Nigeria: Bayelsa govt declares balance surplus of N18.564 billion for October
Yenagoa, Dec. 12, 2018 (AltAfrica)-Gboribiogha Jonah, the Bayelsa State Deputy Governor, has disclosed that the state government recorded a balance surplus of N18.564billion as at October 31, 2018.
Jonah made the disclosure during the monthly income and expenditure briefing for the month of October at the Government House, Yenagoa.
According to him, the state government received total receipts of N38.300billion for the month under review, which included N13.55billion as net inflow from the Federation Account; N24.162billion from the Paris Club debt refund and N16.275million as refund from bailout fund to the local government councils, while internally generated revenue for September stood at N1.66billion.
Jonah said that total deductions by Federation Accounts Allocation Committee (FAAC) stood at N1.614billion while recurrent expenditure was N3.660billion with N4.351billon as capital payment.
He also stated that the government expended the sum of N2.791billion for civil servants’ salaries and N393.119million as political appointees’ salaries in October.
Jonah further said the government also paid the March 2016 salary arrears of the state’s workforce totaling N4.18billion while the balance payment of half salaries for June was N1.951billion and N1.962billion for July of the same year, among other expenditures.
The deputy governor restated the commitment of the government to pay the wages of workers and pensioners, stressing that the government takes the welfare of its workforce seriously.
Earlier in his remarks, Daniel Iworiso-Markson, the Commissioner for Information and Orientation, had noted that the Governor Seriake Dickson-led administration had since inception in 2012 maintained its tradition of transparency and accountability in governance.
He expressed optimism that the transparency policy of the government would be continued by succeeding administrations as a legacy because it was backed by law.
Iworiso-Markson also emphasised the need for local government councils to also organise monthly transparency briefings to deepen good governance and accountability for the benefit of rural dwellers.