Osun State Governor, Rauf Aregbesola, is heavily lamenting over the financial crisis in his state.
Aregbesola says Osun received only N55m from the Federation Account for the month of September, 2015, adding that the money was not sufficient to offset the electricity bill of the state government secretariat.
The governor said it’s high time Nigerians returned to agriculture, owing to the dwindling price of crude oil in the international market.
Aregbesola was quoted to have said this on Sunday, at the inauguration of the new Ife/Orile-Owu 33KV feeder line at Orile-Owu in Ayedaade Local Government Area of the state.
“We must at this point tell ourselves the truth; there is no money coming from the Federation Account, 34 million barrels of Nigeria’s crude oil are on the sea without buyers.
“Money coming from the Federation Account has reduced seriously and our hope of survival is in our hands, what our forefathers lived on was agriculture.
“We must now go back to the farms and work. We also need to pay our taxes so that the government can meet its responsibilities. For September, our state got N55.8 million. The money we received cannot pay for the power supply by IBEDC that we use at the state secretariat monthly.
“I want to use this opportunity to admonish us to return to the farms, what we used to rely on as a country and state is no longer there. Oil prices have now dropped seriously, even at about $41 per barrel from a price of over$ 100; Nigeria still cannot sell her oil in the international market.”
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