Fidelity bank banner UBA banner
Dickson signs N243.2b 2017 Bayelsa Appropriation Bill into law

By News Express on 17/04/2017

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

Views: 671

•Governor Dickson.
•Governor Dickson.

Bayelsa State Governor, Hon. Seriake Dickson, has signed the 2017 Appropriation Budget of N243.2 billion and the Educational Development Trust Fund Amendment Bills into law.

Assenting to the two bills in Government House, Yenagoa, on Monday, Dickson said the budget, which is christened “Budget of repositioning for Consolidation” was aimed at completing various on-going projects in the state.

The Governor noted that the government appropriated N111 billion for capital projects alone. He called on Ministries, Departments and Agencies (MDAs) to ensure strict implementation of the budget and fast track the processes of award of contracts, as his administration was committed to completing most of the projects and programmes this year.

Dickson, who explained that recurrent expenditures such as salaries, pensions, gratuities and overhead would gulp the remaining balance of the budget estimate, assured that the government would conform strictly to the budget.

While commending workers in the state for their understanding and patience, he said the government was working out modalities on the payment of the back log of salary arrears owed workers, last year.

On the Educational Development Trust Fund, the Dickson explained that, certain aspects of the law needed to be amended to include, elevation of the qualification of the secretary of the board to the level of a Director in the public service.

According to him, the secretary is expected to provide international liaison with the board as well as incorporate representatives of organised labour on the board.

Presenting the bills, Speaker of the State House of Assembly, Rt. Hon. Benson Konbowei, said out of the N243.2 billion, total personnel expenditure, including gratuities and pensions came up to N52.5 billion.

He also noted that, consolidated revenue funds stood at N14 million, bringing the total to N66.7 billion.

Rt. Hon. Konbowei announced N40.8 billion as overhead costs, while N24 billion would be spent as Cash on Transfer, COT, Value Added Tax, VAT deductions and other financial consultancy services.

He said N88.1 billion would be expended for capital expenditure while other aspects of capital project funds is N23 billion, bringing the total to over N111 billion.

Source News Express

Posted 17/04/2017 9:10:27 PM

 

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


 

CLASSIFIED ADS

 

You may also like...
Incredible but true: AMERICA RUNNING OUT OF MONEY...

Extremists kill 15 soldiers, injure 19 others

Fire razes 22 shops in Kano

And the DSS struck and arrested the Judges...

Lassa Fever: PDP blames FG over Abia doctor’s...

Update: Mandela’s body moved, funeral to break world...

Banks welcome CBN directive to accept cheques into...

Akpabio, Uduaghan, others bag awards

WAEC withholds results of candidates sponsored by 13...

Premier League champions Leicester City sack manager

Nigerian businessman killed in South Africa

EFCC guilty of budgetary abuse: Senate •Anti-graft agency...

 

Latest News BREAKING NEWS: Ex-Head of State Ernest Shonekan reported dead Senate rejects inclusion of South East reps in Security Council Buhari support group accuses three governors of sabotage University don commits suicide in Benue Army Chief announces Operation Crocodile Smile III, states objectives Outcry over alleged imposition of the son of Aisha Buhari’s aide as APC candidate Military gives militia December to vacate Benue, Taraba, Nasarawa 2019: Picking Peter Obi will not make Yorubas vote against Atiku — Ajulo Court grants SERAP leave to compel Fashola over ‘N900bn spent on power privatisation’ 2019: Anambra leaders, Ohanaeze assure Atiku of South East support Release of looters’ list didn’t violate rights: Court Kaduna crisis: 24 hours curfew relaxed in parts of metropolis

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (409,384 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,831 views) Shameless Genevieve Nnaji exposes breasts in public (316,254 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (260,061 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,615 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (225,056 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (205,007 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,442 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,320 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,463 views) Lagos plane crash: Journalist releases victims’ names (162,152 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,821 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,708) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (305) International (2,568) Interview (165) Live Commentary (28) Love Matters (145) News (39,858) Opinion (1,127) Pidgin (13) Politics (7,372) Religion (885) Sports (1,740) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement