Seriacke Dickson Proposes N285.930 Billion Budget To Bayelsa Assembly Reviewed by Momizat on . Seriake Dickson, Governor of Bayelsa State today presented a N285.930 billion Appropriation Bill for the 2013 budget christened "Budget for consolidation for Re Seriake Dickson, Governor of Bayelsa State today presented a N285.930 billion Appropriation Bill for the 2013 budget christened "Budget for consolidation for Re Rating:
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Seriacke Dickson Proposes N285.930 Billion Budget To Bayelsa Assembly

Seriake Dickson, Governor of Bayelsa State today presented a N285.930 billion Appropriation Bill for the 2013 budget christened “Budget for consolidation for Restoration” to the Bayelsa State House of Assembly in Yenagoa.

The budget presented is to ensure thorough and speedy implementation of the various policies and programmes of the present administration.

The budget was put together using the 2013- 2015 Medium Term Expenditure profile.

N133.235 billion or 46.60% is set aside for recurrent expenditure and N152.695 billion or 53.40% for capital expenditure.

The budget is expected to be financed from a total revenue projection of N247.902 billion and capital receipt of N38.028billion.

The 2013 budget provides for massive infrastructural development and investments in Bayelsa.

It consist of the following :

Statutory Allocation -N 27.268 billion

Excess Crude\Budget augmentation – N45.500 billion

VAT – N9.95 billion

13% Derivation – N160.706 billion

Internally Generated Revenue – N4.473 billion

Capital Receipts – N38.028 billion

The Total is. – N285.930 billion

Amounts earmarked for specific sectors :

WORKS AND INFRASTRUCTURE. – N38.8billion

EDUCATiON – N28.4billion

HEALTH – N7.7billion

ENERGY – N6.2billion

AGRICULTURE – N2.7billion

TRADE INVESTMENT and INDUSTRY – N2billion

WATER RESOURCES – N3.4billion

SCIENCE TECHNOLOGY and MANPOWER DEVELOPMENT – N3.5billion

SPORT DEVELOPMENT – N4.5billion

HOUSING and URBAN DEVELOPMENT – N3.2billion

WOMEN EMPOWERMENT -N 1billion

Total recurrent expenditure – N133.235 billion

Total Capital Expenditure – N152.695 billion

Total revenue – N 285.930 billion

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  • Bobby Afeola

    This 13% derivation for oil producing states suffice to transform the States. Yet there are no signs of improvements in many of these oil producing States. Bayelsa State is getting a Billion Dollars for 2013, good God! I lived in an area called New Cairo in Egypt in 2002 I was told the project for the development costs the Egyptian Govt. 1.5 billion US Dollars and was developed under four years. New Cairo is about half the size of Bayelsa State. Successive governors of Bayelsa State have received this 13% derivation, what did they do with it? Because Bayelsa State is still one big SLUM…… 

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