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Comissioner Defends Bayelsa’s N17bn Loan Facility

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Bayelsa State Government says the N17 billion facility it is processing is to boost the state’s economy through the development of its agricultural sector, create jobs and raise its internally generated revenue profile.
The Commissioner for Finance, Mr. Maxwell Ebibai, stated this while reacting to questions from journalists after rendering the statement of accounts for the income and expenditure of the state for August, September and October 2020.
According to the Finance Commissioner, “we decided to approach the State House of Assembly for approval to collect the facility for the purpose of developing our palm oil and our other agricultural potential.
“The Bayelsa government is not collecting N17 billion to spend on recurrent expenditure. Rather our citizens involved in commercial agriculture would benefit from it and the process would also generate employment for our people and boost our revenue too”, he said.
While noting that the money is yet to be collected, Mr Ebibai explained that the N17billion facility was in three parts: N10billion from the Central Bank of Nigeria, with flexible repayment terms, and that the facility was open to all states in the country.
He said the N4billion was a  Sustainable Development Goals (SDG) counterpart fund, which would be deployed into fixing some of the state’s road infrastructure, provision of potable water, rehabilitation of schools and primary healthcare facilities; and lastly the N3billion is a revolving temporary credit facility, with a 12-month tenor to fund financing gap whenever there is a shortfall in monthly revenue accruing to the state.
He pointed out that in recent times there had been a sharp decline in revenues from the Federation Account to the state as a result of statutory deductions, which had impacted the state’s economy negatively.
Ebibai maintained that it was necessary to obtain the loan in order to make up the gap in the event of revenues falling below a certain threshold to enable the state manage its economy.
“We are aware that the national economy has gone into another recession. Invariably, if the economy is bad, you can do things to reflate it and put money in the hands of the people”, Ebibai noted.
He further stated that the loan and debt profile of the state is not hidden as it is published on the Federal Government’s Debt Management Office website for anyone to see and that through the transparency briefings, the government declared the income and expenditure of the state regularly.
“The loan profile of the Bayelsa State Government is there on the Debt Management Office (DMO) website. You will see the breakdown of the loans and what they were used for. You have the full details and the public document is there”, he added.
He contended that it was government’s responsibility to do what it considerd to be in the best interest of the people by being responsive to situations in averting financial crisis.
“The steps we are taking show that the government of Senator Douye Diri is thinking ahead, envisaging situations and responding to them even before they arise,” the commissioner said.

 

By: Ariwera Ibibo-Howells, Yenagoa

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Niger Delta

Okpanam-Ibusa Isheagu-Ewulu Roads Ready For Inauguration-Aniagwu 

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As part of the preparations to mark the one-year anniversary of Governor Sheriff Oborevwori’s administration in Delta State, the Commissioner for Works, Rural and Riverine Roads, Mr. Charles Aniagwu, embarked on inspection of the Okpanam/Ibusa and Isheagu/Ewulu Roads scheduled for inauguration.
The roads, which spanned 5.3 kilometers and 9.1 kilometers respectively, and approximately 90% completed, connects major towns and would boost the socio-economic lives of the people in the area.
Speaking to journalists after inspecting the roads on Tuesday, Aniagwu reiterated the governor’s commitment to delivering quality projects to Deltans in line with his MORE Agenda.
He said “Governor Oborevwori has outlined numerous projects and programmes to mark his one year in office.
“Apart from roads, there are other projects and programmes, including empowerment initiatives anchored by several ministries.
“The Governor has instructed us to ensure that all roads are top-notch before he proceeds to commission them. Even if contractors claim that roads have been completed, he wants us to verify if they have been built to specifications.
“We hope that in the next few days, they will complete the project and exit the site to enable us carry out the final inspection”.

According to him, “That’s the same approach the Governor wants us to take with every project. He doesn’t just want to commission projects; he wants to ensure that any road being commissioned has been done according to specifications and provides value to the people of Delta by ensuring that the money paid equals the work done”.

Albert Ograka, Asaba

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Police Arrest Foreigner, Two Others Over Alleged Kidnapping In Delta

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The Police Command in Delta State has arrested three kidnap suspects including a foreigner over kidnapping incidents in the State.
The command‘s spokesman, SP Bright Edafe told newsmen yesterday in Warri that the suspects were arrested on Saturday and Sunday at their hideouts in Warri.
Edafe said that the suspects were arrested by the combined team of police operatives attached to the Orerokpe division, and operatives from the Force Intelligence Unit, Abuja.
He said that the Divisional Police Officer (DPO), Orerokpe division, CSP Paul Oboware, upon receipt of the information, immediately mobilised and led his patrol team to the criminals’ hideouts in Warri.
“Intelligence gathered on some kidnapping incidents in the Warri axis revealed that it is being carried out by Yakubu Ya’u at Oha and Ughwagba Communities in Okpe Local Government Area.
“The suspect and his gang kidnap unsuspecting residents for ransom.
“On May 11, following combined effort from police operatives of the command and operatives from the Force Intelligence Unit, Abuja on the hideout of the suspect.
“The DPO, Orerokpe division immediately mobilised and led his patrol teams to the suspect’s hideout in Warri, and after a painstaking search, he was arrested,” he said.
Edafe said that preliminary investigation and interrogation of the suspect led to the arrest of two other key members of the gang which included a Cameroon national on Sunday.
He alleged that the suspects were responsible for the several kidnap incidents in Orerokpe, Sapele, Warri, and environs, adding that the victims had equally identified them.
Edafe said that the suspects led the police detectives to Ughwagba Community in Okpe Local Government Area, where two Automatic pump action guns, a live Cartridge,  one knife were recovered.
He said that preliminary investigations were ongoing, adding that the command has intensified efforts to arrest the other fleeing members of the gang.

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Forum Unveils Vision, Commends Diri On Project Execution 

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A group, the Bayelsa State Founding Fathers Forum (BSFFF) has vowed to continually pursue the vision behind the struggle for the creation of the State.
Chairman of the forum, Sir Itelemo Frank Omiebi, stated this yesterday during an interview with The Tide in Yenagoa, the State Capital.
He said though the BSFFF has reservations about recent calls on its leadership to speak up against perceived marginalisation of the State by the Federal Government and associated MDAs, he noted that there is the general notion that the forum was made up of responsible, patriotic and capable statesmen in their own right.
The Tide learnt that the BSFFF is a group of statesmen of the Ijaw extraction, mostly of Bayelsa origin, who played prominent roles in the struggle for the creation of the State out of the Old Rivers State in 1996 under the late Genenera Sani Abacha military junta.
Omiebi disclosed that though as statesmen, the forum for sometime decided to keep mum on certain issues to avoid unnecessary heating of the polity, the rationale behind the convocation of the forum, he said, stemmed from the need to create a homogeneous Ijaw state out of the Old Rivers State which the forum has achieved far back in 1996.
He, however, stated that while issues bordering on marginalisation of the State were worrisome, the forum had continued to play an advisory role to successive administrations of the State.
“The vision of the BSFFF is tripartite: we’re to work towards the creation of an egalitarian State capable of raising committed, responsible and patriotic leaders.
“The forum is also to effect overall infrastructural and sectoral development of the State, and to promote human capital development with particular reference to education, so as to reverse our disadvantaged State in the comity of States in Nigeria”, the forum said.
The chairman also noted that there were consummate professionals from all walks of life willing to render needed support and services to the State in the group whenever they are consulted on matters affecting the development and well being of the State.
The forum’s leadership, which also bared its mind on the present administration of the State, described the State Governor, Senator Douye Diri, as a bonafide member of the forum, saying the workings of his administration were in tandem with the vision of the forum.
“But we like to commend Governor Diri who himself is a member of the forum. The Governor has been  working according to the vision of the BSFFF in the provision of infrastructure and, in other areas of governance.
“We want to especially thank him for the peace we’ve in the State. And we also want to commend him for the security of lives and properties of citizens across the State”.

“On infrastructure, we want to thank Governor Diri for continuing the Senatorial roads projects in the state. These and many more were part of the vision of the forum”, the BSFFF leadership added.

Ariwera Ibibo-Howells, Yenagoa

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