ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, January 19, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Deputy Governor of Bayelsa State, Rear Admiral Gboribiogha John Jonah retd, addressing members of the Press during the April, 2018 edition of the State monthly Transparency Press briefing at Government House, Yenagoa, while the Special Adviser to the Governor on Treasury, Revenue and Accounts, Mr. Timipre Seipulo (2nd right) and the Chief Economic Adviser to the Governor, Mr. Duate Iyabi (right) look on. Photo by Lucky Francis.

Deputy Governor of Bayelsa State, Rear Admiral Gboribiogha John Jonah retd, addressing members of the Press during the April, 2018 edition of the State monthly Transparency Press briefing at Government House, Yenagoa, while the Special Adviser to the Governor on Treasury, Revenue and Accounts, Mr. Timipre Seipulo (2nd right) and the Chief Economic Adviser to the Governor, Mr. Duate Iyabi (right) look on. Photo by Lucky Francis.

Bayelsa decries decline in federal allocation to states

byPress Release
May 15, 2018
2 min read
ADVERTISEMENT

The Bayelsa State Government has decried dwindling federal allocation to states in the past months, saying the problem could render the state bankrupt but for civil service reform initiated by the state government.

Presenting the income and expenditure profile of the state for April, 2018, in Yenagoa, the Deputy Governor, John Jonah, said without the reforms, Bayelsa stands the risk of becoming a failed state.

A statement by the Chief Press Secretary to the Governor, Francis Agbo, maintained that the deputy governor decried the drastic reduction of federal allocation to the states in recent times, in spite of the improvement in all the critical indicators in the oil industry.

“All the indicators are improving but the money coming to us is decreasing. That is why state governors have been insisting that they should be part of those calculating the money,” he said.

“Funding is a very difficult thing in this country now. Recall that between March and April this year, our income reduced by over N700 million and it is still threatening.

“And the strange thing about this reduction at the federal level, is that, the accruals to the federation account has defied all mathematical predictions. You can no longer calculate it sitting down here.

“Ordinarily, we should expect that if oil price and production increase with the naira devalued, there is no justification why we should not have sufficient money to pay salaries,” he explained.

According to the Deputy Governor, Bayelsa’s Gross FAAC inflow stood at N14.5 billion, comprising a statutory allocation of N2.6 billion, derivation, N9.2 billion, Excess Bank charges N1.8 billion, Value Added Tax N741 million and refund from other states N57 million.

He announced total FAAC deductions of N1.6 billion, which include, bond loan deduction of N421 million, restructured commercial bank loan N741 million, Excess Crude Account facility to states N126 million, refund of overpayments to the states N128 million, bringing the net inflow to N12.9 billion.

RelatedNews

Britain records ‘highest coronavirus death rate’ worldwide- Report

COVID-19: Nigeria acquires ultra cold freezers to store Pfizer vaccine

How Ex-Air Force chiefs diverted N3 billion paid to NAF by NIMASA – Witness

JUST IN: Presidency tackles Akeredolu over directive to herdsmen to vacate Ondo forests

The deputy governor, who declared N1.2 billion for the month of March as internally generated revenue, explained that the state government expended a total of N6.2 billion on salaries, contractual guarantees, subvention to tertiary institutions and ten per cent contribution to payment of primary school teachers.

He also said recurrent payment gulped N2.7 billion, while capital expenditure was N6.6 billion, adding that, the state government was left with a balance of N7.6 billion as at the end of April, 2018.

Earlier in his remarks, the Commissioner for Information and Orientation, Daniel Markson, emphasised the need for the public, particularly media practitioners to partner with government in driving the reform agenda in the public sector.

Dangote adbanner 728x90_2 (1)

While reaffirming the administration’s determination to sanitise the system with fairness, he assured that, government would provide succour to those, who would be affected by the exercise.

“I can’t imagine that we are still doing N4 billion in terms of monthly salaries in Bayelsa. We are even doing much more in terms of our wage bill. That is not sustainable so we need everybody’s hand to be on deck to clean up the payroll.

“It’s better we swallow the bitter pill today so that we safeguard the future of our children and the ones yet unborn. I believe very strongly most Bayelsans who are in the public service can do better outside the service as entrepreneurs.”

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (1)
premiumtimes



PT Mag Campaign AD

Previous Post

Ramadan to begin Thursday as Saudi moon observers sight no crescent

Next Post

FUOYE shut over students’ unrest

Press Release

Press Release

More News

Governor Douye Diri of Bayelsa State

Assembly denies impeachment plot against Bayelsa Gov

January 19, 2021
Godwin Obaseki

#EndSARS: Edo to offset medical bills of two hearing impaired persons – Official

January 19, 2021
Late Mr Udo Ekpenyong

Akwa Ibom PDP Chairman, Udo Ekpenyong, is dead

January 19, 2021
Late Mr Nnamnso Umoren

Veteran journalist, Nnamnso Umoren, dies at 68

January 19, 2021
Minister of Niger Delta Affairs, Godswill Akpabio.

NDDC: Akpabio denies giving $5million bribe to Malami

January 18, 2021
Kidnap suspects

After collecting N200,000 from victim, suspects deny kidnap plan

January 17, 2021
Next Post
Federal University, Oye-Ekiti

FUOYE shut over students’ unrest

Amit Sade is believed to be one of the suspects arrested by the Israeli police over bribing Nigerian officials.

INVESTIGATION: Inside a Multi-Million Dollar 'Defence Contract Fraud': Suspects arrested in Israel as Nigeria fails to act

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.