Niger Delta
Drop In Federal Allocation May Hit Delta – Gov
Delta State Governor, Dr. Emmanuel Uduaghan has hinted that the state 2011 budget might drop lower than the current fiscal year due to fall in funds accruing to the state.
Uduaghan, who disclosed this while declaring open a budget retreat for the pre-year 2011, said fund coming to the state has drastically reduced.
He said the dwindling fund was as a result of a drop in oil production explaining that instead of the target of 500,000 barrels a day the state was producing 150,000 barrels a day.
“The funding of this year’s budget was reduced as a result of the damage to oil pipelines during the May 13th Crisis in the oil producing areas of the state.
“We are trying to develop a non-oil economy because with the current revenue that we have we may not be able to create the enabling environment to achieve our mission”, he said.
He concluded that the revenue from oil production in the state dropped from 35% to 19% due to the crisis, but the state repaired the damaged pipelines and was targeting to hit 500,000 barrels of oil per day.
The governor vowed to continue to pursue his programme of developing the state without oil even as he explained that depending on oil alone at this stage of the nation’s history will be counter production.
Charging all departments in the state to embank on aggressive revenue drive, he promised to ensure sever efinancial discipline and financial management in all departments in the state.
Uduaghan said his administration was committed to building an enabling environment for a non-oil producing economy and has improved on the welfare of Deltans through the micro-credit scheme.
He said he has also improved transport system, free health care facilities for pregnant mothers and children below 5 years and free examination fees for SS3 students.
“These are some of the things we are doing to develop our state.
Our future is very bright, if we manage our funds properly, we will get to our destination,” he said.
Niger Delta
Tompolo’s Visit To Bayelsa Bothers Coalition … As Stakeholders Want Security Checks
Niger Delta
Bayelsa Lauds WHO, Others Over Support For Healthcare … Flags-Off Statewide Immunization
Niger Delta
Oborevwori Seeks Private Sector Partnership In Security … As Delta Launches Security Trust Fund
-
News4 days ago
Germany Promises Continued Support For Nigeria’s Anti-terrorism Fight
-
Business23 hours agoNDDC Unveils Naval Facilities To Boost Region’s Security
-
News24 hours agoRIVERS PEACE EFFORTS YIELDING RESULTS, SAYS FUBARA ….Promises Rehabilitation Of Internal Roads, GSS Akabuka
-
Sports23 hours ago“Nigeria will go to World Cup”
-
Niger Delta24 hours ago
Partnership With Security Chiefs’ Excites Ogbuku … As NDDC Unveils Naval Outpost In Bayelsa
-
News23 hours agoN’Assembly Committee Approves New State ForS’East
-
News4 days agoEFCC Arrests 792 Suspects In Investment, Crypto Fraud Crackdown
-
Maritime23 hours agoNIWA Launches Operations To Tackle Water Hyacinth Menace
