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Bayelsa government gets N15.20bn for February, paid contractors N10.4bn

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Governor Seriake Dickson of Bayelsa.

Bayelsa State Government yesterday confirmed the gross inflow to the state from the Federation Allocation Account (FAAC) in February including statutory receipt of N2.9bn and derivation of N10.4bn totaling N15.20bn.

The state’s deputy governor, John Jonah, who disclosed this at a transparency briefing, also announced that the state paid N10.4bn in February and March to contractors handling various capital projects across the state.

Speaking on the monthly inflow, he said after N1.6bn frontline deductions from FAAC, the net inflow amounted to N13.3bn but increased to N15.1bn with the inclusion of the Internally- Generated Revenue (IGR) of N1.7bn.

The government spent N5.9bn to offset other expenses such as salaries of civil servants N2.9bn, salaries of political appointees N301.2m; grants to tertiary institutions N630m and restructured bank loans N1.7bn.

He said of the balance of N9.1bn, recurrent expenditures gulped N3.3bn while the capital payment amounted to N4.2bn leaving a balance of N1.5bn.


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