Ekiti State Governor, Mr Biodun Oyebanji, on Monday, unveiled N12bn Financial Reduction Programme to alleviate the hardship being skilled by folks of the state within the face of the present world financial downturn.
Oyebanji, who assured Ekiti folks of dedication to their welfare and wellbeing, urged them to cooperate with the federal government on the native, state, and federal ranges.
The governor, in an announcement by his Particular Adviser on Media, Olayinka Oyebode, stated, “Concerted efforts are being made not solely to cushion the impact of the financial state of affairs however to develop the financial system consistent with the shared prosperity agenda of the administration and the renewed hope agenda of President Bola Tinubu.”
In keeping with Oyebode, the set of programmes below the ERP embrace: “the fee of one-month wage arrears to state and native authorities staff totalling over N2.7 billion. With this fee, the federal government has cleared the wage arrears owed to state authorities staff and can make sure the arrears owed to native authorities staff are cleared this yr.”
He acknowledged, “The governor additionally permitted a rise of N600m per 30 days within the subvention of autonomous establishments together with the Judiciary and all tertiary establishments to permit the establishments to implement the wage award being carried out for state and native authorities staff.
“The governor additionally permitted the fee of two months pension arrears owed to state and native authorities staff totalling N1.5b, in addition to N100m month-to-month gratuity fee to state pensioners and an increment of the present N50m month-to-month gratuity to native authorities pensioners to N100m.”
He acknowledged that the state authorities had additionally dedicated N1b to enhance meals manufacturing, particularly to embark on land preparation, pushed by the Ministry of Agriculture and Meals Safety’s tractorisation subsidy scheme, and an enter provide programme to help small-scale farmers.
In keeping with him, the state authorities can also be committing N1.2b it not too long ago bought as the primary tranche of the World Financial institution-financed Livestock Productiveness and Resilience Assist Undertaking to remodel the livestock subsector.
