GOVERNMENT OF BAYELSA STATE, south-south Nigeria, Tuesday, said it generated N1.15 billion internal revenue in April, 2019. John Jonah, Deputy Governor of Bayelsa States, stated this in Yenagoa, the state capital, at the monthly income and expenditure breakdown.
The state received N12.69 billion in April, as gross income from the federation account. Spent N79.45 million in collecting internally generated revenue. After statutory deductions, the state was left with a net balance of N11.14 billion for the month under review, Jonah said.
The revenue profile of the state had been consistently declining from N13billion in February, to about N11 billion in May 2019, according to the figures, Jonah said, the state government obtained from the Federation Accounts Allocation Committee, FAAC.
Daniel Iworiso-Markson, Commissioner for Information and Orientation, noted that the government remained committed to the policy of transparency in the management of public funds. In spite of the dwindling resources, he said, the administration would ensure prudent use of funds accruing to the state.