The Osun State House of Assembly has approved the Osun State Local Government Accounts Administration Bill, 2025.
According to a statement from Olamide Tiamiyu, the Chief Press Secretary to the Speaker of the Assembly, Adewale Egbedun, the bill represents a major move toward strengthening financial governance and transparency across the state’s 30 local government areas and area councils.
The statement explained: “The legislation is designed to regulate the opening, management, and operation of Local Government Accounts in accordance with the provisions of Section 7(1) of the 1999 Constitution of the Federal Republic of Nigeria (as amended), which empowers the State Assembly to legislate on Local Government finances.”
“The bill seeks to enhance accountability, prevent financial misuse, and ensure strict compliance with statutory fiscal procedures at the local government level.”
“Under the new framework, signatory authority on all Local Government Accounts will now rest solely with the Directors of Finance and the Directors of Administration and General Services of the Local Government Areas.”
“The bill expressly prohibits political office holders and their appointees from serving as signatories to these accounts, a move widely viewed as an effort to eliminate undue political interference in local government finances.”
Tiamiyu also reported that following the passage of the bill, Speaker Adewale Egbedun announced that a clean copy would be transmitted to the Governor for assent.
The statement concluded: “Once signed into law, the legislation is expected to promote greater financial prudence, institutional integrity, and improved service delivery across Osun State’s grassroots administrations.”
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