FG credit Bayelsa with N14.5bn repayment

By Samuel Tombra, Yenagoa

Bayelsa State has acknowledged receipt of N14.5billion from the Federal Government following excess deductions from state’s allocations for repayment of Paris and London Club debt.

A statement from Commissioner for Finance, Mr. Maxwell Ebiabai, said the disclosure was in line with the policy thrust of Dickson’s administration regarding incomes and expenditures of the state.

He said: “This is one way to show accountability and to dispel rumors, half truths and outright falsehood that is usually dished out to confuse and incite unsuspecting Bayelsans.

“Therefore, we want to make public that the state government ?has received the sum of fourteen billion five hundred million naira (#14,500,000,000.00) only ?in respect of excess deduction from the state allocation by the federal government for the repayment of Paris and London club debt”.

Ebiabai said already the governor directed that half of the money should be used to pay pensioners and full salaries for October and November.

“This decision is because the governor and the restoration government acknowledges and appreciate the sacrifices of civil servants and highly commend them for their understanding and patience with the government in these trying times.

“As a responsible government, we thought it expedient to bring to the knowledge of the people of the state the current financial status as the government considers it appropriate to inform the people receipt of these refund.

“Furthermore, we urge all civil servants and our people to continue to show support as we move into the new year full of expectations for both the civil service and the entire people of Bayelsa state”, he said.

Facebook Comments

Check Also

World Cup: Lagos Government commends residents conduct at Viewing Centres

The Lagos State Government has commended residents for their good conduct at the eight World ...

Ekiti election is a triumph of peoples’ will