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Bayelsa receives N8billion in October, N14billion for November

Bayelsa state has received N8billion for the month of October and N14billion in November 2016 respectively from the federal government statutory allocations accruing to the state.
Bayelsa state Deputy Governor Rear Admiral Gboribiogha Jonah John (rtd) stated this during the state routine monthly Transparency Briefing in Government House, Yenagoa, on Monday.
However, after the various deductions from bank loans, bonds, payment of civil servants including political appointees, recurrent and capital payments, refunds and repayments of agric loans, the state got a deficit of N160.7million for October 2016.
For the month of November, after all deductions from excess crude oil loans to the state, bond refunds, restructured commercial bank loans, foreign loans, commercial agric loans, capital and recurrent payments, the total balance for November 2016 is N3.49billion.
Asked to state the capital projects that the state government made payments for, the deputy governor stated that the newly commissioned Government House, airport and other smaller projects were among them, adding that the state government most times make upgrade.
He was also asked why the N14billion from the Federal Government refund to the state as part of loans obtained from the Paris and London clubs, he said that the money came in December 2016 thus it is not included for the October/November accounts.
Meanwhile, the deputy governor prayed for peaceful Christmas and New Year for all Bayelsans to celebrate.
With this at the front burner, the state government is poised to execute impressive structures for the people of the state which would form a part of history in Bayelsa state, he concluded.


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