• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, May 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Diri presents 2023 budget proposal of N385.2bn

Bayelsa

The Matters Press by The Matters Press
November 7, 2022
Reading Time: 3 mins read
0
Kano Local governments propose N229bn for 2022

Governor Douye Diri of Bayelsa on Monday, presented a N385,211,578,924 Appropriation Bill for the 2023 fiscal year to the House of Assembly for consideration.

RELATED POSTS

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

Presenting the proposal tagged: “Budget of Sustainable Growth and Reconstruction,” at the assembly, Diri said it was hinged on a six-pronged agenda, which include continuous building of infrastructure and reconstruction of such infrastructure that had been severely degraded by the floods.

He also said the civil service would be made more professional as well as transform the agricultural sector to be an essential contributor to the state’s economy and generate employment through various empowerment programmes.

Diri, stated that while his administration continues to engage the federal government for intervention on the flood situation, a special Directorate for Flood and Erosion Control and Management would be established to provide technical support for flooding and erosion-related issues.

The governor, further stated that the budget would be funded from various sources such as the monthly Federation Accounts Allocation Committee (FAAC) receipts to the tune of N153.511 billion, representing 40% of the total budget.

Other sources are the 13% derivation with N148 billion representing 39%, internally generated revenue (IGR) of N20 billion representing 5%, grants N16.7 billion representing 4% and loans N47 billion representing 12%.

Diri, highlighted the proposed expenditure to include personnel cost of N63.380 billion, overhead cost N95.458 billion, capital expenditure N167.545 billion, pension and gratuities N14.711 billion, public debt servicing N33.7 billion and contributory pension, LG RDAs and SUBEB N4.7 billion.

A sectoral breakdown indicated that the Ministry of Works and Infrastructure got the lion’s share of N77.924 billion, followed by Education Ministry N40.458 billion.

The Ministry of Agriculture and Natural Resources got N14.199 billion, Environment N13.842 billion while Health had N12.526 billion.

According to the governor, Lands and Housing Ministry would get N7.278 billion, Information, Orientation and Strategy N6.319 billion while Ministry of Transport N5.322 billion and N5.793 billion was earmarked for the Local Government and Community Development Ministry.

Youth and Sports Ministry was allotted N4.610 billion, Trade, Industry and Investment got N2.844 billion while the Ministry of Power got N2.5 billion.

Stating that the government had prudently implemented the 2022 budget and made noteworthy headway in executing several capital-intensive projects.

He highlighted some of them to include the 22.2km Yenagoa-Oporoma-Ukubie road, which had been asphalted close to Angiama community, the bridge across the Silver River at Aguobiri community that is about 90% completed, while work on the Angiama-Oporoma bridge was ongoing and being adequately funded.

According to him, the continuation of the 42km stretch of the Sagbama-Ekeremor road, which asphalting had reached Aleibiri in Ekeremor Local Government Area, is scheduled to be completed within the first quarter of 2023.

“Work is also progressing on one lane and median of the 21km Igbogene-AIT/Elebele Outer Ring road while two sections of the road, Igbogene to Okarki and Imiringi to Elebele roundabout, have been completed. Work is ongoing on the two remaining sections of the lane,” he said.

Diri noted that construction of the Nembe-Brass Road, conceived over seven decades ago, was ongoing, stating that the first phase of the road covers 21km with 10 bridges and had a completion timeline of 24 months.

Responding to the governor’s presentation, Speaker of the 6th State House of Assembly, Mr Abraham Ingobere, described it as historic being the last of the Prosperity Government’s first tenure and the last the present crop of lawmakers would attend to before next year’s election.

Ingobere assured that the assembly under his watch will prioritise the appropriation bill and ensure deliberation on it was completed before the end of the year.

The Speaker said the legislators will do due diligence to the bill and would perform their oversight functions in ensuring that all projects and programmes captured in it are implemented and completed.

Ingobere, however, drew the governor’s attention to what he described as revenue leakages in the state IGR and advised that the financial team synergises to block such loopholes in the revenue generating agencies that he said were not remitting levies to the state coffers.

Tags: BayelsaBudget
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Court visits Patience Jonathan’s money palaver
Economy/Technology

Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring

May 20, 2025
Nigeria suspends mining in Zamfara
Economy/Technology

Revival of mining sector causes increase in licensing fees in Nigeria

May 19, 2025
Make cash accessible, remove obstacles —stakeholders plead
Economy/Technology

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

May 17, 2025
Next Post
Nigeria’s N17.1trn budget to gets presidential accent on Friday

Ebonyi budgets N139b for 2023 fiscal year

Nigeria’s N17.1trn budget to gets presidential accent on Friday

Akwa Ibom gets ₦697.005bn 2023 budget

Recommended Stories

Nigeria plans to ban milk importation

Kano state plans 200 milk collection centres

July 2, 2020
800 firms compete to manage gas flare sites

Investment in upstream oil, gas records 50% drop in 5 years

May 5, 2022
Sanwo-Olu moves to tackle gridlocks, sanitation

Sanwo-Olu moves to tackle gridlocks, sanitation

May 30, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG
  • Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration
  • Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us