Bayelsa Govt: How We Utilised March Federal Allocation

0
John Jonah

Emmanuel Addeh in Yenagoa

The Bayelsa State Government Thursday explained how it spent money for the federal allocation to the state as well as other sources, declaring that a balance receipt of N3.7 billion was left as at April 2019.

The state Deputy Governor, Rear Admiral John Jonah (rtd), who spoke while presenting the income and expenditure profile of the state for the month of March 2019 in the Government House, Yenagoa, said the state received N13.2 billion as gross inflow from the Federation Accounts Allocation Committee (FAAC) for the month under review.

He explained that the gross inflow included a statutory allocation of N2.6 billion, derivation of N8.4 billion, foreign exchange equalisation, N1.3 billion and refund from other states amounting to N57.5 million.

Jonah said the first line deductions from FAAC stood at N1.5 billion comprising bond deduction of N421.5 million and foreign loans to states of N33.3 million.

Other components deducted at source, he said, included Commercial Agricultural Credit Scheme N79.4 million; salary bailout to local government councils N16.3 million; excess crude account loan facility to states N126.6 million and restructured commercial bank loan of N741 million.

He noted that the net inflow from FAAC in addition to the gross inflow, excluding the first line deductions left a balance of N11.7 billion.

The deputy governor said other receipts included Internally Generated Revenue (IGR) for February 2019, which amounted to N739 million; Paris Club refund of N16 billion; funds from other sources N500 million and refunds from the local government bailout N16.3 million.

Total receipts, according to him, amounted to N16.8 billion, while total receipts from net inflow from FAAC was N28.5 billion.

On the outflows, Jonah said bank loans and contractual guarantees gulped N3.2 billion; salaries for civil servants for the month of March 2019 was N2.8 billion while that of political appointees came up to N416.7 million.

According to him, other expenditures included salary grant for tertiary institutions N630 million; 10 percent contribution to primary school teachers N47.6 million; transfer from local government Paris Club refund N1.2 billion as well as salary for civil servants for the months of April and May 2019 N4.3 billion.

The deputy governor, who put the total payment at N16.6billion, said recurrent and capital payments stood at N13.5billion.

Earlier in his remarks, the state Commissioner for Information and Orientation, Mr. Daniel Iworiso-Markson, had said the government has done creditably in rendering account to the people.