On Thursday June 25, 2015, Senator Ifeanyi Okowa presented a statement of affairs report on the state to the State House of Assembly. In his speech, he presented a graphic illustration on what he met on assumption of office. The highlights of his speech to those not privy to it are: (1) the revenue receipt from the Federation Accounts Allocation Committee (FAAC) has dipped significantly, dropping to just N8.03 billion in April (as received in May 2015), from a high of over N20 billion in previous years.
Based on the various financial outstanding from the previous administration, a total monthly deduction of N4.60 billion will be made from our FAAC receipts with effect from June 2015 to March 2017, and thereafter N1.098 billion monthly until September 2017.
The State workforce as at May 28, 2015 stood at over 60,000 persons with a monthly personnel cost of N7,437,940,015.38 inclusive of N678 million State Government’s support to Local Government Councils for the payment of primary school teachers’ salaries.
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