Gov. Dickson gives breakdown of the N95 billion the State has Received for the past one year. He made the clarification during the 50th edition of the Transparency Press Briefing in Yenagoa today.
Out of the N95 billion Bayelsa received from the Federal government N12 billion was shared to the eight LGAs in the state for the past one year.
Breakdown of the remaining N83 billion as follows.
FAAC deduction from Source N12.3 billion
Bond repayment inherited from previous Govt. N14.89 billion
Salary Payments for Civil Servants N32.38 billion
Local Bank debts inherited N24.6 billion
Overheard cost for the Executive, legislative and the Judiciary N3.9 billion
Capital Projects N20.9 billion