Bayelsa Reveals Ground Breaking Infrastructural Strides, Announces 37B Closing Balance For May

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The Bayelsa State Government has reaffirmed its commitment to transparency, accountability, and infrastructural development by presenting its income and expenditure report for the months of April and May 2026.

Speaking during a media briefing, Commissioner for Information, Orientation and Strategy, Hon. Ebiuwou Koku – Obiyai, outlined several legacy projects currently in progress across the state.

She highlighted key strategic projects designed to boost economic activity, like the Nembe-Brass Coastal Road, the Ekeremor-Agge Road, the Nine-Story Secretariat Complex and Igbogene Olympic-Size Stadium.

The Commissioner also urged citizens to actively monitor governance rather than limiting their engagement to online critique.

“Transparency works when citizens are partners, and I encourage the citizens today to visit these project sites, ask questions, and take pictures. Don’t wait to criticize the government online at all times. Find out what is happening and spread the gospel of assured prosperity,” Said Ebiuwou.

The Technical Adviser to the Governor on Treasury, Accounts and Revenue, Mr. Timipre Seipulou, disclosed a detailed financial report of April and May 2026 regarding the state’s revenue inflows, statutory deductions, salary obligations, and capital expenditures.

According to Seipulo, Bayelsa received a gross Federation Account Allocation Committee (FAAC) inflow of N42.33 billion in April. The major contributors were derivation revenue of N27.27 billion, statutory allocation of N7.48 billion, Value Added Tax (VAT) of N6.33 billion and non-oil revenue of N1.24 billion.

After deductions of N899 million, the state realized a net FAAC inflow of N41.43 billion. Additional receipts from internally generated revenue (IGR), ecological funds and investment income brought total receipts for the month to N44.71 billion.

He explained that salary-related payments, including civil servants’ salaries, gratuities, pension arrears, political appointees’ allowances and grants to tertiary institutions, amounted to about N13 billion.

Other expenditures, including loan repayments and statutory deductions, brought total outflows before capital and recurrent spending to N21.53 billion.

Seipulo said recurrent expenditure stood at N6.17 billion, while capital expenditure reached N51.69 billion, covering major infrastructure projects such as road construction, the state assembly complex, the stadium project, the secretariat complex and acquisition of equity shares.

He noted that the state’s total expenditure for April amounted to N57.86 billion, resulting in a deficit of N34.67 billion, which was covered by the balance brought forward from March. Consequently, the state carried forward N22.15 billion into May.

According to him, the state ended May with a surplus of N14.93 billion. Added to the N22.15 billion balance brought forward from April, Bayelsa closed the month with a balance of N37.08 billion, which was carried forward to June 2026.

Responding to questions from journalists on the state’s interest in the Atala Oil Field, Seipulo explained that Bayelsa’s equity participation in the oil asset does not translate directly into monthly government revenue.

He said returns would only accrue to the state through dividend payments declared by the operating company, assuring that any such income would be reported during future transparency briefings.