Niger Delta
Dickson Signs 2017 Appropriation Bill Into Law
Bayelsa State Government is to spend a total of N24 billion as Cash on Transfer, (COT), Value Added Tax, VAT deductions and other financial consultancy services out of N243.2 billion the House of Assembly approved as appropriation bill.
Presenting the bill to State Governor for assent, Speaker of the State House of Assembly, Rt. Hon. Benson Konbowei said out of the N243.2 billion, total personnel expenditure, including gratuities and pensions came up to N52.5 billion.
He also noted that, consolidated revenue funds stood at N14 million, bringing the total to N66.7 billion, while N40.8 billion will cover overhead costs,
N88. 1 billion would be expended for capital expenditure while other aspects of capital project funds is N23 billion, bringing the total to over N111 billion.
Assenting to the two bills in Government House, Yenagoa, Governor Seriake Dickson said the budget, which is christened, “Budget of Repositioning for Consolidation” was aimed at completing various on-going projects in the state.
The governor, who noted that, the government appropriated N111 billion for capital projects alone, called on ministries, departments and agencies to ensure strict implementation of the budget and fast- track the processes of award of contracts, as his administration was committed to completing most of the projects and programmes this year.
Governor Dickson, explained that reccurrent expenditures such as salaries, pensions, gratuities and overhead would gulp the remaining balance of the budget estimate and assured that the government would conform strictly to the budget.
While commending workers in the state for their understanding and patience, he said the government was working out modalities for the payment of the back log of salary arrears owed workers, last year.
On the Educational Development Trust Fund, Governor Dickson explained that certain aspects of the law needed to be amended to include, elevation of the qualification of the secretary of the board to the level of a Director in the public service.
According to him, the secretary is expected to provide international liaison with the board as well as incorporate representatives of organized labour on the board.
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