Bayelsa laments drop in federal allocation

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Daniels Igoni, YenagoaThe Bayelsa State Government on Monday lamented the decline in revenues accruing from the Federation Account, while announcing its income and expenditure profile for the m...

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The Bayelsa State Government on Monday lamented the decline in revenues accruing from the Federation Account, while announcing its income and expenditure profile for the months of August, September and October 2020.

Ebibai also noted that deductions from the Federation Allocation Accounts Committee was N1.7bn, comprising foreign loans to the state while the Federal Government recovery was N42.171m, restructured commercial loan N741.156m, among others. For September, the finance commissioner stated that N10.285bn was recorded as gross inflow, including statutory allocation of N2.981bn, derivation, N6.030bn and Value Added Tax N1.27bn.

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How many LGs has Bayelsa again?

Has he forgotten that it is oil prices in the international market that influence the amount of money his state gets from FAAC or does the state have any other thing that brings money?

Again no freedom until a slave agrees he's in slavery

Time to start thinking outside the box dullard

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