Gov. Diri assures Bayelsans of timely completion of ongoing projects

Isaac Ombe, Yenagoa
‌Governor Douye Diri of Bayelsa State has reassured the people of the state of his commitment to complete all projects being embarked upon by the administration, insisting that no project would be stalled because of funding.
Commissioner for Information and Orientation in the state, Ayibana Duba, gave the assurance during the monthly briefing which took place at the state’s Treasury Building, in Yenagoa, on Thursday.
the Commissioner said the Douye Diri- led administration was committed to ensuring the timely completion of all projects being embarked upon.
Flanked by Maxwell Ebibai the state’s Commissioner for Finance, Timipre Seipulou, the Technical Assistant to the Governor on Treasury Matters and other top Finance Ministry officials, Mr. Duba said, “No project will ever be stalled as a result of funding issues.
As.a government, we are committed to completing all projects.

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“We will continue to tell Bayelsans that no project will ever be stalled as a result of funding issue despite the fact that we all know the dwindling resources”.
Also in his remarks shortly before he reeled out the infollow and outflow for the month s of February and March, the finance Commissioner , stated that the ministry of finance has the responsibility of funding all government projects .
“We in finance ministry, is our responsibility to ensure that government programmes are funded”.
According to Ebibai, in the month of February, there was a total inflow from. FAAC N19.826 billion.
He said that total deductions at FAAC amounted to N2.4 billion, while the net inflow for the same month was N17.423billion.
“That was what we received at the state level. Tol other receipts amounted to N5.049billion”.

The finance Commissioner further disclosed that revenue for the month amounted to
N22.472 billion, stressing,
“that is what we received for the month”.

While the total recurrent payment for the month amounted to N21.292 billion , he added however that the state had positive balance in February with N17.771 billion.

“Our positive closing balance as at the end of February amounted to
N9.863 billion “‘ , he added, stressing “this was the money we had in our hands before we went into the month of March”.

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Ebibai further announced that in the month of March, total receipts from FAAC amounted to N17.664 billion .

While total deductions at FAAC amounted to N2.398 billion “which gave us the Net FAAC receipt of N15.265 billion.
He further explained the Internally Generated Revenue for the month of February was.as high as N3.190 billion because of payment of Payee remitted in bulk by the federal government .
“It was payee which was suppose to be remitted by the federal government over the months.. came in bulk . Payee is an item for the board of Internal revenue. This made the state IGR N3.190 billion in the February “.
However, in March, hesaid that the state had N1.6 billion for IGR.
Ebibai said that total other receipts for march amounted to N3.26 billion. When added to the Net receipt from FAAC, it will amount to N18.530 billion as total revenue for March.
He explained that the total payment amounted to N8.565 billion, while debts for the month amounted to N9. 965 billion .
According to.him, total payment also amounted to N15.940 billion with a negative of N5.975 billion. We had N3.887 billion.
“That is how we closed the month of March”, the finance Commissioner added.