Bayelsa Govt Records N83.56bn Revenue, N61.3bn Expenditure in June
…Spends N58.73bn in July; Restates Commitment to Complete Ongoing Projects
The Bayelsa State Government recorded total receipts of N83.56 billion in June 2026, comprising net Federation Account Allocation Committee (FAAC) receipts and other revenues, while total expenditure for the month stood at N61.30 billion, the state’s monthly Transparency Briefing has revealed.
The government also recorded N58.73 billion in recurrent and capital expenditure in July, following total FAAC receipts of N57.55 billion and additional receipts from internally generated revenue, Federal Government infrastructure funds and other sources.
The figures were disclosed by the Technical Adviser to Governor Douye Diri on Treasury, Accounts and Payment, Mr. Timipere Seipulou, during the June and July Transparency Briefing held at the conference hall of the Treasury Building in Yenagoa.
June Revenue and Expenditure
Presenting the June financial profile, Seipulou said the state received N59.65 billion in gross FAAC inflow, comprising N8.87 billion statutory allocation, N42.18 billion derivation revenue and N8 billion Value Added Tax (VAT).
He said N903 million was deducted from the FAAC allocation for various obligations, including N302.3 million for foreign loans and Federal Government recovery, N128.36 million for restructured overpayment from derivation and N219.12 million relating to ecological fund distribution to states, among other deductions.
This, he said, left the state with N58.161 billion in net FAAC receipts.
According to him, other receipts during the month included N2.89 billion in internally generated revenue for May reported in June, N7 billion infrastructure receipts from the Federal Government, N9.76 billion excess crude refund, N4.99 billion funds from the Niger Delta Development Commission (NDDC) and N239.12 million transferred from the ecological fund.
The other receipts amounted to about N24.85 billion, bringing total receipts for June to approximately N83.56 billion.
On expenditure, Seipulou said the state spent N20.53 billion on salary-related obligations and other payments during the month.
The expenditure included N6.02 billion for bank loan repayment, N119.55 million transfer of ecological fund to NDDC, N2.06 billion grant to state-owned tertiary institutions, N267.79 million pension arrears, N7.8 billion civil servants’ salaries and N1.997 billion for political appointees, among other obligations.
He said salary-related expenditure amounted to about N13.5 billion.
The Treasury Adviser further disclosed that the state recorded N6.54 billion in recurrent expenditure and N54.77 billion in capital expenditure, bringing total expenditure to N61.30 billion for the month.
He said the state ended June with a closing balance of about N38.30 billion, including the balance brought forward from May.
July Financial Profile
For July, Seipulou said the state recorded N58.527 billion in gross FAAC inflow, made up of N10.50 billion statutory allocation, N38.45 billion derivation revenue, N8.5 billion VAT and N1.56 billion non-oil revenue.
He said N977.12 million was deducted from the FAAC allocation. The deductions included N302.23 million for foreign loans and Federal Government and states recovery, N128.37 million for restructured overpayment on derivation in previous years and N128.5 million refund relating to the Ekenga oil field to Akwa Ibom State, among other deductions.
The deductions left the state with N57.55 billion in net FAAC receipts.
Other receipts in July included N3.83 billion internally generated revenue for June reported in July, N7 billion infrastructure receipts from the Federal Government, N312 million transfer from the ecological fund and N3 billion from other sources.
Seipulou also disclosed that Bayelsa received $5.3 million, equivalent to about N7.28 billion, under the States Action for Business Enablement Reforms (SABER), a Federal Government programme designed to support states in improving their business environment and attracting investments.
On expenditure, he said the state made total payments of N20.235 billion during the month.
The payments included N5.32 billion for bank loan repayment, N250.266 million support to local governments and payment for primary school teachers, N2.06 billion grant to state-owned tertiary institutions, N7.7 billion for civil servants’ salaries and N1.99 billion for political appointees, among other obligations.
He said recurrent expenditure stood at N6.3 billion, while capital expenditure amounted to N51.99 billion, bringing total recurrent and capital expenditure to approximately N58.73 billion.
Seipulou explained that the closing balance figures should not be interpreted as funds lying idle in government coffers, stressing that the state continually makes disbursements for capital projects and recurrent obligations.
Govt Restates Commitment to Projects
Earlier in her opening remarks, the Commissioner for Information, Orientation and Strategy, Hon. Ebiuwou Koku Obiyai, said the June/July Transparency Briefing was significant as the state prepares to mark the 30th anniversary of its creation.
She said Bayelsa, in three decades, had developed into a state of promise through the resilience and progressive contributions of successive leaders and its people.
The Commissioner reaffirmed the commitment of the Prosperity Administration of Governor Douye Diri to completing ongoing projects across the state.
She said the projects were taking shape and assured Bayelsans that they would be completed within the lifespan of the Assured Prosperity Administration.
Koku-Obiyai also dismissed claims that the state government was waiting for funds from the Federal Government before continuing the construction of the Olympic-size, 25,000-capacity stadium at Igbogene.
According to her, the administration remains committed to completing the project alongside other ongoing projects across the state.
The Commissioner commended the media for its role in publicising government programmes and policies, describing journalists as critical partners in the development of Bayelsa State.
She, however, urged media practitioners to remain professional and avoid partisan politics in the discharge of their responsibilities.
The briefing was attended by the Accountant-General of the State, Tokoni Ifidi, Director-General, New Media to the Governor, Dr. Samuel Kolawole Oredipe, and other government officials.
The Chairman of the Bayelsa State Council of the Nigeria Union of Journalists (NUJ), Comrade Tonye Yemoleigha, led other journalists and media practitioners to the briefing.
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