Bayelsa’s Cost Of Governance Gulped N2.6b In August

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Yenagoa- Maxwell Ebibai, the Bayelsa State Commissioner for Finance, said the state government spent a total sum of N2.6billion to run government in the month of August, 2019.

He disclosed this during the monthly income and expenditure briefing for the month of August 2019 at the Treasury Building in Yenagoa on Tuesday.

Ebibai said, “If you see the presentation, we treated salaries separately. The N2.6b is the cost of running government and the first part of cost of running government is overheads. You total the overheads; all the trips we make around; all the seminars.

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“I know that my colleagues in the Ministry of Finance and all the accountants in the state attended ICAN and ANAN conferences; lawyers attended NBA conference. All those things cost money. So, that’s the cost of running government.

“I’m not saying the accountants (and the lawyers) spent that money but I’m only giving an example. So, those are the things that come into running government.”

He said the state recorded a total inflow of N14.5b in August from the federation account, comprising statutory allocation of N3.5b and derivation N8.6b, among others.

Ebibai also announced that the total deductions at source from the federation account stood at N1.1b while the net receipts for the month was N13.4b

The finance commissioner said other receipts for August included internally generated (IGR) of N882million, refund from other sources N1.5b and local government bailout funds of N16.3m, bringing the total receipts for August to N15.7b.

According to him, the Bayelsa State government made a total payment of N7.4b, leaving a net balance of N8.3b.

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Ebibai added that capital payments gulped N5.5b while N401m was the balance in the coffers of the government as at the end of August, 2019.

Earlier in his welcome address, the Commissioner of Information and Orientation, Daniel Iworiso- Markson said the Restoration Government had consistently made public disclosure of income and expenditure on monthly basis since its inception in 2012 following the signing into law the Transparency Bill.

He said the transparency briefing remained a lasting legacy of the present administration, claiming that Bayelsa was the only state in the federation to adopt the policy and backed it with a law.

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