries and outstanding allowances of the civil servants, who had been active partners in the implementation of various government policies and programmes leading to achievement of rebuilding mission of the Ibikunle Amosun -led administration.
Others who contributed are; Olusola Sonuga, Yetunde Sogbein and Adeleye Adebiyi opined that the payment of the outstanding deductions from the loans would serve as a relief to government, as the backlog of debt owed public servants in the State would be cleared.
In another development, the assembly has called on officials of the Traffic Compliance and Enforcement Agency (TRACE), Federal Road Safety Corps (FRSC) and other concerned agencies in road and traffic management to ensure strict adherence with traffic rules and regulations to put an end to the incessant road accidents leading to loss of lives and properties.
The speaker gave the charge while responding to the presentation of the lawmaker representing Ewekoro constituency, Hon. Israel Jolaoso, under personal explanation on the recent carnage in the state which claimed the lives of 15 people including a final year student of the Federal University of Agriculture, Abeokuta (FUNAAB) at Awowo junction, along Lagos-Abeokuta express way recently.
In a letter sent to the assembly by the governor, Ibikunle Amosun, which was read by the speaker, Rt. Hon. Suraju Ishola Adekunbi, during the plenary on Tuesday September 1, the loans were broken-down into N9.779billion for outstanding deductions/subvention and N9.139billion for the local governments in the state.
The approval was granted through a resolution passed after the motion for the passage was moved by the majority leader, Hon. Adeyinka Mafe, (Sagamu 1) and seconded by Hon. Oluwasesan Soyebo, which later got the support of the whole House.
While opening debate on the motion earlier, lawmaker Mafe explained that the loan would cater for the backlogs of the civil servants deductions which would help in boosting their morale, thereby enhancing productivity.
The lawmaker added that the loan which would be in a single digit interest rate, would bring succor to civil servants at the state and local government levels.
Contributing to the motion, members including the deputy speaker, Olakunle Oluomo, chief whip, Idowu Olowofuja, minority leader, Wale Alausa, PDP whip, Jemili Akingbade, Akanbi Bankole, Tunde Sanusi and Ganiyu Oyedeji disclosed that the loans would take care of cooperative deductions, salaries and outstanding allowances of the civil servants, who had been active partners in the implementation of various government policies and programmes leading to achievement of rebuilding mission of the Ibikunle Amosun -led administration.
Others who contributed are; Olusola Sonuga, Yetunde Sogbein and Adeleye Adebiyi opined that the payment of the outstanding deductions from the loans would serve as a relief to government, as the backlog of debt owed public servants in the State would be cleared.
In another development, the assembly has called on officials of the Traffic Compliance and Enforcement Agency (TRACE), Federal Road Safety Corps (FRSC) and other concerned agencies in road and traffic management to ensure strict adherence with traffic rules and regulations to put an end to the incessant road accidents leading to loss of lives and properties.
The speaker gave the charge while responding to the presentation of the lawmaker representing Ewekoro constituency, Hon. Israel Jolaoso, under personal explanation on the recent carnage in the state which claimed the lives of 15 people including a final year student of the Federal University of Agriculture, Abeokuta (FUNAAB) at Awowo junction, along Lagos-Abeokuta express way recently.
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