Osogbo, Dec. 5, 2025 — The Osun State House of Assembly has approved a landmark bill designed to streamline and regulate the financial operations of local government councils across the state.
Speaker Adewale Egbedun announced the passage during plenary, noting that the legislation seeks to ensure prudent management of funds, curb financial mismanagement, and promote effective service delivery at the grassroots.
Key Provisions of the Bill
Establishment of clear financial guidelines for local government councils.
Mandatory reporting and auditing of revenue and expenditure.
Enhanced oversight by the State Assembly to monitor compliance.
Measures to prevent diversion of funds and ensure resources are used for community development.
Egbedun emphasized that the bill aligns with Governor Ademola Adeleke’s administration’s commitment to transparency and accountability in governance.
Lawmakers argued that the reform will help restore public confidence in local government institutions, which have often been criticized for poor financial management.
Implications
Local councils will face stricter financial controls.
Citizens may benefit from improved infrastructure and services as funds are better utilized.
Political analysts say the move could set a precedent for other states seeking to strengthen grassroots governance.
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