Bayelsa IGR hits N1.3bn

Posted by Nathan Nwakamma | 27 October 2017 | 1,554 times

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The Bayelsa Government has recorded N1.3 billion as Internally Generated Revenue (IGR) in September, the Deputy Governor, retired Rear Adm. John Jonah, said on Friday.

Breaking the financial statement for September in Yenagoa, Jonah said the state had realised about N1.3 as IGR in August.

The News Agency of Nigeria (NAN) recalls that Bayelsa had collected N868.58 million in the previous month.

The deputy governor attributed the increase to tax reforms which hiked tax drive on oil firms operating in the state.

He noted that the state Board of Internal Revenue was compelled to approach the courts to seal some companies that defaulted in paying their taxes.

Jonah said that the development had also increased the cost of collecting the huge revenue to N88 million.

On the revenue accrued to state from Federation Account for September, the deputy governor said Bayelsa had received N12.1 billion as against N9.94 billion in August.

Jonah said total deductions in September amounted to N1.8 billion as against the N1.7 billion deducted in August, leaving the state with a net inflow of N8.28 billion.

He said that the wage bill of the state for August salary captured in September’s statement stood at N3.7 billion for civil servants while N298 million was spent on the emoluments of political appointees. (NAN)

Photo by Michael Owi Bayelsa State Deputy Governor, Rear Admiral Gboribiogha John Jonah (Rtd)(2nd R), delivers the State Financial Report, while the Chief of Staff, Government House, Yenagoa, Rt. Hon. Talford Ongolo (2nd L) Commissioner for Information & Orientation, Mr. Daniel Iworiso-Markson (L), and the Special Adviser to the Governor on Accounts, Treasury & Revenue, Mr. Timipre Seipulou (R), during the State Transparency Briefing for the months of August & September, 2017, at the Government House, Yenagoa.


Source: News Express

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