Gov. Sani Bello-led administration’s financial balance sheet from 2015 to 2018
NEWS DIGEST–Since the inception of Governor Sani Bello’s administration in 2015, a lot of questions have been raised about how much the administration have received in revenues, FAAC, Excess Crude Account, VAT, IGR, Paris Club Refunds and Bailouts given out to states by the President Muhammadu Buhari led APC Administration.
In the midst of it all, some political parties have deliberately peddled exorbitant figures around for mischief as the revenue the administration has received. Some bandied 500 Billion around, Some 400 Billion Naira.
At a time, close to a year ago, I saw an educated person bandying 400 billion around as the total Paris Club Refund Niger State was given from 2015 to early 2018, I was baffled and asked him, even if you are told this, how do you believe it. It’s logically unrealistic, common sense should tell you it is just not true.
But it’s something they know is false, and it is our responsibility to enlighten the public how much the government has received.
If there is anything the Governor Abubakar Sani Bello led Administration should be commended for, it should be the prudent way he managed the state’s resources, the way he has been able to ensure that development has reached all the nooks and crannies of the state, the rural dwellers can attest to this facts, how he has been able to resuscitate moribund facilities, like waterworks in the major cities in the state, which is still in the process of revival, with just the pipeline reticulations left due to roasting of the pipelines and the fact that some new areas have emerged since the last time government deem it fit to do anything in the sector, hundreds of schools that haven’t seen government presence in over four decades have undergone facelift, new ones have also been built, hospitals, infrastructure, both rural and urban roads, social programs etcetera.
Last week, the commissioner of finance, Honourable Zakari Abubakar held a press conference to set the records straight to avoid misconception and misinformation, he broke these figures down to educate the people on what the government has generated and received, as usual, some have unlooked like it doesn’t concern them and have continued to peddle their 500 billion naira lies around, we will still continue to educate those that care to listen and make the education more easy for them to understand. Below are some of the figures in graphics and info graphs.
The Governor Abubakar Sani Bello administration has expended 9.9billion and 3.6billion state and local government respectively on pensions and gratuity. 9.5billion had been refunded to 5,517 people as part of the 7.5 pension refund.
A total sum of 263.3Billion was received and accrued by Governor Sani Bello Administration within the corresponding years of 2015 to 2018 which comprises of 131.6Billion statutory allocation from Federation Account Allocation Committee (FAAC) and excess crude account, 33.3Billion from Value Added Tax (VAT), 18.6Billion Internal Generated Revenue (IGR), 79.7Billion inflows such as Bailout, Budget Facility and Paris refund, capital released of 90billion of about 32% was made, 34.1% was also released for salaries and pensions and 34.9% for recurrent and overhead cost was released from 2015 to 2018.
Niger State Commissioner of Finance stated that the present administration under Governor Abubakar Sani Bello had inherited about 30,387 thousand workforce with a wage bill of 2.6Billion monthly as from June 2015 to 2017 which was drastically reduced to 27,109 thousand with a wage bill of 2.2Billion even after the recruitment of firemen, teachers and health workers, as from 2017 to date after series of screening and authentication of workers vouchers.
The Administration of Governor Abubakar Sani Bello inherited a revenue base of about 400Million IGR monthly but have been increased to 700/800million monthly, the government is mapping more revenue base and accounts that will improve the state financial stability.
Niger State received Bailout of 4.317Billion and 2.5Billion respectively, while the CBN Budget facility, the state government received 10Billion and 16Billion respectively as a soft loan repayable within 15 to 20 years.
On Paris club refund; Niger State Government received the Refunds in three tranches with the first tranche of 13Billion, the second tranche of 7.210Billion and the third tranche of 7.210Billion respectively from June 2015 to September 2018.
The total Debt stock of Niger State is 59Billion, 883Million, 934Thousand 401Naira, Niger state total external debt stands at 17.35billion which was inherited from the previous administration, The present administration hasn’t taken any foreign loan.
Niger State Bond stock stands at 7.28Billion, The present Administration hasn’t taken any bond apart from the one inherited by the previous administration. The CBN total budget facility stands at 33.495Billion and a commercial loan from Banks stand at 960.84Million, will be settled before the second quarter of 2019.
About 3Billion was received after series of negotiation with the Federal Ministry of Finance for the settlement of Pay as You Earn for federal employees residing in Niger State (PAYEE) for 2016 to 2017, The outstanding 1.2Billion for a period of 2015 and 2018 is still undergoing negotiation with the federal ministry of finance, FCT Administration and Nasarawa Government.
The Abubakar Sani Bello administration has been able to translate all these figures into people-oriented programs, Mr Governor has always said it every opportunity he gets that the policies of the administration are people-oriented, the administration, for now, won’t embark on any project that won’t have direct impact on the lives of Nigerlites and true to his words, he has been able to ensure it is so.