Governor Ibikunle Amosun of Ogun State yesterday dropped a hint on the likelihood of the federal government, writing off the bailout funds assessed by almost 30 states of the federation going by the economic realities of the country.
Amosun said this yesterday while speaking at the opening of the treasury board meeting for the year 2016 budget, held at the Obas’ complex in Oke – Mosan state secretariat complex, Abeokuta, the state capital.
Amosun explained that the decision to write off the bailout fund from the debt list of the states that benefited from it was borne out of the federal government’s conviction that some states in the country were not economically viable and that they might not be able to cope with the conditions for its repayment.
Ogun State collected N19 billion of the fund but the governor said the state short-changed itself by not applying for available sum of N40 billion from the scheme.
Amosun however, emphasised that his administration remain committed to improving the socio-economic fortunes of the state, despite the current economic downturn in the country.
The governor also charged officials at the Ministries, Departments and Agencies, MDAs, to strive towards prudence and accountability in their focus for year 2016 fiscal year.
According to him, year 2016 budget proposal would largely be financed through aggressive Internally Generated Revenue, IGR, without inflicting unnecessary pressure on the citizens.
He directed both the political and career officers to ensure total blockage of loopholes, leakages, wastages and remit all monies to the appropriate government coffers.
Earlier, the Commissioner for Budget and Planning, Ms. Adenrele Adesina, appreciated all the MDAs for their commitment to the Ogun State project.
She noted that the 5-cardinal programmes of the Amosun-led administration remained sacrosanct and priority of government.

READ ALSO  Penalty phase of Boston Marathon bombing trial to begin April 21