Nigeria News

NIGERIA: Dickson signs 2014 appropriation bill of N332bn into law

Yenagoa—Bayelsa State Governor, Mr. Seriake Dickson, yesterday,  signed the state’s 2014 Appropriation Bill of N332 billion into law.
Dickson, who expressed concern over the decline in the state’s monthly allocation from the federation account, called for the expansion of its revenue base.
Speaking at the occasion, which had in attendance the Speaker of the State House of Assembly, Rt. Hon. Konbowei Benson and other top government functionaries, Dickson disclosed that the allocation in the past months has dropped by about N5 billion.
He warned: “If necessary economic measures are not put in place, the situation would have serious impact on the economy of the state.
“It was in anticipation of this impending economic downturn, that this administration is taking steps to create alternative sources of income flow to boost the revenue profile of government.”
He directed members of his economic team to work out modalities to cut down on the state’s wage bills such as remunerations approved for parastatals and travel allowances for government functionaries including himself.
According to him: “Just like other states, we are also experiencing a terrible decline in our inflows. This is why we have always exercised maximum prudence particularly in approvals that are related to recurrent expenditure.
“I am directing the economic team to implement an appropriate reduction of all recurrent approvals beginning with Government House expenditures. We reduced it significantly before, but in the light of the new realities, I am giving this directive that we need to review most of our expenditure patterns. For example, issues that have to do with travels and allowances of members of the executive council.
“The Commissioner for Finance and his team should also look at the remunerations that we have approved for the part-time appointees of government. This should be done in such a way that we would be able to cope with the stress that has been induced by the reductions in our inflows.”
 

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