Oyo State’s Economic Resilience Strengthened by N24bn Monthly Salaries, Says Governor Makinde
Governor Seyi Makinde of Oyo State has underscored the vital role of the state's robust public sector salary structure in ensuring its economic stability. Speaking during a visit from Muslim clerics, traditional rulers, and political officeholders at his residence in Ibadan after the Eid-el-Fitri prayers, the governor revealed that his administration is consistently disbursing over N24 billion monthly to pay the salaries of state and local government employees.
This strategic move, according to Makinde, has been key to maintaining the economic balance in Oyo State, fostering both public sector morale and broader economic growth. In a statement issued by his media adviser, Sulaimon Olanrewaju, the governor emphasized that the monthly payments are integral to his government's wider efforts to boost economic activity and foster job security for thousands of workers.
Governor Makinde further highlighted that the stability provided by these salary payments, coupled with the administration's focus on economic expansion, has been instrumental in attracting significant private sector investments to the state. These investments are not only improving the state’s infrastructure but also creating a positive cycle of economic growth that benefits businesses and citizens alike.
"My prayer has always been that Oyo State will not regress to the economic difficulties of the past," Governor Makinde stated, stressing the importance of patience and consistency in governance to realize long-term prosperity for the state. He added that the continued efforts to bolster the economy through strategic fiscal policies would ultimately lead to the achievement of his administration's broader goals.
The governor’s remarks come at a time when many states are grappling with economic challenges, and Oyo State's proactive stance on managing public finances serves as a model for other regions seeking economic stability. With a consistent focus on salaries and expanding the economic base through investments, Oyo State is positioning itself as a leading example of economic resilience in Nigeria.
Through these ongoing efforts, Makinde's government is setting the stage for a more sustainable and prosperous future, ensuring that both the public sector and private enterprises thrive together. The monthly salary payment of N24 billion serves not just as a financial commitment, but as a testament to the administration’s dedication to the well-being of the state's workers and the overall health of Oyo’s economy.
Keywords: Oyo State, Governor Seyi Makinde, N24bn salaries, economic stability, local government workers, private sector investment, Eid-el-Fitri, economic expansion, public sector salaries
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