Tuesday 13 August 2013
Sunday 21 July 2013
DICKSON SIGNS BHSS BILL INTO LAW, RELEASES N500M TAKE OFF GRANT
BAYELSA CAN'T SUSTAIN N4.3BN MONTHLY WAGE BILL --- Gov Seriake Dickson
The Bayelsa State Governor stated this on Friday.
Governor Seriake Dickson of Bayelsa State has said the state government’s wage bill of N4.3 billion for June was too much and unsustainable.
The governor stated this when he presented the financial profile of the state for June at the monthly transparency media briefing on Friday in Yenagoa.
According to him, expending N4.3 billion on workers’ salaries is unsustainable for the economy of Bayelsa.
He said that the state government’s wage bills “over the months remain a sour point in our financial balance sheet’’.
“I disagree with this figure of N4.3billion because it is not sustainable for our economy.
“We must come together and do something urgently to reduce this figure. We have to do something if we must grow our economy,’’ Mr. Dickson said.
The governor said that N2.6 billion was received by the state government as statutory allocation from the federation account for the month of June.
He said the total derivation of the state was N9.39 billion, and that the total financial inflow to the state stood at N19.09 billion.
Mr. Dickson further explained that while the state government had continued to spend huge amount of money to run the government, the internally-generated revenue (IGR) remained minimal. He said the IGR of the state for the month of June was N645.39million.
“While we complain of the huge burden of our workers’ salary, our internal-generated revenue had remained poor; we must strive to improve it,’’ he said.
He said the government had in the past one month spent N250 million on payment of money owed retired civil servants by the previous administration.
Mr. Dickson said that after making all the payments and deductions, N25.26 billion was left in the coffers of the state as balance at hand.
(NAN
PHOTO NEWS: MBGN – MOST BEAUTIFUL GIRL IN NIGERIA 2013 In Bayelsa State
Bayelsa State Governor, Hon. Seriake Dickson (centre) speaking during the 26th edition of the Most Beautiful Girl in Nigeria Pageant in Yenagoa, while the Minister of Culture, High Chief Edem Duke (left) and the Chairman of Silverbird Group, Mr. Ben Murray-Bruce (right) look on.
Governor of Bayelsa State, Hon. Seriake Dickson (left) congratulating Miss. Anna Ebiere Banner (right) shortly after she emerged winner of the 26th edition of the Most Beautiful Girl in Nigeria Pageant in Yenagoa.
Bayelsa State Governor, Hon. Seriake Dickson (centre) presenting a souvenir to the winner of the 26th edition of the Most Beautiful Girl in Nigeria Pageant Miss. Anna Ebiere Banner (right) in Yenagoa, while the Minister of Culture, High Chief Edem Duke (left) looks on.
Saturday 20 July 2013
BAYELSA GOVT POSTS N25.3BN BALANCE AT THE END OF JUNE …..AS GOV DICKSON EXPRESSES CONCERN OVER RECURRENT EXPENDITURE
Bayelsa state Government posted the sum of N25.3 billion as balance as at the end of June, 2013. This includes the balance from the monthly allocation from Federation Account for the month of June, SURE-P of N10.8bn, and balance after deduction of recurrent and capital expenditure which stood at N13.5bn.
Disclosing this during the presentation of the 14th edition of the Monthly Transparency press briefing in Yenagoa, Governor Seriake Dickson said the total inflow for last month amounted to N19.1 billion comprising statutory allocation of N2.6 billion, derivation N9.4 billion and Augmentation N5.02 billion.
Other components of the inflow, according to the Governor include, subsidy Reinvestment and Empowerment Programme (SURE-P), N1.1 billion; VAT N811 million with an NNPC refund of N233m.
Hon. Dickson said total FAAC deductions for the period which included bond, foreign loans, refund on overpayment and commercial agricultural credit scheme amounted to N1.9 billion bringing the Net Inflow from FAAC to N17.2 billion.
Giving further insight into the financial position of the state, the Bayelsa State Governor announced a total outflow of N10.8 billion.
Out of this amount, he said Civil Servants salaries gulped over N4 billion, salaries of political appointees – N555 million, bank loan repayment – N2.4 billion and monthly overhead payment – N1.2 billion.
The outflows also comprised monthly standing approvals of N316 million, transfer to Gratuity Account N250 million with cost for collection of internally generated revenue (IGR) put at N32 million.
Governor Dickson posted N645 million as IGR receipt for the month of May, which he described as abysmally low and incapable of sustaining the much desired growth and development of the state.
He said total payment to contractors between May and June, 2013 yanked off over N12 billion from the capital fund Account.
Meanwhile, Governor Dickson has expressed concern over the State OF re-current expenditure, stressing the need for active participation of the Organized Private Sector
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