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Sunday, January 29, 2017

My Administration have reduced Bayelsa wage bill by N1bn, says Dickson

The Bayelsa State governor, Mr. Seriake Dickson, at the weekend, said his administration had so far reduced the state’s wage bill by N1bn.
Dickson said various reforms and verifications he introduced to tackle payroll fraud in the civil service yielded the result.
He also said the state received N9.7bn from the Federation Account Allocation Committee (FAAC) in December 2016.
He said that the disclosure was in line with his administration’s policy of transparency, prudence and accountability.
Breaking down the figure in Yenagoa, the state capital, the governor explained that out of the money, N1.16bn came from statutory allocation, N3.2bn from 13% derivation; N699million, Value Added Tax (VAT) and N2.4bn Petroleum Profit Tax (PPT).
Other sources were budget support to state, N1.111bn, foreign exchange differential, N1.2bn and refunds on overpayment, N57.5million.
Dickson said that N2.3bn was deducted at source by FAAC to service bond obligation, foreign loans, commercial agriculture credit scheme 1 and 2 and salary bailouts to state.
The governor added that the government was servicing the loan it obtained for the construction of the multi-billion naira cargo airport, which he said would be of immense benefit to the economic growth of the state.
Dickson ordered full payment of January salary with immediate effect but lamented that despite increase in crude oil price in November and December, there was no reflections in allocations to the state.
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