Bayelsa State Government says it is committed to working towards creating an enabling environment to attract local and foreign investors to advance the development of the state.
Commissioner for Information, Orientation and Strategy, Mrs. Ebiuwou Koku-Obiyai stated this in Yenagoa at the monthly Income and Expenditure Profile Briefing of the State for the months of August and September this year.
Officials of the state government said the closing balance in the state’s coffers was one hundred and six point five billion Naira as of the end of September.
The Commissioner for Information, Orientation and Strategy while reiterating the commitment of the Bayelsa State government to upholding the principles of transparency and accountability said the Governor Douye Diri led Administration would complete all ongoing projects being undertaken.
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Mrs. Ebiuwou Koku-Obiyai said efforts were being intensified to create employment for the people, provide stable power supply and reach out to investors to build an industrial base in the State and boost the local economy.
Technical Adviser to the Governor on Treasury and Accounts. Mr. Timipre Seipulo while giving the income and expenditure profile of the State said the closing balance in the coffers for August stood at one hundred and fifty point five (N150.5 billion) while that of September was one hundred and six point five (N106.5 billion) after capital and recurrent expenditure.He stressed that the high liquidity assets of the State were being applied to service expenditures especially ongoing capital projects to see to their timely completion.
Mr. Seipulo said while capital expenditure for August gulped seventy-seven point five billion Naira (N77.5 billion), that of recurrent payment was five point three billion Naira (N5.3) totaling N82.9 billion while payment for capital projects for September stood at one hundred and four point six billion Naira (N104.6 billion) as recurrent was five point five billion Naira (N5.5 billion) amounting to N110.2 billion.
