TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Oyo: Bailout funds not enough to clear state debts, says Ajimobi

meira by meira
September 6 2015
in Governance, Uncategorized
A A
0

Oyo State Governor Abiola Ajimobi on Saturday said the Federal Government bailout of N26.6bn to the state would not be enough to pay all the outstanding salaries owed the state workers.

Ajimobi, who spoke during a programme on Splash FM, Ibadan and monitored by our correspondent, said the state government must look for more money from other sources to ensure all outstanding salaries of workers were paid this month. He added that the FG bailout would be accessed this week.

“Next (this) week, we should be able to access the Federal Government bailout of N26.6bn. Local Government workers will get N9.3bn from the sum while the state government workers will get the remaining N17.3bn. As of today, we owe the state workers N21.3bn but all we could get from the bailout is N17.3bn. So if we get the money today, we will still have to look for more money to balance the account so that all the debt can be paid,” the governor said.

Oyo State gets about N3bn monthly allocation from the federation account and gets about N1.2bn as Internally Generated Revenue.

Ajimobi said government should be apportioned the bulk of the blame for the economic woes facing Nigeria. He also reiterated his administration’s decision to stop sponsoring pilgrims as part of measures to reduce cost of governance in the state.

He added, “We should blame the culture of spending without saving, lifestyles of Nigerians, ourselves and government for the position we find ourselves today. We have not managed the economy well but government should take the larger blame. So much money had been stolen.’’

Previous Post

Akwa Ibom faults report of arms, foreign currency seizure by DSS

Next Post

OPC: Obasanjo, Tinubu empowered Adams, deserve insult — Fasehun

Related Posts

FG declares Friday, Monday public holidays
Governance

FG declares holidays, deploys security amid terror alert

May 26 2026
World Bank predicts 3.1-point inflation rise for Nigeria
Governance

FG cancels $717m World Bank power loan amid blackouts

May 26 2026
Kidnappings: Oyo suspends field trips, excursions as family buries slain teacher
Governance

Kidnappings: Oyo suspends field trips, excursions as family buries slain teacher

May 22 2026
Lagos restricts access to magistrate courts, denies ban on sureties
Governance

Lagos restricts access to magistrate courts, denies ban on sureties

May 22 2026
Tinubu appoints 39-year-old Prof as new JAMB registrar
Appointments

Tinubu appoints 39-year-old Prof as new JAMB registrar

May 21 2026
WAEC to conduct computer-based WASSCE exams for private candidates
Governance

JAMB releases withheld UTME results

May 21 2026
Next Post

OPC: Obasanjo, Tinubu empowered Adams, deserve insult — Fasehun

Ceding Bakassi to Cameroon ungodly, unconstitutional - Gov. Ayade

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

by The Editor
May 17 2026
0

...

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

by The Editor
May 12 2026
0

...

Ebonyi State lifts 3-month curfew after bloody boundary crisis

Ebonyi State lifts 3-month curfew after bloody boundary crisis

by The Editor
May 5 2026
0

...

Ondo community begs Gov. Aiyedatiwa to intervene in regent appointment crisis

Ondo community begs Gov. Aiyedatiwa to intervene in regent appointment crisis

by The Editor
April 30 2026
0

...

APPOINTMENTS

Elumelu joins Seplat board after $496m share acquisition

Elumelu joins Seplat board after $496m share acquisition

by The Editor
May 21 2026
0

...

Tinubu appoints 39-year-old Prof as new JAMB registrar

Tinubu appoints 39-year-old Prof as new JAMB registrar

by The Editor
May 21 2026
0

...

Soludo reshuffles power structure, swears in 18 Commissioners

Soludo reshuffles power structure, swears in 18 Commissioners

by The Editor
May 18 2026
0

...

Tinubu creates Homeland Security adviser role, appoints ex-army general

Tinubu creates Homeland Security adviser role, appoints ex-army general

by The Editor
May 11 2026
0

...

ODDITIES

Bus driver stabs transport officer to death in Calabar

Bus driver stabs transport officer to death in Calabar

by The Editor
May 26 2026
0

Hoodlums kill Imo nursing student

Hoodlums kill Imo nursing student

by The Editor
May 22 2026
0

Police arrest officer for threating to kill anyone recording him on duty

Police arrest officer for threating to kill anyone recording him on duty

by The Editor
May 21 2026
0

GLOBAL NEWS

Pope Leo XIV apologizes for Vatican’s role in legitimizing slavery

Pope Leo XIV apologizes for Vatican’s role in legitimizing slavery

by The Editor
May 26 2026
0

...

2026 World Cup: Our host is FIFA, not Trump or America– Iran

Iran accuses US of violating ceasefire

by The Editor
May 26 2026
0

...

Senegal: Ousted Prime Minister Ousmane Sonko emerges national assembly speaker

Senegal: Ousted Prime Minister Ousmane Sonko emerges national assembly speaker

by The Editor
May 26 2026
0

...

Several die after train hits school bus in Belgium

Several die after train hits school bus in Belgium

by The Editor
May 26 2026
0

...

Sierra Leone welcomes first US deportation flight under Trump crackdown

Sierra Leone welcomes first US deportation flight under Trump crackdown

by The Editor
May 22 2026
0

...

State of the States

Kano closes schools for Eid-el-Kabir

Gov. Yusuf approves N20,000 Eid package for Kano civil servants

by The Editor
May 26 2026
0

...

Benue governor secures return ticket

Benue governor secures return ticket

by The Editor
May 22 2026
0

...

Lagos restricts access to magistrate courts, denies ban on sureties

Lagos restricts access to magistrate courts, denies ban on sureties

by The Editor
May 22 2026
0

...

Kano closes schools for Eid-el-Kabir

Kano closes schools for Eid-el-Kabir

by The Editor
May 20 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Alleged N15.7bn fraud: Ex-Skye Bank chair Ayeni secures N200m bail

Alleged N15.7bn fraud: Ex-Skye Bank chair Ayeni secures N200m bail

May 26 2026
Tinubu congratulates Rangers FC on winning league title for record time

Tinubu congratulates Rangers FC on winning league title for record time

May 26 2026
Bayelsa enters commercial aviation, inaugurates Pioneer Airlines

Bayelsa enters commercial aviation, inaugurates Pioneer Airlines

May 26 2026
Gov. Adeleke endorses Tinubu for 2027

Gov. Adeleke endorses Tinubu for 2027

May 26 2026

EDITORIAL REVIEW

Recycled leaders, Recycled problems – PM News

Recycled leaders, Recycled problems – PM News

by The Editor
May 26 2026
0

Bandits attack Katsina govt bus, abduct passengers

Don’t allow insurgents to kill education – Punch

by The Editor
May 26 2026
0

Hepatitis: Rescuing Nigerians from needless deaths – Punch

Hepatitis: Rescuing Nigerians from needless deaths – Punch

by The Editor
May 22 2026
0

Mass failure: JAMB, VCs to review UTME results Thursday

UTME reforms, admissions waivers – Punch

by The Editor
May 20 2026
0

In 2027 elections, voter apathy looms large – Punch

In 2027 elections, voter apathy looms large – Punch

by The Editor
May 18 2026
0

Opinion

School attacks and the death of ethics

School attacks and the death of ethics

by The Editor
May 22 2026
0

...

The dangers of a one-party state

The dangers of a one-party state

by The Editor
May 5 2026
0

...

Dear Senator Tinubu, Buhari has thrashed us all!

NBC’s real struggle

by The Editor
April 30 2026
0

...

Even INEC admonishes the media?

Even INEC admonishes the media?

by The Editor
April 12 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.