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Tag: Commissioner for Finance

by Asu BeksNo Comments
Huge Wage Bill: Bayelsa Govt Won’t Downsize Workforce – Finance Commissioner *Declares Income, Expenditure For Two Months

Huge Wage Bill: Bayelsa Govt Won’t Downsize Workforce – Finance Commissioner *Declares Income, Expenditure For Two Months

News Feature
Bayelsa State government has assured civil servants in the state that it had no plan to downsize the workforce in view of the huge wage bill it is grappling with. Rather, it said it would seek alternative sources of revenue to shore up its finances. The Commissioner for Finance, Mr. Maxwell Ebibai, gave the assurance on Thursday at the transparency briefing for the months of January and February 2021 in Yenagoa, the state capital. Mr. Ebibai said the state government got N6.8 billion for February as net receipts from the Federation Account after first line deductions as against the huge wage bill and other recurrent expenditures of N7.358 billion. He noted that the cost of running government had become highly challenging as the state was contending with dwindling federal revenu...
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by Asu BeksNo Comments
Bayelsa Bemoans Drop In Federal Allocation

Bayelsa Bemoans Drop In Federal Allocation

News Feature, Press Release
The Bayelsa State government on Monday lamented the decline in revenues accruing from the federation account while announcing its income and expenditure profile for the months of August, September and October 2020. Presenting a breakdown of the figures in Yenagoa, the Commissioner for Finance, Mr. Maxwell Ebibai, disclosed that the state received a gross inflow of N12.8 billion for August. He explained that the amount consists of statutory allocation of N3.14 billion, derivation N8.8 billion, VAT N1.97 billion, refund for Pay As You Earn (PAYE) N636 million. Mr Ebibai also noted that deductions from the Federation Allocation Accounts Committee (FAAC) was N1.007 comprising foreign loans to the state while federal government recovery was N42.171 million, restructured commercial loan...
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