Bayelsa Declares over N2B balance at Monthly Transparency Briefing ...Gov Dickson expresses worry over dwindling revenues

Create: 08/30/2015 - 18:30

The Bayelsa State Government has declared a balance of N2.8 billion as at the end of July 2015.

The Bayelsa State Government has declared a balance of N2.8 billion as at the end of July 2015.

Governor Seriake Dickson, who made the declaration at the monthly transparency media briefing for the month of July, 2015 expressed concern that, revenue from the federation account has dropped drastically from N18 billion in 2012 to about N9 billion.

Noting that the state has fallen short of its contractual obligations in view of declining crude oil prices at the international market, the Governor said the price of oil may not rise above 40 dollars per barrel and therefore, urged the people to show some understanding.

Presenting the income and expenditure profile for the month of July, 2015, Governor Dickson said, the state received a gross inflow of N9.3 billion, comprising statutory allocation of N2.5 billion, derivation N5.9 billion, Value Added Tax N590.9 million, while exchange differentials to Bayelsa stood at N179.9 million.

On outflow, he explained that, total deductions at source came up to N1.5 billion, leaving a balance of about N7.8 billion, noting that, internally generated revenue has improved from N60 million, when he assumed office in 2012 to about N628 million in the month of July 2015.

While expressing the Government’s determination to embark on aggressive revenue drive for development purposes, the Governor pointed out that, in developed countries, taxation remains one of the major sources of revenue.

On expenditure, Governor Dickson said salaries for civil servants gulped N4.4 billion, while that of political appointees stood at N436 million, monthly overhead N540 million, in addition to inherited liabilities of N2.1 billion.

Speaking during the Executive Interactive Session of the Nigerian Guild Editors Conference, the Rivers State Governor, Chief Nyesom Wike represented by the Head of Service of the State, Barr. Rufus Godwins described the transparency briefing initiative of Bayelsa State as rare in African countries.

Governor Wike, who urged every state to borrow a leaf from Bayelsa’s transparency and accountability style of leadership, noted that Rivers State also has introduced a platform, where stakeholders engage the people on issues affecting them.

Commenting on the theme of the conference, “Nigeria, The Change we Need: the Role of The Editor,” the Rivers State Governor underscored the need for media practitioners to strictly adhere to their professional code of conduct to serve the society better.

Daniel Iworiso-Markson

Chief Press Secretary to the Governor of Bayelsa State