The Bayelsa Government on Thursday announced a total of N13.2 billion gross inflow from the Federation Accounts Allocation Committee (FAAC).
The Deputy Governor, Rear Admiral Gboribiogha Jonah (Rtd), disclosed this in Yenagoa during the state’s monthly transparency briefing on income and expenditure for March 2019.
Giving account of the income and expenditure profile of the state for the month of March, he announced that the statutory allocation stood at over N2.6 billion.
This, according to the deputy governor, includes 13% derivation of over N8bn, statutory allocation of N2.6bn and refunds from other states N57 million. He said the total FAAC deductions gulped N1.5bn, comprising Excess Crude Account, Facility of N128 million and commercial agriculture credit scheme of over N79 million.
Jonah, however, said the IGR for the month of February was about N739 million. (NAN)
“On outflow, we have total of N3.2billion of bank loans of N2.8bn, salaries of civil servants and political appointees N4bn, and grant to tertiary institutions, N630 million,’’ the deputy governor explained. (NAN)
