He spoke in a chat with our correspondent, in Akure, the state capital, on Wednesday.
He explained that Governor Akeredolu paid six months out of the outstanding seven months’ salary arrears inherited from the previous administration, as well as payment of several billion in pension and gratuity arrears.
The commissioner said, “We have surpassed our IGR budget with several billions of naira and revamped the Land Use Charge for improved revenue generation. The government investment portfolio was restructured for capital gains and increased revenue generation. “There has been effective and efficient management and allocation of government resources even as we improved efforts to source for cheap funds in the form of grants, donations and loans from donors, and development partners.
“We have sourced cheap funds from financial institutions to augment the government’s resources whenever the need arises and advised the Governor on effective and efficient allocation of state’s resources.” Akinterinwa who listed achievements recorded by the Akeredolu administration, since 2017 explained that restructuring of the old bond was carried out to free more cash for government spending besides raising another N30bn from both the capital market and private placements.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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