Economic crisis: “We shared paltry N207bn in May”, Aregbesola laments

The governor of Osun State, Ogbeni Rauf Aregbesola, has lamented that the falling economy inherited by the President Muhammad  Buhari was affecting governance at all levels.

Governor Aregbesola made this known while inaugurating the seven-man Governing Council of Osun State University in his office, Government Secretariat, Abere.

‎Acknowledging some of the challenges facing the country most significantly in the areas of food, shelter, healthcare, clothing, transportation, governance and administration, technology and so on, Aregbesola said the university should be in a position of leadership, unravelling mysteries, dispensing myths, charting new paths and solving problems.

He said, “It is a financial tsunami that swept away the finances of the country. Up till the middle of 2013, the distributable pool of the federation account topped N1 trillion, rising to N1.2 trillion occasionally. Towards the end of 2013, arising from an alleged oil theft and dwindling oil prices, the pool began to shrink.

“The nation’s economy got so bad that the total amount in the federation account pool for April this year, which was shared in May, was a paltry N207 billion. The adverse effect has affected governments at all levels as the most prominent of which is the inability of many states to pay salaries and forcing many to reduce expenditure in all sectors.”

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Aregbesola, however, reaffirmed his administration’s determination towards the continuous provision of quality, quantity and functional education at all levels.

He said part of his administration’s efforts was to build a world class university that would be universally recognized and aspired to.

While describing university education as a “license to greatness”, he stressed that “the current government has been building a university that will be a solution centre and as well providing leadership ideas by guiding the society on the path to the future and at critical times.

“New realities have brought new challenges to society, the government and the university itself just as you are all aware, a calamity befell our nation, such that did not even occur during the civil war.”

He charged the newly inaugurated council to fashion out how the university would fund itself without passing the burden on the students.

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The newly inaugurated Chairman of the Governing Council, Mallam Yusuf Olaolu Alli, who spoke on behalf of his members, assured the state of repositioning, re-engineering and redirecting the affairs of the university to make it one of the best in Nigeria, Africa and indeed the world at large.

Mallam Alli, who is also a Senior Advocate of Nigeria, SAN, assured the state of hitting the ground running by placing time, resources and endowments at their disposal to improve the institution.

“I wish to assure all the stakeholders in the university that this council will operate with consensus and engage in wide consultations on all issues, as we solicit the cooperation and collaboration of the management, academic and non-academic staff and the students of the university in the arduous task ahead,” he added.

Meanwhile, other members of the committee include: Prof Solomon Akinboye, Dr Abeke Omotoso, Prof Kasali Adegoke, Sir Benjamin Aladekomo, Engineer Tunde Ponle and Prof Charles Abiodun.



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