Fidelity bank banner Bayelsa State banner
Bayelsa declares N889 million deficit balance for June; set to kick-off model boarding schools

By News Express on 30/08/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,042


The Bayelsa State Government on Tuesday declared a deficit of N889 million for the month of June, 2016 out of a net inflow of N4.4 billion from the Federation Accounts Allocation Committee, (FAAC).

Presenting the income and expenditure profile for the state in his office in Government House, Yenagoa, the Deputy Governor, Rear Admiral Gboribiogha John Jonah (Rtd), said Bayelsa received the sum of N6.8 billion as gross inflow for the month.
The amount, according to him, include, statutory allocation of N1.3 billion, derivation N3 billion, Value Added Tax N575, exchange differential of N62 million, ESCROW Account N230 million, refund from Rivers State N57 million, while budget support, which is a Federal Government loan to states stood at N1.4 billion.
On FAAC deductions totaling N2.3 billion, the Deputy Governor noted that, bond deduction gulped N1.2 billion, foreign loans N21 million, commercial agricultural loan schemes, 1 and 11 came up to N102 million, re-structured loan facility N741 million, salary bailout N16 million and Excess Crude Account loan facility N126 million.
Rear Admiral John Jonah said, there was an improvement in the Internally Generated Revenue for May, which is N719 million, a difference of about N202 million as the state recorded an IGR of N517 million from the previous month.
He also announced a total outflow of N2.9 billion, comprising bank loan repayment of N1.2 billion, civil servants salary N1.5 billion, political appointees N120 million, adding that, actual recurrent payments stood at N1.1 billion, while that of capital payments for the month was N2.04 billion.
The Deputy Governor, who threw some insight into the state of the model boarding secondary schools, explained that, efforts are on-going, to ensure their take-off within the year.
He pointed out that, the present administration would constitute governing committees for all the schools in the 8 local government areas of the state to make for their effective management.
•Photo shows Bayelsa Deputy Governor John Jonah.

Source News Express

Posted 30/08/2016 9:58:34 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Cross River to recover N104m debt from cocoa...

Lagos State Government presents 100 vehicles for traditional...

Court orders interim forfeiture of N329m, houses belonging...

Franchise and Social Media: Choosing the Best Platform...

$2b modular refinery for Edo

4.2m Nigerians benefit from UNFPA’s humanitarian services

FG partners AfDB on youth employment

PDP Senators deny impeachment plot against Buhari

Agony of a father: Jide ‘was a highly...

GOC charges troops on equipment maintenance

Col. Inusa’s abduction, murder a reminder of Gen....

'90 percent of cargo are under-declared at Nigerian...

 

Latest News Odili a blessing to Nigeria and to humanity — Peter Obi •Also hails Wike Aggrieved Senators collect signatures for Saraki’s impeachment Over 17,000 intending pilgrims stranded in Nigeria, may miss 2018 hajj Leaked Memo: US-based lawyer writes Osinbajo, seeks probe of IGP and VP’s offices Alleged Forgery: Police summon Senator Adeleke, Timi of Ede Nine governors to mark last Sallah in office Nigerian Army to conduct shooting exercise, warns Kaduna residents to keep off N17b bond: EFCC probes Saraki, Kwara Governor, AG Why I killed my mistress, 14-year-old girl confesses Ugwuanyi moves to complete Enugu International Conference Centre Inspiring story of Nigerian aircraft cleaner who became a pilot and how he achieved it Harvest of death in Borno IDP Camp

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,196 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,934 views) Shameless Genevieve Nnaji exposes breasts in public (296,663 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,139 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,037 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,321 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,802 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,986 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,803 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,582 views) Lagos plane crash: Journalist releases victims’ names (152,911 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,202 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,460) Business Verdict (48) Columnists (911) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (637) Global Business Monitor (295) International (2,276) Interview (162) Live Commentary (28) Love Matters (134) News (38,112) Opinion (1,060) Pidgin (11) Politics (6,078) Religion (823) Sports (1,648) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement