Governor Abiodun Rolls Out Measures To Tackle Economic Effects Of COVID-19

As a result of the recent global economic challenges resulting from COVID-19 pandemic and the crash in the prices of crude oil, the Ogun State Governor, Prince Dapo Abiodun, has announced a number of measures to mitigate the imminent reduction in monthly FAAC allocations from the federation account.

Governor Abiodun made this known while receiving the Interim Report of the State’s Economic Team led by the Honourable Commissioner of Finance and Chief Economic Adviser, Dapo Okubadejo. 

Some of the measures include budget review in line with current realities, restructuring and refinancing of existing loan obligations and processing of new credit facilities to improve the State’s cashflow and take advantage of the more favourable interest rate regime in the country. The Government also bans nonessential travel by all civil servants and political appointees. 

Other initiatives include creatively shoring up internally generated revenue, eliminating leakages and aggressive cost reduction, especially recurrent cost. Also recommended are enhancing accountability and transparency and strengthening the Government Delivery Unit to ensure efficient and effective delivery of projects and policies.

Furthermore, government would prioritise capital spending on critical sectors such as agriculture, healthcare, infrastructure, and other projects that will enhance the living standards of the citizenry. 

Having anticipated the enormity of the economic challenges the prevailing circumstances portend, the government is confident that these measures will sufficiently address them. Indeed, there is no compromise on Dapo Abiodun Administration’s commitment to deliver on its electoral promises as encapsulated in the Building Our Future Together Agenda, regardless of the prevailing economic circumstances, the statement concluded.

17 thoughts on “Governor Abiodun Rolls Out Measures To Tackle Economic Effects Of COVID-19

  • April 23, 2021 at 8:47 pm

    831397 67066I like the valuable info you provide inside your articles. Ill bookmark your weblog and check once more here regularly. Im quite certain I will learn lots of new stuff right here! Finest of luck for the next! 743226

  • May 21, 2021 at 2:38 pm

    11981 84091I want reading through and I conceive this website got some genuinely utilitarian stuff on it! . 772063

  • June 13, 2021 at 7:41 am

    Use the first device.Basic information CARY2110.BA0925 (Sun with) CARY2111111111.ba0925 (Sun)

  • July 11, 2021 at 3:17 am

    329442 86278Youve produced various nice points there. I did specific search terms around the matter and located mainly individuals will believe your website 598367

  • September 2, 2021 at 8:58 pm

    Having read this I believed it was very informative. I appreciate you finding the time and effort to put this short article together.

    I once again find myself personally spending a significant amount
    of time both reading and posting comments.
    But so what, it was still worth it!

  • September 11, 2021 at 6:30 am

    Heya i am for the first time here. I found this board and I find It truly useful & it helped me out much.
    I hope to give something back and help others like you
    helped me. cheap flights cheap flights

  • September 12, 2021 at 2:31 am

    My brother recommended I might like this blog. He was totally right.
    This post truly made my day. You cann’t imagine just how much time I had spent for this information! Thanks!
    scoliosis surgery scoliosis surgery

  • September 12, 2021 at 2:17 pm

    Helpful information. Fortunate me I discovered your site accidentally,
    and I am surprised why this coincidence didn’t happened earlier!
    I bookmarked it. ps4 ps4

  • October 15, 2021 at 6:54 am

    902778 435890Interesting point of view. Im curious to believe what type of impact this would have globally? Sometimes individuals get a bit upset with global expansion. Ill be around soon to have a look at your response. 511159

  • October 25, 2021 at 9:10 am

    Hello to every body, it’s my first pay a visit of this blog;
    this website consists of awesome and truly good information in support of visitors.

  • December 7, 2021 at 7:23 pm

    Thanks for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our local library but I think I learned more clear from this post. I’m very glad to see such fantastic information being shared freely out there.

  • December 13, 2021 at 12:40 pm

    Unquestionably believe that which you stated. Your favorite justification appeared to
    be on the net the simplest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that
    they plainly do not know about. You managed to hit the nail upon the top as well as
    defined out the whole thing without having side-effects ,
    people could take a signal. Will likely be back to get more.

  • January 8, 2022 at 7:01 am

    Greate pieces. Keep writing such kind of info on your blog.
    Im really impressed by your blog.
    Hi there, You’ve performed an excellent job. I’ll certainly digg it and personally recommend
    to my friends. I am sure they’ll be benefited from this site.

Leave a Reply

Your email address will not be published.

%d bloggers like this: