Osun assembly passes bill to regulate LG finances

Speaker, Osun State House of Assembly, Adewale Egbedun... File Photo

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The Osun State House of Assembly has passed the Osun State Local Government Accounts Administration Bill, 2025, to regulate the opening, management, and operation of local government accounts.

The Assembly said the passage of the bill marked a significant step toward strengthening financial governance and transparency across the state’s 30 local government areas and area councils.

A statement signed by the Chief Press Secretary to the Speaker, Olamide Tiamiyu, and obtained in Osogbo on Friday, noted that the legislation was designed to “regulate the opening, management, and operation of Local Government Accounts in accordance with 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.”

It added, “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.”

Addressing the parliament after the bill was passed, the Speaker of the House, Adewale Egbedun, said a clean copy of the bill would be transmitted to the Governor, Ademola Adeleke, for assent.

Egbedun noted that once signed, the legislation would promote greater financial prudence, institutional integrity, and improved service delivery in grassroots administrations.

On November 10, 2025, PUNCH Online reported that the Assembly passed the Islamic and Traditional Marriages (Registration) Bill and the Water Users’ Association (Irrigation) Bill.

A statement by Tiamiyu at the time explained that the lawmakers passed the “two landmark bills aimed at strengthening social institutions and promoting agricultural development across the state,” following the consideration of House Committee reports and clause-by-clause adoption during plenary presided over by Egbedun.

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