Niger Delta
Bayelsa Spends N3.52bn On Debt Service
Bayelsa State Government said it spent N3.52 billion on servicing its loan obligations to commercial banks for the month of May.
The Tide’s source reports that domestic debt stock data from the Debt Management Office for Bayelsa as of March 31, stood at N151.41 billion.
Technical Adviser to Governor Douye Diri of Bayelsa State on Treasury Matters, Mr Timipre Seipulo, stated this while giving an update of the state’s income and expenditure profile for the months of May and June in Yenagoa.
According to the financial highlights, the state generated some N1.68 billion from internal sources in addition to a gross inflow of N22.86 billion from the federation account to make a total of N22.91 billion for May.
Of the amount, derivation revenue, a 13 per cent of value of crude oil produced within the state for May stood at N17.82 billion.
On the other hand, non oil revenue of N124.69 million accrued to the state for the month under review.
According to Seipulo, the state’s wage bill for civil servants and political appointees gulped N6.2 billion.
For the month of June, Bayelsa got N18.67 billion after deductions at source from the federation account.
Oil derivation accounted for N14.02 billion, while the internally generated revenue was N1.99 million.
The total wage bill for the month of June was N6.14 billion.
Niger Delta
A’Ibom Unveils Industrial Park For Manufacturing
Niger Delta
Oborevwori Weeps over Senator’s Death
Niger Delta
Nasarawa D’Gov, Others Condole Diri, Ewhrudjakpo Family
-
Featured3 days agoFubara Redeploys Green As Commissioner For Justice
-
Sports1 day agoAFCON ’25: Osimhen Not Worried By Yekini Comparison, Pressure
-
Sports1 day agoOgoni Nation Cup : Coach Praise Players In spite 2-0 Loss
-
Sports1 day agoRemo Stars set for Ikenne return
-
Sports1 day agoChelsea Set To Part Ways With Maresca?
-
Sports1 day agoSoname Calls For NPFL referees demotion
-
Business1 day agoKALCCIMA PROMISES KALABARI ECONOMIC GROWTH, INAUGURATES NEW EXECUTIVES
-
Entertainment1 day agoBurna Boy’s ‘I Told Them’ Becomes Highest-grossing Tour
