The Ekiti State governor Kayode Fayemi after reaching an agreement with the organized labour signed a 25 per cent reduction in the monthly salaries of political office holders and other top government functionaries for three months effective from May to July 2021.
The reduction came about as a result of the shortfall imposed by a deficit of a N750 million per month on the state government which the governor said had left the state treasury in dire straits.
The Ekiti state government reaffirmed its commitment to workers not to downsize the workforce promised to that an Economic Review Committee would henceforth meet monthly (five days after Federation Accounts Allocation Committee release) to keep Labour abreast of the financial position of the State and actions to be taken.
The pact also agreed that 10 per cent of the Internally Generated Revenue -IGR being the state responsibility to the state Joint Account Allocation Committee -JAAC would be released henceforth.
The agreement was sealed and signed by representatives of the Ekiti State government and leaders of the Nigeria Labour Congress -NLC), Trade Union Congress -TUC and Joint Negotiating Council -JNC in Ado Ekiti.