Bayelsa government declares N3.7 billion surplus for April 2019

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The Bayelsa State Government has declared a balance receipt of N3.7 billion as at April 2019.The state’s Deputy Governor, Rear Admiral Gboribiogha John Jonah (rtd), disclosed this yesterday while presenting the income and expenditure profile of the state for the month of March 2019 in Government House, Yenagoa. He said the state received N13.2 billion as gross inflows from the Federation Accounts Allocation Committee (FAAC.)

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He explained that the gross inflows include statutory allocation of N2.6 billion, derivation, N8.4 billion, foreign exchange equalisation, N1.3 billion and refund from other states, N57.5 million.Besides, the deputy governor said the first line deductions from FAAC stood at N1.5 billion, comprising bond deduction of N421.5 million and foreign loans to states N33.3 million.

Other components deducted at source, according to him, include commercial agricultural credit scheme N79.4 million, salary bailout to local councils N16.3 million, among others. Meanwhile, the state Commissioner for Information and Orientation, Mr. Daniel Iworiso-Markson said the government had done creditably well in rending itself accountable to the people.

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