Niger Delta
Bakassi LG To Spend N1.5 bn
The Bakassi Local Government Area in Cross River State is to spend a total of N1,580, 692,673 in the 2011 fiscal year, the council Chairman, Dr. Ekpo Ekpo Bassey, has announced.
Presenting the budget estimate at the council’s legislative chamber recently, Dr Bassey said the amount takes care of both recurrent and capital expenditures.
According to him, a total sum of N821, 847,658, will be spent on recurrent expenditure while capital expenditure, will gulp N678, 797,692.
The “Budget of Consolidation” he emphasised shows an increment of N383, 771.523 over that of 2010 representing 24.28 per cent.
Dr. Bassey mentioned the revenue sources for the budget to include internally generated revenue of N8,025,000m; statutory allocation from State Government, N29, 458, 272; statutory allocation from Federal Government, N784, 364, 386m: transfer from consolidated revenue Fund, N276,280,999m; opening balance, N2, 174, 128m; VAT, N169, 883,230m; grants, N200m;and excess crude oil share, N386, 787, 657.
He said the local government will spend N241, 633,856m on personnel costs overhead costs will gulp N117,180,130m, and consolidated revenue fund charges will be N186,752,673m under the recurrent expenditure.
Niger Delta
Navy Pledges Improved Patrols, Welfare Boost For Personnel
Niger Delta
Delta Begins Uromi Junction Flyover Construction
Niger Delta
A’Ibom Rejects Ekid Ownership Claim Of Stubbs Creek
-
Politics3 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business3 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Business3 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Sports3 days agoJ And T Dynasty Set To Move Players To Europe
-
Politics3 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics3 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business3 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Rivers3 days ago
Rivers Police Commissioner Condemns Vigilante Group Over Aluu Attack
