Bayelsa Reduces Wage Bill By N1bn

Bayelsa State
Governor Seriake Dikson, at the weekend said his administration has so far reduced the state’s wage bill by N1 billion.
He said this was achieved through introduction of various reforms and verifications to tackle payroll fraud in the civil service that yielded results.
Dickson disclosed that the state received N9.7 billion from the Federation Account Allocation Committee (FAAC), in December, 2016.
He said the development was in line with his administration’s policy of transparency, prudence and accountability.
While giving a break-down of the figure in Yenagoa, the State capital, the governor explained that out of the money, N1.16 billion would come from statutory allocation, N3.2 billion from 13 per cent derivation, N699 million, Value Added Tax (VAT), and N2.4 billion Petroleum Profit Tax (PPT).
Other sources were budget support to states, N1.111 billion, foreign exchange differential, N1.2 billion and refunds on over payment, N57.5 million.
Dickson said that N2.3 billion was deducted at source by FAAC to service bond obligation, foreign loans, commercial agriculture credit scheme I and II and salary bailouts to states.
He 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, however, ordered for the 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 allocation to the state.