Bayelsa got N3.5 billion federal allocation in July - Commissioner

ITRealms:

The Bayelsa State government has clarified that it received the sum of N3.5 billion from the federal allocation for the month of July, according to the State Commissioner for Information and Orientation, Jonathan Obuebite, said on Tuesday, ITRealms.

Reacting to what the government described as different figures being peddled by "uninformed persons within and outside Bayelsa State," Obuebite said this clarification become imperative with regards to 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."

"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,” he said.

Obuebite pointed that while acknowledging 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."

            FAAC Allocation to Bayelsa State for July 2016

       SOURCE                                                AMOUNT

1. Statutory Allocation                                N2, 310,274,788.13

2. 13 percent derivation                             N3, 126,869,735.56  

3. Value Added Tax                                    N609, 108,530.22     

4. Exchange Gain                                       N1, 189,970,982.76      

                                                                    

GROSS   TOTAL                                        N7, 236,224,036.67   

  

5. FAAC Deductions                                   N2, 308, 843,297.75

6. Net FAAC Receipt                                 N4, 927,380,738.92

7. Debt Service                                           N1, 424,558,256.26

 NET    TOTAL                                      N3, 502,822,482.66                       

The statement reads further: "Our sincere hope is 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 is therefore calling on ASUU to for the sake of our children, 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.

"It is on this backdrop that His Excellency, Governor Henry Seriake Dickson, has directed the payment of June salaries in addition to outstanding January 2016 arrears including that of pensioners."

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