Bayelsa Got N3.5 bn Federal Allocation in July – Commissioner

Tue, Jul 26, 2016
By publisher
2 MIN READ

BREAKING NEWS, Politics

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CONTRARY to insinuations, Bayelsa State government received N3.5 billion from the federal allocation for the month of July, Jonathan Obuebite, State Commissioner for Information and Orientation, said on Tuesday.

He was reacting to what the government described as different figures being  peddled by “uninformed persons within and outside Bayelsa State”, regarding the allocation received from the Federal Accounts Allocation Committee, FAAC, for the month of July 2016.

The Commissioner in a Government House statement issued in Yenagoa, said Governor Henry Seriake Dickson, “has directed the payment of June salaries in addition to outstanding January 2016 arrears including that of pensioners.”

He said: “The amount being dished out by the mischief-makers which ranges from N10 billion to N19 billion, is all aimed at giving the impression that the government now has a lot of money at its disposal to clear all outstanding salaries and pensions.

“While we acknowledge that there has been a sharp increase from the latest allocation as compared to previous months especially for this year we want to for the benefit of hindsight make public the authentic details of the amount from the various sources.”

SOURCE AMOUNT
1.    Statutory Allocation

2.   13 percent derivation

3.   Value Added Tax

4.   Exchange Gain

      GROSS TOTAL

 

5.   FAAC Deductions

6.   N4, 927,380,738.92

7.   Debt Service

      NET TOTAL

N2, 310,274,788.13

N3, 126,869,735.56

N609, 108,530.22

N1, 189,970,982.76

N7, 236,224,036.67

 

N2, 308, 843,297.75

Net FAAC Receipt

N1, 424,558,256.26

N3, 502,822,482.66

The statement expressed the hope that “this will put to rest the rumours and lies about the issue. We advise Bayelsans to always be sure of what they hear especially on social media before accepting it hook, line, and sinker as true. The dedicated website www.bayelsawatch.org is also up and running to provide all financial information about Bayelsa State Government.

“Findings show that all these mis-information are being generated and spread out by the opposition and enemies of the state who only show up with tantrums and not solutions or prayers for the well being of the state”.

The government urged ASUU to for the sake of our children to call off the strike and resume classes as the government is still committed in giving Bayelsans the best of education even in the face of the dwindling economic crisis.

—  Jul 26, 2016 @ 18:50 GMT

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