Fidelity bank card banner Camano banner
Bayelsa declares all-time high IGR

By News Express on 14/06/2017

Views: 1,023

•Bayelsa Deputy Governor John Jonah.
•Bayelsa Deputy Governor John Jonah.

The Bayelsa State Government has for the first time, recorded N1.13 billion as its internally generated revenue (IGR) for the month of March 2017 as against N983 million declared in February, due to government’s aggressive drive to shore up revenue for the state.

Deputy Governor, Rear Admiral Gboribiogha John Jonah (Rtd), who announced this during the transparency briefing for the month of April, 2017 in Yenagoa, said the government is yet to receive the second tranche of the Paris club refund.

He noted that, the state government received N14.5 billion in November last year, out of the N21.168 billion due the state for the first tranche of the Paris Club refund.

The Deputy Governor, however, disclosed the receipt of additional N6.61 billion in the month of March, as the balance of the N21.168 billion, out of which N1.9 billion was released to the local government councils.

His words: “The Paris Club refund to states is not a gift from the Federal Government to pay salaries; it is state governments’ money that was deducted without consulting the states. At a meeting, it was decided that the money should be paid in two installments.

“A chart was drawn up and the entitlements of every state were written. But, the Federal Ministry of Finance and the Central Bank of Nigeria decided that, if that money was released to states for payment of salaries, there would be too much money in circulation. It was then decided the money would be paid in four installments, which is 25% at a time.

“When the first 25% was paid, Bayelsa State could have got N21.168 billion, but then, when the money came, they only released to us, N14.5 billion. The first tranche was supposed to have been N21.168 billion. But again, that N14.5 billion was not for the state government alone, because out of the amount, N1.3 billion was for the local government councils.  So, what actually came to the state government was the balance of N13.2 billion.”

Rear Admiral John Jonah, who noted that the state made significant improvement in the IGR in recent times, attributed the development to deliberate efforts to beef up the revenue base of the state.

The Deputy Governor explained that, though, the state experiences seasonal fluctuations in its IGR, he said, the government hopes to sustain its current drive, particularly in the area of wooing investors to increase the revenue.

Presenting the income and expenditure profile, he said, the state government was left with N7.3 billion as total funds available as at the end of April 2017.

Rear Admiral John Jonah said, out of the gross inflow of N11.6 billion, FAAC deductions gulped N1.5 billion, thereby bringing the net inflow to N10.4 billion.

Source News Express

Posted 14/06/2017 5:56:16 PM

 

 

CLASSIFIED ADS

 

You may also like...
Stop changing Bayelsa police commissioners, lawmakers tell IGP...

NNPC records N174.62bn petroleum products sales in March...

Rule of Law: Garba Shehu goofs on Sambo...

It will be a day of moderate dust...

Kogi Govt. releases N30 million for students’ bursary...

Haram kills 300 in Borno, wipes out 3...

Peace accord: Enugu State creates Aguikpa Oruku Autonomous...

Court clears way for arrest, prosecution of Babalakin...

5 First Bank top shots for prosecution over...

India to open 18 new embassies in Africa...

Ndume cannot change our resolution on Magu: Senate...

Commission promotes 260 senior police officers, IGP to...

 

Latest News Special Force detects location of missing aid workers, arrests Boko Haram Informants Okowa greets Ondo Governor Akeredolu at 63 Four killed over witchcraft allegations Pastor beaten in church by members COZA saga: Why we invited Timi, Busola Dakolo – Police Oyegun slams Oshiomhole: Stop disgracing APC, Edo NYSC to involve ICPC in mobilisation of Corps members Buhari shuns Aso Rock hospital Nigerian Army trains 259 officers on counter-terrorism operations Ministerial nomination in Akwa Ibom set to hit stalemate Buhari condemns killing of 37 villagers by cattle thieves Declare your assets too before dipping hands into LG funds – Suspended chairmen tell Gov. Dapo

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (510,892 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,813 views) Shameless Genevieve Nnaji exposes breasts in public (373,866 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,983 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,760 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,387 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,587 views) 10 cars more expensive than Jets (224,469 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,458 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (209,029 views) Lagos plane crash: Journalist releases victims’ names (188,580 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (187,165 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,359) Business Verdict (76) Columnists (1,075) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (636) Features (781) Global Business Monitor (396) ICT Monitor (54) International (3,734) Interview (194) Live Commentary (30) Love Matters (164) Maggie's Blog (342) News (48,904) Opinion (1,293) Pidgin (17) Politics (11,177) Religion (1,052) Sports (2,106) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera