Internally Generated Revenue: Edo Joint Account Allocation Committee Declares N2.9bn For June

[dropcap]E[/dropcap]do State Joint Account Allocation Committee (JAAC) has recorded N5 million increase in Internally Generated Revenue of the local councils for the month of June, which formed part of the N2.9 billion declared as the total allocation that accrued to the state for the sixth month of the year.

This was disclosed by the Chairman, Oredo Local Government Area, Hon. Evbareke Jenkins Osunde, at the end of the JAAC meeting presided over by the Governor of Edo State, Mr Godwin Obaseki.

Osunde noted that the internally generated revenue in local councils increased from N206 million recorded in May to N211 million recorded in June 2018.

He explained that, “Teachers’ salaries deducted for the month was N1,081,654,814.22, contribution for pension stood at N264, 115, 845.36, while pension arrears paid was N100 million.”

Osunde said the total deduction was N1, 979, 354, 951.11; while net allocation was N1, 001, 089, 151.83.

The Oredo Council boss lauded Governor Obaseki for assisting local councils with the payment of workers’ salary for the month of June.

“It is important to note that because of the deadlock in the Federation Account Allocation Committee (FAAC) meetings over the revenue for June, Governor Obaseki made money available for the payment of staff salary in the local government councils in the state. We greatly appreciate him for that,” he added.