Niger Delta
Delta: MDAs To Get Funds Quarterly
The Delta Commissioner for Economic Planning, Mr Kenneth Okpara, has said that ministries, departments and agencies (MDAs) in the state will receive funds on quarterly bases from 2012.
Okpara, who gave a break down on the state’s 2012 budget in Asaba, said that the release of funds to the MDAs would also depend on their performance in the previous quarter.
He said that none performing MDAs would lose their unutilised budget.
The commissioner said, “The principal responsibility for the implementation and monitoring of budgeted activities resides with the MDAs.
“However, the game changer, introduced in 2012 budget is that MDAs will submit quarterly performance report to the governor.
“An incentive is being created in the process, MDAs will get quarterly release of funds, however, after the first quarter, the subsequent quarterly releases will depend on the performance in the previous quarters.”
Okpara said that the 2012 budget was a strong statement that showed that the state was on course toward achieving its set out goals.
According to him, the specific focus of the 2012 budget is on completing all on-going projects, improving basic services, particularly in education and healthcare, quality of infrastructure like roads, water and power.
Other areeas where the budget will focus on are enhancing agricultural production and creating an enabling environment that will ensure a smooth transition from one civilian administration to another.
The commissioner said that the state proposed a total of N383.4 billion for 2012 with N169.8 for recurrent expenditure and N213.6 as capital expenditure.
Okpara said that the sources of revenue for the 2012 budget was the internal generated revenue of N51.5 billion, and N170 billion from statutory allocation.
He said that the satutory allocation would include mineral derivation, value added tax of N9.99 billion and other capital receipt of N151.95 billion.
He said that N80.6 billion of the recurrent expenditure would be spent on personnel costs, N48.7 on overhead costs and consolidated revenue funds charges would gulp N40.6 billion.
He explained that for capital expenditure, the economic sector got 72.9 billion, social services N45.3 billion, while environment would get N37.8 billion.
Niger Delta
24 Nigerian Universities Make 2026 THE Rankings … 4 S’South Versitieis Pull Through
Niger Delta
‘Ogbolo ’26’: Bayelsa Community Revives Heritage, Strengthens Unity
Niger Delta
SEEPCO Collaborates Delta, Others In Voluntary Blood Donation Campaign
-
News2 days agoFamily Seeks Police Help As Woman Goes Missing After Fleeing Female Circumcision Threat
-
News2 days agoNigeria Hosts World Public Relations Forum Sept …As Experts Seek Inclusion Of PR In Decision Making
-
News2 days agoNDLEA Intercepts 1.63m Tramadol Pills, Arrests 80-Year-Old Suspect
-
News2 days agoRivers NUJ Seeks Recruitment Into State Media Houses …Urges Govt To Reposition Public Service
-
News2 days agoUphold Principles Of Dev, Rivers SSG Charges Tertiary Institutions
-
News2 days agoTinubu, Fubara Condole Amaechi Over Mother’s Death
-
News2 days agoFG Alerts Nigerians Of N50,000 Allowance Registration Scam
-
News2 days agoSpain Are World Champions ….. End Argentina, Messi’s Dreams
