OSOGBO—Osun State Governor, Mr Rauf Aregbesola has hinted that the state would require at least N5 billion Internally Generated Revenue, IGR, monthly to augment allocation from the federation account in order to mitigate its current financial problem and boost rapid development.

 Governor Aregbesola, who disclosed this at the commissioning of Olufi Middle School, Gbongan in Ayedaade Local Government Area of the state noted that allocation from the federation account was insufficient to meet the needs of the state.

He said Osun needs N5 billion IGR in a month to succeed from the current economic crises and be able to stand on its own without solely dependent of the Federal Government allocation.

While admitting that the money used to build the school was borrowed, Aregbesola said N130 million was spent on the school.

He however advised teachers and students to make proper use of the school, saying “We want the school to be renovated after 50 years.’’

Aregbesola, who described himself as an agent of God sent to liberate the world, added that there is nowhere they are building his structure of school in the whole world.

He noted that eleven high schools have been built by his administration, promising that the remaining seven will be completed by March 2016 to fulfil the number he promised.

“We intend to construct 100 state-of-the-art Elementary schools, 15 have been completed and we are also going to construct 50 Middle schools in the state, he added.

Commenting on the economic challenges in the country, Aregbesola said “It is time for every adult to involve in one agricultural activities or the other as that is the only way we can survive the current challenges.”

On the merger of tertiary institutions, he said “College of Educations will be training teachers, offering remedial courses and re-training teachers, while polytechnics will offer their traditional courses, provide technical training to improve technical and vocational education.