Hon. Seriake Dickson concerned over the drop in Bayelsa State revenue

State Governor, Hon. Seriake Dickson has expressed deep concern over
the steady decline in the revenues accruing to the state from the
Federation Accounts Allocation Committee (FAAC).

He explained that
the decline was evident in the less than one billion naira shortfall in
the revenue received by the state between August and September, 2015.

who spoke in Yenagoa at a lecture/dinner organized as part of
activities marking the 55th independence of Nigeria and 19th year
anniversary of the creation of Bayelsa State, disclosed that the state
received N5.2 billion for September 2015.

disclosed that the state received N6.2 billion in the month of August
and that the amount from the previous month had dropped to N5.6 billion
occasioned by the sharp reduction in prices of crude oil in the
international market.

“The last report we got was that our
allocation has dropped from N6.2 billion for last month, to about N5.6
billion for this month. This shows the challenges that our state is
grappling with.

“But, we are not alone. Whereas, many states cannot even, meet their basic obligations, we in this state, are still carrying on.

a matter of fact, I have again instructed that salaries be paid as from
Monday next week. But this is coming with a lot of cost and sacrifices.


can imagine what would have happened, if we didn’t experience this
drastic and sudden drop in our revenue, Bayelsa would have been
something else.

“But we are still not despondent. We are hopeful
that by the grace of God, revenues will improve and we will again work
together to take our state to the next level,” Dickson said.

He called on the people to be patient and show some understanding, in view of the current economic challenges.

governor however, expressed hope that, the situation would improve to
enable his administration execute its developmental agenda for the
people of the state.

On the 19th anniversary of the state, Dickson
lauded the efforts of late General Sani Abacha, founding fathers and
past governors of the state for their sacrifices and contributions
towards making the creation of Bayelsa a reality.

He enjoined the
federal government to ensure that everything was done to maintain law
and order in the state ahead of the Dec. 5 governorship elections and
urged the people to sustain the existing peace.

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