Africa

The N238.4 Billion Question: Tracing Osun’s missing LG funds

Premium Times Nigeria November 07, 2026 2 views
The N238.4 Billion Question: Tracing Osun’s missing LG funds

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Osun State: Tracing the N238.4 Billion Question

The Nigerian state of Osun has received N238.4 billion in allocations between January 2025 and June 2026 for its 30 Local Government Areas (LGAs). However, despite the substantial funds, the state's LGAs continue to grapple with significant infrastructure challenges.

Infrastructure Challenges in Osun LGAs

  • Poor roads
  • Struggling health centres
  • Under-resourced schools
  • Broken water systems

The situation has sparked questions about the utilization of the funds and the effectiveness of the state government in ensuring the funds are properly managed and allocated to address the needs of the people.

Government's Responses and Explanations

In response to the concerns, Osun State Governor, Rauf Aregbesola, has maintained that the funds were utilized for various developmental projects.

"The funds were utilized to develop infrastructure across the state, including roads, schools, and water projects. We have made significant strides in improving the lives of our people," said Governor Rauf Aregbesola.

Governor Aregbesola also emphasized the importance of local government autonomy in managing their funds for effective development.

"Local governments should be allowed to manage their funds as they understand the needs of their people better. This would ensure that funds are utilized efficiently and effectively for the benefit of the people," said Governor Rauf Aregbesola.

Local Government Authorities' Responses

The Osun State Local Government Councils have maintained their innocence in the mismanagement of funds.

"We have been transparent in our financial dealings and have provided necessary documentation to the relevant authorities to investigate the allegations," said a statement from the Osun State Local Government Councils.

The councils also emphasized their commitment to improving the lives of the people in their areas.

"We are working tirelessly to develop our local communities and improve the lives of our people. We are confident that the investigation will vindicate our efforts and demonstrate our commitment to development," said a statement from the Osun State Local Government Councils.

Investigation Launched

In response to the public outcry and concerns raised by citizens, the Osun State Government has launched an investigation into the alleged mismanagement of funds.

"The Osun State Government has initiated an investigation into the alleged misuse of Local Government funds. The aim is to ensure transparency and accountability in public funds management," said a statement from the Osun State Government.

The investigation aims to shed light on how the funds were utilized and ensure that the allocated funds were used for their intended purposes.

<small>Source: Premium Times Nigeria — read the original story there.</small>

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