Saturday, 10 May 2025
Subscribe
TrackNews Logo
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
  • 🔥
  • News
  • Politics
  • Business
  • Breaking News
  • National
  • Entertainment
  • Crime
  • Sports
  • Niger Delta
  • Gist
Font ResizerAa
Track NewsTrack News
Search
Follow US
©2025 Track News Media. All Rights Reserved. | Website Designed By AfeesHost
Home » Blog » BAYELSA RECEIVES N25Bn FAAC for July 2022.
Politics

BAYELSA RECEIVES N25Bn FAAC for July 2022.

Track News
Last updated: August 18, 2022 8:08 am
Track News
Share
SHARE

– no commensurate projects

– deliberate, absolute neglect of existing institutions, infrastructure

By Freedom Ayabowei
Secretary APC Integrity Group.

The APC integrity group has called on the Senator Douye Diri led PDP government to account for the huge federal allocation the state has received since the begining of the year.

Bayelsa State since it’s creation has absolutely relied on funds from the central pool. The state IGR only rose from N60m to N1Bn during the previous administration and has since remained static.

Available data reveals that there is a correlation between high Federal Revenue Allocation, IGR and development but this is not the case in Bayelsa today.

For instance, the Federal Accounts Allocation Committee (FAAC) July 2022 disbursement to Bayelsa State is about N25Bn and the figures for other months since the month of January has been relatively high in comparison to previous years due to the Russia/Ukraine war and it’s attendant increase in the cost of oil globally.

The records of FAAC disbursement to Bayelsa State from January 2022 till date as documented by the National Bureau of Statistics (NBS) and the Bayelsa state transparency brief for March and April is as follows;
-https://nigerianstat.gov.ng/elibrary
-https://independent.ng/bayelsa-received-n34-037bn-allocation-in-march-april-govt/

January – N10.308Bn
February – N13.054Bn
March – N15.21Bn
April – N22.206Bn
May – not revealed
June – not revealed
July – N25Bn

Mr Fred lamented that despite the huge FAAC disbursements to the state in the first half of the year, Bayelsa seem to have accepted the regressive approach of the Prosperity government towards the disclosure of the state’s income and expenditure as practiced since 2012.

Mr. Fred Ayabowei, commended Dr John Idumange for speaking to the hoarding of details of financial transactions by the Diri led Prosperity government earlier this year and strongly condemned the attempt by the government to mute his voice and that of other concerned Bayelsans who believe in transparency and accountability.

It is already over three years since the Diri led Prosperity government assumed office and despite it’s comfortable take off with the release of the N32Bn federal government projects refund and a steadily increasing federal allocation, the ratio of funds received by the government so far to projects executed is abysmal.

The health sector is at the penultimate stage of collapse. Even the Bayelsa health insurance scheme which transformed the healthcare system in the state, is under severe threat.

Same applied to the educational sector where schools like the Ijaw national academy, among the 12 first boarding schools in Bayelsa state, situated in Diri’s LGA where our children were given free access to quality education, is now a shameful sight. Other institutions like the medical university, the diagnostic centre etc are equally suffering similar abandonment. Bayelsans expected that as a brain child of the previous government, continuation would be priority but the abandonment of these facilities and institutions is highly condemnable as these were beneficial initiatives to all Bayelsans irrespective of party affiliation.

Bayelsans want to know, what the Diri led government has been expending Bayelsa state funds on, or are they hoarding state funds for politics?

Previous governments equally had political matters to deal with yet committed to the development of the state. What is the Diri led Prosperity government commited to, impoverishing Bayelsans in the name of politics?

The spokesperson of the group lamented the poor developmental strides of the Diri led Prosperity government despite the huge allocation received and the scary loans obtained by the government within his brief period in office. The group also vowed that henceforth on a monthly basis, since the government has chosen not to disclose to Bayelsans what accrues the state, they will publish it for all Bayelsans to see.

Mr. Fred Ayabowei also called on the EFFC to beam their searchlight on the Bayelsa state government as Bayelsans are worried about their future.

TAGGED:BAYELSA: RECEIVES N25Bn FAAC for July 2022.
Share This Article
Email Copy Link Print
Previous Article As reconciliation talks with Wike continue, governors in Atiku’s camp are enraged.
Next Article U-20 WWC: Falconets floor Canada, to meet Netherlands in quarter-finals
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

You Might Also Like

Reported uncomfortable nature of Wike Chieftain of the PDP-APC claims

By
Track News

Why I ended my Relationship With Oshiomhole – Idahosa

By
Tina Walson

Kogi guber: My life under threat for backing APC candidate – Ex-lawmaker, Makama

By
afees4me

2019: INEC CONFIRMS TAMBUWAL AS SOKOTO PDP GOVERNORSHIP CANDIDATE

By
Track News
Track News
Facebook Twitter Youtube Instagram

About US

Track News is a leading news site with a primary focus on Nigeria and world news in general. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
Usefull Links

© Track News Media. All Rights Reserved. | Website Designed By AfeesHost

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?